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Glanmore secures £95m rescue equity
Posted on August 28th, 2009 No commentsThe Glanmore Property Fund has managed to raise the £95m rescue equity needed to prevent a firesale of assets.
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$76m first half loss for Cushman & Wakefield
Posted on August 28th, 2009 No commentsCushman & Wakefield has reported a $76m loss for the first half of the year compared to $67.3m loss in the first half of 2008.
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Wiltshire Council approves new Asda store
Posted on August 28th, 2009 No commentsWiltshire Council has granted planning permission to ASDA to open a new store on Bradford Road in Melksham.
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VAT provides weapon for landlord’s negotiations
Posted on August 28th, 2009 No commentsVAT is providing landlords with a new weapon when negotiating with tenants, DTZ has said.
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Songbird to buy and repay outstanding £880m Citi loan at discount
Posted on August 28th, 2009 No commentsSongbird, the AIM-listed vehicle which owns a 60.8% interest in Canary Wharf Group, is to raise equity to purchase and repay an outstanding £880m loan to Citi.
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Goodman makes profit despite ‘challenging’ conditions
Posted on August 28th, 2009 No commentsAustralian property group Goodman made a full year operating profit after tax of A$408m for the year ended 30 June 2009, but posted a statutory accounting loss of A$1.12bn as a result of write-downs.
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RICS appoints new regulatory chairman
Posted on August 28th, 2009 No commentsThe RICS has appointed Eve Salomon, who also holds roles such as commissioner of the Press Complaints Commission, as chairman of the RICS Regulatory Board.
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JLL’s English chairman John Stephen to leave
Posted on August 28th, 2009 No commentsJohn Stephen, chairman of Jones Lang LaSalle’s English business, is to leave the firm after 36 years to focus on several other property roles.
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London & Associated Properties is ‘cautiously optimistic’
Posted on August 28th, 2009 No commentsLondon & Associated Properties, the listed shopping centre and London retail property company, said it is facing the future with ‘cautious optimism’ in its half year results to 30 June 2009 released today.