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RREEF buys three UK and French properties for €100m
Posted on July 15th, 2009 No commentsRREEF has completed the purchase of three properties for a total of €100m including two UK properties.
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UK banks ponder REITs as debt exit route
Posted on July 15th, 2009 No commentsUK banks may transfer commercial property loans into real estate investment trusts to purge their balance sheets of debt and avoid future writedowns.
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Prologis lets 645,000 sq ft in Japan
Posted on July 15th, 2009 No commentsProLogis has let more than 645,000 sq ft of distribution space currently under construction in Japan.
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BPF president Rupert Clarke lays out agenda
Posted on July 15th, 2009 No commentsIn his first speech as president of The British Property Federation (BPF), Rupert Clarke laid out his agenda for the next year.
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Daejan’s NAV drops 16%
Posted on July 15th, 2009 No commentsDaejan Holdings, the secretive listed company controlled by the Freshwater family, today reported a 16% drop in its net asset value and a pretax loss of £248m in the year to 31 March as a result of property writedowns.
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Target-driven local authorities ‘press developers to withdraw planning applications’
Posted on July 15th, 2009 No commentsLocal authorities are putting pressure on developers to withdraw planning applications to meet government targets, a law firm has warned.
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PWTV: Eye on Offices
Posted on July 15th, 2009 No commentsPWTV joined Jeremy Bates, head of UK office agency at Savills', to discuss the south-east market for our first 'Eye on Offices' analysis video.
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Window of leasing opportunity for occupiers will close soon
Posted on July 15th, 2009 No commentsThe window of opportunity for occupiers to secure generous terms from landlords is soon to close in some markets according to research by CB Richard Ellis (CBRE).
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131% increase year-on-year in property services firms with ‘critical’ problems
Posted on July 15th, 2009 No commentsThe number of property services firms with ‘critical’ financial problems has gone up by 131% in the second quarter of 2009 compared to the same period last year, according to Begbies Traynor.
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Olympic fund agrees terms to restructure debt
Posted on July 15th, 2009 No commentsAIM-listed Olympic property fund, O Twelve Estates, has agreed terms in principle with its lenders to restructure its £170m debt after breaching its loan-to-value covenant.


