Property Week - LATEST PROPERTY NEWS

Kiss of life for Glasgow’s City Site Estates

Fri, 10 Feb 2012 00:00 GMT

Scottish grandee to sell to JO Hambro spin-off to work out £280m debt

Allied Irish leads bank retreat from property

Fri, 10 Feb 2012 00:00 GMT

Bank to dispose of £800m portfolio of UK property loans

HSBC funds £200m scheme by Bullring

Fri, 10 Feb 2012 00:00 GMT

Salhia Real Estate secures rare development finance outside London

Local Shopping REIT to focus on distressed assets

Fri, 10 Feb 2012 10:31 GMT

Local Shopping REIT will aim to buy distressed assets and work with banks in order to grow it announced in an interim management statement today.

Demand stays strong across Shaftesbury's West End portfolio

Fri, 10 Feb 2012 09:24 GMT

Shaftesbury has reported strong demand across its West End portfolio in its latest interim management statement.

Foyles joins £300m West End sales book

Fri, 10 Feb 2012 00:00 GMT

Hines beaten to Charing Cross Road store; Holborn and Mayfair properties close to sale

Calvin Klein to focus on undie performance

Fri, 10 Feb 2012 00:00 GMT

Six jeans and combination stores to close ahead of lingerie line expansion

Sleath sells £150m of Segro’s small regional sheds

Fri, 10 Feb 2012 00:00 GMT

Portfolio eyed by institutions and private equity as Sleath accelerates £1.6bn disposal programme

Netherlands mulls ‘bad bank

Fri, 10 Feb 2012 00:00 GMT

Dutch central bank considers setting up NAMA-style vehicle for property assets in debt default

Gazeley on the block for £400m

Thu, 9 Feb 2012 08:47 GMT

The Middle Eastern owner of Gazeley is planning to sell the European industrial developer for more than £400m.

LaSalle sets up $1bn JV to target major properties

Thu, 9 Feb 2012 09:58 GMT

LaSalle Investment Management and Swiss fund manager Quantum Global have set up a $1bn fund to invest in large properties.

Growth at British Land slows dramatically

Thu, 9 Feb 2012 07:32 GMT

Growth in net asset value at British Land slowed dramatically in the last quarter of 2011, though the company said it was positioned to benefit from economic uplift.

Malaysians line up £290m Woolgate buy

Thu, 9 Feb 2012 11:51 GMT

Malaysian wealth fund PNB Holdings is in exclusive talks to buy the Woolgate Exchange in the City of London for almost £300m.

Boris triumphs at London vs New York debate

Thu, 9 Feb 2012 12:22 GMT

London claimed an overwhelming victory over New York at the LandAid “Battle of the Giants” debate last night as Boris Johnson faced off against the deputy mayors of New York.

Savills appointed to manage £1bn portfolio

Thu, 9 Feb 2012 11:33 GMT

Savills has been appointed to manage a £1bn property portfolio, in place of Capita Symonds.

Slight but steady increase in private rented residential supply

Thu, 9 Feb 2012 10:57 GMT

The number of properties being bought with buy-to-let mortgages increased by around 84,000 in 2011 according to the Council of Mortgage Lenders.

CABE criticises Peel's Liverpool Waters scheme

Thu, 9 Feb 2012 12:45 GMT

Architectural watchdog CABE has criticised the design Peel Group’s £5.5bn Liverpool Waters scheme, stating that proposals contained a “weakly expressed masterplan and parameters that are not yet strong enough to serve as an effective planning tool”, TheBusinessDesk.com reported today.

Prologis completes Project Teal sale to Blackstone

Thu, 9 Feb 2012 08:54 GMT

Prologis has sold a 3.5m sq ft shed portfolio to Blackstone for around £211.4m.

DevSecs gets go-ahead for £150m Shepherd's Bush scheme

Thu, 9 Feb 2012 09:19 GMT

Development Securities has been given the green light for a £150m redevelopment around Shepherd’s Bush market.

UBS launches investment fund with £43m retail purchases

Thu, 9 Feb 2012 12:00 GMT

UBS Global Asset Management has launched a £200m investment fund, seeded by two retail properties.

Assura boosts annualised rent roll by 48%

Thu, 9 Feb 2012 09:39 GMT

Assura, the primary healthcare property company announced a 48% increase in its annualised rent roll in an interim management statement released this morning.

