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Ackerman’s £175m portfolios placed into receivership
Posted on December 2nd, 2009 No commentsPrivate investor Joseph Ackerman has had a major property portfolio he owns, which was worth £175m at the peak of the market, placed into receivership.
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Madara Bulgarian to delist from AIM
Posted on December 2nd, 2009 No commentsMadara Bulgarian Property Fund is to join the growing number of overseas property funds delisting from AIM.
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Coventry Airport fights winding up petition
Posted on December 2nd, 2009 No commentsCoventry Airport is facing a winding up petition, understood to have been made by HM Revenue and Customs.
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Schroders predicts UK double dip
Posted on December 2nd, 2009 No commentsSchroders Property has predicted a double dip for UK commercial property in 2011 after double-digit growth next year.
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Leviev’s Africa-Israel warns of insolvency risk
Posted on December 2nd, 2009 No commentsAfrica Israel Investments, the Tel Aviv-listed developer controlled by billionaire Lev Leviev, said its ability to continue as a “going concern” was at risk.
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Goodman submits new plans for Andover Co-op shed development
Posted on December 2nd, 2009 No commentsGoodman has submitted a revised planning application for its 468,160 sq ft shed pre-let to the Co-operative Group at its Andover Airfield site.
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Former Citigroup real estate head launches regional hotel group
Posted on December 2nd, 2009 No commentsAkkeron Group, the company formed last year by James Brent, the former global head of real estate & lodging at Citigroup, today launched a regional hotel group with the acquisition of the Folio hotel business.
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Derwent London appeals Turnmill refusal
Posted on December 2nd, 2009 No commentsDerwent London has put in a planning appeal against the London Borough of Islington’s decision to refuse permission for the redevelopment of the former Turnmills nightclub.
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Minerva rejects “wholly inadequate” bid from Kirsh
Posted on December 2nd, 2009 No commentsMinerva, the London developer, today urged shareholders to reject an £84.5m offer from South African entrepreneur Nathan Kirsh, claiming it was “opportunistic” and “wholly inadequate”.
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Telford posts healthy profits
Posted on December 2nd, 2009 No commentsTelford Homes today posted healthy pre-tax profits of £6.5m – up from £300,000 – for the six months to 30 September 2009, prompting the Aim-quoted developer to reinstate an interim payment of 0.75p per share.