Daily news from Property Week

Threadneedle bangs carbon drum with green fund plan

Fri, 12 Mar 2010 00:00:00 GMT

Fund manager to join Stanhope and Carbon Trust to create £300m vehicle to invest in and “retrofit” property

Allied London aligned with Edinburgh titan

Fri, 12 Mar 2010 00:00:00 GMT

Ingall’s developer leads bidders to buy city centre Caltongate scheme

BNP Paribas Real Estate “resilient” despite €60m profit drop

Thu, 11 Mar 2010 13:36:00 GMT

BNP Paribas Real Estate made profit before tax of €76.4m in 2009, €60m less than in the previous year.

Mark Rigby's Six Nations Predictions: Who’ll be in the Hurt Locker come Sunday?

Thu, 11 Mar 2010 11:41:00 GMT

Some performances are more important than others. When you’re Jeff Bridges or Sandra Bullock, you probably know if you’ve pulled it off by the time anyone else sees the result.

Former Brookfield Euro boss heads back to LandSecs

Thu, 11 Mar 2010 09:29:00 GMT

Former Brookfield Europeanproperty head Scott Parsons is to rejoin Land Securities.

BPF criticises Regus on insolvency plan to cut rents

Thu, 11 Mar 2010 09:07:00 GMT

The British Property Federation today condemned moves by serviced offices provider Regus to use insolvency practices to cut its rates bill – despite being a profitable business.

BLOG: Leslau to sing as "Wild Cherry" at Party near the Park

Thu, 11 Mar 2010 09:06:00 GMT

I have a worldwide scoop – Nick Leslau is singing in this year’s Party Near the Park.

Newcastle and Plymouth too public sector

Thu, 11 Mar 2010 14:00:00 GMT

Newcastle and Plymouth are unattractive for developers because they are too reliant on public sector jobs, a conference in London heard today.

Prince's Regeneration Trust appointed to World War Two code-breaking hub

Thu, 11 Mar 2010 10:16:00 GMT

The Prince’s Regeneration Trust has been appointed to restore Bletchley Park, the hub of Britain’s World War II code decryption operations.

Standard Life Investments buys Tesco Extra in Shrewsbury

Thu, 11 Mar 2010 09:01:00 GMT

Standard Life Investments, one of the largest property fund managers in Europe, has purchased a second Tesco Extra Supermarket in Shrewsbury, Shropshire for £46m on behalf of its Pooled Property Pension Fund.

Terrace Hill feeds on supermarket development

Wed, 10 Mar 2010 13:05:00 GMT

Terrace Hill has bought two sites for supermarket developments, in Sunderland and in Whitchurch, Shropshire, and also submitted a planning application to redevelop Heaton Park Retail Park in Manchester.

Derby takes powers for £1bn regeneration in-house

Wed, 10 Mar 2010 13:03:00 GMT

Derby City Council is to close regeneration body Derby Cityscape and bring its powers in-house under a new structure to deliver £1bn regeneration in the town.

Tories attack government policy with Property Week Pathfinder investigation

Wed, 10 Mar 2010 12:49:00 GMT

The Conservatives yesterday seized on a Property Week investigation to berate the government over alleged failures in its flagship housing policy.

JLL appoints Manchester agency associate director

Wed, 10 Mar 2010 11:45:00 GMT

Jones Lang LaSalle has poached Andrew Gardiner, head of Matthews & Goodman’s office agency team in Manchester, to join its office agency team in the city.

Covent Garden Market Authority kicks off search for £1bn development partner

Wed, 10 Mar 2010 11:21:00 GMT

Covent Garden Market Authority (CGMA) has today launched the search for a development partner for a £1bn redevelopment of the New Covent Garden Market in Vauxhall, London.

CBRE Investors launches first fund for defined contribution pensions

Wed, 10 Mar 2010 11:20:00 GMT

CB Richard Ellis Investors, the global real estate investment management firm, today launched the first UK direct property fund for defined contribution pension investors.

Henderson buys German retail warehouse park

Wed, 10 Mar 2010 10:59:00 GMT

Henderson Global investors’ €900m European retail fund has bought a warehouse park in Germany.

Apollo poised to take control of Citi Property Investors

Wed, 10 Mar 2010 09:41:00 GMT

Leon Black’s Apollo Global Management is the preferred bidder to take control of Citi Property Investors, the real estate investment arm of Citigroup.

UK shop vacancies rise again after Christmas says Cushman & Wakefield

Wed, 10 Mar 2010 08:19:00 GMT

Almost six per cent of shops in outer London are available because of retailer administrations, while the Midlands region was the UK's worst retail performer according to Cushman & Wakefield.

ROM pushes forward with plans at Clacton and Bescot Retail Parks

Wed, 10 Mar 2010 08:17:00 GMT

ROM Capital Group has submitted plans for at a six-screen multiplex cinema at the Clacton Factory Outlet park and won consent for two large stores at Bescot Retail Park

Housing minister John Healey launches planning green book

Wed, 10 Mar 2010 08:15:00 GMT

Housing and planning minister John Healey said yesterday he had provided a "triple boost" for councils tackling climate change by updating planning rules, granting nearly £10m to improve green skills and backing further progress with the...

Hamptons International launches valuation division

Wed, 10 Mar 2010 08:05:00 GMT

Hamptons International has unveiled plans to expand further into new markets with the introduction of a valuation division.

Travelodge takes Essex lease

Wed, 10 Mar 2010 07:54:00 GMT

Compass Hotels has negotiated a management lease to Travelodge on the Best Western Stansted Manor Hotel in Essex.

IPD: performance gap between best and worst institutions last year was huge

Tue, 09 Mar 2010 16:51:00 GMT

The gap between the returns generated by the best and worst-performing institutional property investors last year was a huge 24 percentage points, Investment Property Databank said today.

Olympic Park Legacy Company appoints head of real estate

Tue, 09 Mar 2010 15:46:00 GMT

The Olympic Park Legacy Company (OPLC) has appointed a head of real estate and made two other senior appointments to its executive management team.

PWTV: Hatchet Harry on why he'll carry a shot gun in his golf bag at the Sparks Golf Challenge.

Tue, 09 Mar 2010 13:17:00 GMT

P. H. Moriarty, aka Hatchet Harry from Guy Ritchie's Lock Stock and Two Smoking Barrels, spoke to PWTV about why he will be attending the Sparks Golf Challenge in Portugal this summer.

CBRE’s Harman to join Dowley Turner Real Estate

Tue, 09 Mar 2010 12:15:00 GMT

Richard Harman, senior director of industrial and logistics at CB Richard Ellis, is leaving the firm to join Dowley Turner Real Estate.

Government plans overhaul of green planning

Tue, 09 Mar 2010 12:11:00 GMT

The government plans to overhaul three planning policies to help councils deal better with planning applications for sustainable developments.

King Sturge appointed to market Wakefield scheme

Tue, 09 Mar 2010 12:01:00 GMT

English Cities Fund has appointed King Sturge to market the residential element of its £140m Merchant Gate scheme in Wakefield City Centre.

Committee blasts HMRC private finance property deal

Tue, 09 Mar 2010 11:55:00 GMT

HM Revenue & Customs faces a financial backlash from a 20-year property contract signed with Mapeley in 2001, according to a report from the Treasury Committee released today.