Daily news from Property Week

RICS: Ireland and the US set for biggest rise in distressed sales

Mon, 07 Jun 2010 11:47:00 GMT

Ireland and the US will see the greatest rise in “distressed sales” of property according to a survey published today by the RICS.

NewRiver Retail acquires £19m Redevco portfolio

Mon, 07 Jun 2010 09:19:00 GMT

NewRiver Retail, the AIM-listed company set up by Halladale founder David Lockhart, has bought a portfolio of six long-leasehold retail units from Redevco for £19m with 65% loan to value funding from Santander.

Garden grab policy could harm green belt, warn planners

Mon, 07 Jun 2010 09:10:00 GMT

The coalition’s plans to end garden grabbing and scrap house building density targets will lead to more development on greenfield land, planners have said.

Cambridge science village secures funding

Mon, 07 Jun 2010 09:02:00 GMT

Plans for a science village at Chesterford Research Park in Cambridge have moved a step closer after investors Aviva Investors and Churchmanor Estates Company pledged funding for the project.

LDA launches search for Gallions Quarter developers

Mon, 07 Jun 2010 09:00:00 GMT

The London Development Agency (LDA) has begun a search for development partners for a site in the Albert Basin in east London’s Royal Docks.

Developers shortlisted for 365 acre MoD Aldershot scheme

Fri, 04 Jun 2010 16:47:00 GMT

Three developers have been shortlisted to bring forward 4,500 homes and a new garrison for the Ministry of Defence at a 365-acre site in Aldershot, Hampshire.

China's housing problems worse than the US

Fri, 04 Jun 2010 15:05:00 GMT

China’s housing market problems are worse than those in the United States before the global downturn, one of China’s most senior bank advisors has warned.

Asda submits plans for Poole regeneration

Fri, 04 Jun 2010 12:23:00 GMT

Asda and joint venture partner Marsh Life Property have submitted a planning application for Lifeboat Quay, a mixed-use regeneration scheme in Poole.

Former Barratt chairman launches residential development company

Fri, 04 Jun 2010 11:01:00 GMT

The former regional chairman of Barratt London & Thames Gateway Adam Lawrence has launched a new residential development and has secured £100m funding.

First White Tower property sold

Fri, 04 Jun 2010 10:16:00 GMT

CB Richard Ellis Loan Servicing (CBRELS) has confirmed today that it has sold the New Court property on Carey Street – part of the White Tower 2006-3 portfolio – to Welput.

Win £50 Amazon vouchers with the Public Property cuts survey

Fri, 04 Jun 2010 09:38:00 GMT

Calling all public sector property professionals...

Welsh auditor slates running of £12bn public estate

Fri, 04 Jun 2010 09:31:00 GMT

Welsh public sector land and buildings are in poor condition, breach health and safety requirements, and fail on value for money, Wales’s public service watchdog has said.

Part of Southampton pier collapses

Fri, 04 Jun 2010 08:55:00 GMT

Part of Southampton’s Royal Pier has collapsed into the sea, a month after the city council launched a search for a development partner for the site it belongs to.

Agency quartet steal the show at Party Near the Park

Fri, 04 Jun 2010 08:38:00 GMT

Having been pipped to the post last year, Cushman and Wakefield’s David Erwin, King Sturge’s Phil Marsden, Jones Lang LaSalle’s David Raven and CBRE’s Stewart Colderick won last night's ‘Stars in their Eyes’ like contest Party Near the Park.

Ex-Barratt man launches new residential company

Fri, 04 Jun 2010 08:06:00 GMT

A former regional chairman of Barratt London today launched a new residential developer with £100 million of private equity backing.

Council to dispose of regeneration site in Erith

Fri, 04 Jun 2010 07:49:00 GMT

The London Borough of Bexley has instructed Cushman & Wakefield to dispose of a site known as the Howbury Centre with adjoining land in Slade Green, Erith.

JLL strengthens corporate consulting team

Fri, 04 Jun 2010 07:45:00 GMT

Jones Lang LaSalle has poached two directors from Cushman & Wakefield’s EMEA business consulting group to strengthen its UK corporate consulting team.

Watford lets Woolies

Fri, 04 Jun 2010 07:32:00 GMT

Watford Borough Council has let the former Woolworths unit in the week it has picked London & Regional as preferred development partner for its Charter Place redevelopment close to the Harlequin shopping centre.

Internet retailing could breed more "zeros to heroes"

Fri, 04 Jun 2010 07:25:00 GMT

The next crop of online retailers are expected to lack experience but some "zeros to heroes" could be produced.

Marcol completes £51m of deals

Fri, 04 Jun 2010 07:00:00 GMT

Mark Steinberg and Terence Cole's Marcol is due to complete on £51m of deals in the UK, selling three assets and reinvesting in three other assets in London and Manchester.

Meredith Group takes Portman Village pub

Fri, 04 Jun 2010 06:49:00 GMT

Pub operator The Meredith Group has taken the former Masons Arms on Upper Berkeley Street in Mayfair from landlord The Portman Estate.

Henderson buys prime stake at Smithfield

Thu, 03 Jun 2010 23:00:00 GMT

Fund manager to revive development plans for meat market site in Farringdon

MGPA to exchange on Docklands scheme

Thu, 03 Jun 2010 23:00:00 GMT

Hammerson’s Harbour Exchange is placed under offer for more than £150m

One North East appoints Callaghan as chair

Thu, 03 Jun 2010 15:42:00 GMT

Business secretary Vince Cable has announced the appointment of Paul Callaghan as chairman of One North East.

Tory council leader slams coalition housing incentives

Thu, 03 Jun 2010 13:16:00 GMT

A Conservative council leader has criticised the coalition over its plan to incentivise local authorities to build houses through so-called council tax matching.

Raynsford “deeply sceptical” of “untested” planning reforms

Thu, 03 Jun 2010 12:16:00 GMT

The coalition’s proposed overhaul of the planning system lacks an evidence base and is “completely untested”, according to a “deeply sceptical” former housing minister Nick Raynsford.

Urban Outfitters goes to Wales

Thu, 03 Jun 2010 10:45:00 GMT

Helical Bar has signed US fashion retailer Urban Outfitters for a new store to open this autumn at the former David Morgan department store on The Hayes, Cardiff.

LaSalle Investment Management plans $4bn Asian fund spending spree

Thu, 03 Jun 2010 10:22:00 GMT

LaSalle Investment Management said it will acquire more than $4bn of assets for its Asia Opportunity Fund III over the coming months.

Quintain aims to double funds under management

Thu, 03 Jun 2010 09:16:00 GMT

Quintain announced a three-year plan to double funds under management and focus on developing Wembley City this morning.

Helical Bar's NAV rises as the firm repositions for major development

Thu, 03 Jun 2010 09:00:00 GMT

Helical Bar’s investment properties rose in value by 7.9% over the past year, the Mayfair based property company reported today.