All articles by Tim Danaher – Page 15
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News
Tory lauds call to alter PPG15
Property Week has teamed up with urban strategist Richard Coleman to redefine planning rules governing the redevelopment of unlisted buildings in conservation areas
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News
Frogmore leaps into the Bristol Harbourside fray
Frogmore Estates is working on an audacious plan to upstage Crest Nicholson Properties £200m scheme to redevelop Harbourside in Bristol. The property company is the latest name to become embroiled in the long-running fracas surrounding the right to regenerate the 6.9 ha (17 acre) site. It ...
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News
Chase boss slams client care
Property values could more than double if landlords and surveyors better understood the needs of their occupier clients, according to the property boss of one of the world s largest firms. Cesar Chekijian of Chase Manhattan said the UK property market was missing out on the growth rates achieved ...
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News
Corporation fears market oversupply
The Corporation of London has issued a warning that development plans in neighbouring boroughs could generate an oversupply of office space. In a letter to Property Week, Stuart Fraser, chairman of the Corporation's planning and transportation committee, said: 'There is a risk that increasing development in Tower Hamlets, Islington ...
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News
Lobbyists plan to rewrite rules on historic buildings
Lord Rogers has put his weight behind a high-profile campaign to rewrite the rules governing the redevelopment of historic buildings, using a scheme in the city as a test case. The demolition of 27 Finsbury Square, an unlisted building within an Islington conservation area, will be used by the ...
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News
Canary Wharf snaps up Texaco space for CSFB
The Canary Wharf Group has soaked up a further £80m worth of Docklands office space to counter the shortage of immediately available space on its estate. The UK's second-largest property company is thought to have defeated stock exchange rivals British Land and MEPC in the race to ...
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News
The Corporation gnashes teeth at Docklands rival
The Corporation of London flashed its longer, sharper teeth at Docklands this week with a two-pronged assault aimed at persuading financial occupiers to stay in the square mile. The Corporation recovered crucial ground on its rival by taking steps to deliver a potential 60,390 sq m ...
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News
Interest rate hike kills off investment deals
Two key city investment deals have been killed by the half-point rise in long-term fixed interest rates. While the headline-grabbing short-term rates have fallen, five- and 10-year interest rates have risen from 5.62% and 5.59% to 6.16% and 6.01% respectively since last month. The move has hit private ...
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News
Funds shortage stalls Mass House project
Birmingham City Council s Mass House regeneration project has reached an impasse after the Birmingham Alliance flatly refused to invest in infrastructure works required to break the city s concrete collar. The plan to restructure the ring road and open up a 20ha (50 acre) mixed-use development ...
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News
SocGen cash triggers Blackfriars proposal
Blackfriars will finally be redeveloped after French bank Société Générale this week took the first step towards rationalising its City of London portfolio. In return for paying £10.5m to developer Blackfriars PD, the French bank will be freed from its lease on 2 Puddle Dock, EC4. The ...
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News
New valuation rules for Rotch’s portfolio
Property in Britain is mis-priced, according to Rotch Property Group , which this week adopted a new valuation method based on actuarial rather than traditional valuation techniques. The UK-based private property investor will adopt the technique on its entire £1.2bn portfolio in preparation for a ...
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News
Ronson 'trump tower' set to eclipse Foster scheme
Developer Gerald Ronson is hatching a plan to trump Sir Norman Foster 's long-awaited Millennium Tower, proposing a City skyscraper to rival Canary Wharf . A source close to the secret proposal told Property Week that Ronson's company, Heron , was waiting to gauge the reaction to Foster's revised ...
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News
City properties harvest £100m deals bonanza
More than £100m worth of City deals were negotiated this week, on the back of increased demand from private investors for property with long-term income streams. Norwich Union has completed the £42m sale of Fenchurch Exchange to the Kuwaiti Al Wassan family, which bought the building through its property vehicle, ...
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News
House of Fraser spots gap in City retailing
House of Fraser and Grosvenor Estate Holdings are working on a feasibility study that will make or break the City s first department store at 68 King William Street, EC4. The retailer is in pole position to pre-let the proposed department store once Grosvenor concludes its three-way discussions with ...
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News
Hammerson to offload prized Bedford estate
Joint venture partners Hammerson and Standard Life are set to offload one of London s last remaining estates the Duke of Bedford Estate for £105m. The sale is part of Hammerson s emerging strategy of concentrating on large retail schemes and high-quality office developments ...
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News
Schroder PUTs together fund for Chiswick Park
Schroder properties is set to establish its second single-asset offshore property unit trust to kick-start its proposed business park development at Chiswick Park in west London. With an end value of at least £450m, the Chiswick Park property vehicle would be the largest fund of its type and will ...
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Markets
Life after LIFFE
The 10-year Spitalfields saga has entered a new and potentially decisive phase.
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News
British Land in final stages of £90m sale
Metropolis Strategic Real Estate, property adviser to the rich and famous, is close to completing a £90m deal to acquire the Corn Exchange in the City. British Land s 14,286 sq m (153,781 sq ft) Mark Lane address is expected to change hands next month on a net initial ...
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News
Ivory Gate wins bidding race for Lombard St
Ivory Gate has emerged victorious from the most fiercely contested City deal of the year , with the £39.75m acquisition of Scottish Provident s 1 Lombard Street. The deal represents the company s first move into the City market and is the group s largest ever single UK property ...
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News
Mitsubishi sells Atlas to fund Paternoster Sq
Mitsubishi Estates Company (MEC) is to sell one of its London assets to keep its £475m Paternoster Square development on track. Atlas House, London EC2, is expected to be brought to the market by Knight Frank s City investment team within a month. Observers suggest that MEC, which acquired ...