Berkeley First seals £80m City student accommodation deal

Thu, 9 Feb 2012 09:12 GMT

Berkeley First has agreed to forward sell a 617-bedroom student accommodation development in the City for over £80m.

British Land to sell 25% stake in Meadowhall shopping centre

Wed, 8 Feb 2012 16:17 GMT

British Land will put a 25% stake in the Meadowhall shopping centre in Sheffield up for sale alongside a 50% share currently being offered by London & Stamford and its Middle Eastern backers.

Juicy Couture takes Regent Street flagship store

Wed, 8 Feb 2012 13:55 GMT

US fashion retailer Juicy Couture has agreed to open a new flagship store on London’s Regent Street.

ADIA recruits former Carrefour Property chief as head of European real estate

Wed, 8 Feb 2012 12:11 GMT

Abu Dhabi Investment Authority (ADIA) has hired Pascal Duhamel, the former CEO of Carrefour Property, as its head of European real estate.

Allsop raises £37m at February commercial auction

Wed, 8 Feb 2012 16:47 GMT

Allsop has raised £37m at its February commercial auction, achieving a 75% success rate.

Aviva and Coventry's £300m city centre plan revealed

Wed, 8 Feb 2012 14:02 GMT

The plan to redevelop the heart of Coventry has taken a significant step forward with the release of a detailed blueprint for the regeneration of a major part of the city centre, TheBusinessDesk.com reported today.

Podcast: Riot "Clean-Up" organiser on the UK's empty shops

Wed, 8 Feb 2012 14:40 GMT

Self-proclaimed anarchist Dan Thomson, the man behind the Clean-Up campaign following London’s riots last summer, joins LBC’s James Max to discuss empty shops, social unrest and Mary Portas.

Savills poaches JLL Hotel's senior vice president

Wed, 8 Feb 2012 13:08 GMT

Savills has poached one of Jones Lang LaSalle Hotels’ senior vice presidents.

Mayor takes over Olympic Park legacy

Wed, 8 Feb 2012 08:12 GMT

The Mayor of London Boris Johnson has announced he will create a Mayoral Development Corporation (MDC) that will be responsible for the regeneration legacy from the London 2012 Games, and that Baroness Margaret Ford will step down as its chair this summer.

Industry sceptical over government infrastructure plans

Wed, 8 Feb 2012 11:38 GMT

UK surveyors are cynical about the government’s plans to leverage institutional funding to bring forward infrastructure projects, as construction workloads faltered again according to RICS figures published today.

BAM gets green light in Glasgow

Wed, 8 Feb 2012 10:10 GMT

BAM Properties has been granted planning consent for its 143,000 sq ft 110 Queen Street office building in Glasgow.

Grainger reports sales 5.8% ahead of book value

Wed, 8 Feb 2012 08:43 GMT

Residential property owner Grainger has reported robust sales, with the disposal of vacant assets in the four months to the end of January 5.8% ahead of its September valuations.

Liverpool to get elected mayor

Wed, 8 Feb 2012 11:39 GMT

Councillors in Liverpool last night voted to change the city’s constitution to elect a mayor for the city, TheBusinessDesk.com reported today.

CBRE reports profit of $239.2m for 2011

Tue, 7 Feb 2012 22:21 GMT

CBRE increased its net profit by 19% to $239.2m last year.

Pears and DevSecs win NAMA portfolio

Tue, 7 Feb 2012 11:14 GMT

Pears Group and Development Securities have teamed up in an innovative partnership to buy a £100m plus portfolio from the Irish National Asset Management Agency.

DevSecs confirms NAMA talks

Tue, 7 Feb 2012 16:13 GMT

Development Securities has confirmed it is in discussions to buy “a number of” assets from Ireland’s National Asset Management Agency.

Regional comfort as St Modwen enjoys 9% NAV boost

Tue, 7 Feb 2012 07:36 GMT

St Modwen enjoyed a 9% boost to its NAV per share over 2011, the regeneration developer revealed today, in what will be a comforting sign to the regional development markets.

Little Chef restructured to break "deadlock with landlords"

Tue, 7 Feb 2012 11:19 GMT

RCapital has completed the restructuring of roadside eatery Little Chef which has resulted in the closure of around 67 sites.

Property Week and Canary Wharf Group launch next Tweet Up

Tue, 7 Feb 2012 12:15 GMT

Property Week, in partnership with Canary Wharf Group, is today launching its second Property Week Tweet Up event.