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Clacton Travelodge bought by private investor

A Travelodge in Clacton-on-Sea has been bought by a private investor from Real Estate Leisure Capital Limited for £2.16 million, reflecting a net initial yield of 7%.

Landmark House finds final tenant

Diageo’s Landmark House in Hammersmith is now fully occupied after a 4,024 sq ft letting to Couponstar at £35 per sq ft.

Taylor makes Hermes

Ex-Prupim and Queensland fund manager Chris Taylor snaps up prestigious head of property role

Barnsley council buys Gateway Plaza

Barnsley Council has bought the mixed-use Gateway Plaza development in the town centre for an estimated £20m, and will occupy 78,000 sq ft of the scheme’s office block.

Green light for Ealing's Green Man

Ealing Council yesterday granted planning permission for the £136m regeneration of the run-down Green Man Lane estate.
 

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August 9

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Property Week

Dawn of the Romanian Empire

By James Whitmore

Romania’s richest man, Dinu Patriciu, is taking advantage of the turmoil among small, London-listed companies to build a pan-European investment empire

There is nothing like a recession to shake up the listed property sector.

While the UK’s real estate investment trusts and the big European property companies have been refinancing their debt and carrying out discounted equity issues to bring in much-needed cash, the small London-listed overseas property funds – mainly listed… Continue

Posted on July 6, 2009 at 9:52am —

Property Week

Miami’s vice is a microcosm of America’s property bubble

By Steve Cuozzo

The enormity of the US property meltdown strikes you in Miami as it does nowhere else. There might be more unsold homes in southern California and Las Vegas, but the debacle looks worse in south Florida for a simple reason: the tens of thousands of new units concentrated in clusters of dark, hovering, 40- to 50-storey towers

This week, the Miami Herald drew snickers with a story headlined, ‘Downtown Miami condos filling up fast.’ Citing an analysis by the city’s Downtown Develo… Continue

Posted on July 6, 2009 at 9:48am —

Property Week

Spare a thought for those less fortunate

With so much attention absorbed in prime property markets, it is easy to forget that not so long ago, emerging markets were de rigueur

- By Lucy Scott

Investors are rightly taking the view that it is unnecessary to look at wilder climes when they can scoop up incredible bargains in low-risk, core markets. But this downturn has reinforced, not weakened, the case for a diversified portfolio, especially now that more rational pricing has been introduced in many markets.

On these pages this month… Continue

Posted on July 6, 2009 at 9:30am — 1 Comment

Property Week

Property Week Global teams up with CREOpoint

Property Week Global has launched its own page on free real estate networking site CREOpoint, where CREOpoint members will find discussion forums, events news, blogs and video interviews.

Jean-Claude Goldenstein, founder and president of CREOpoint said: 'CREOpoint is an exclusive online meeting point for commercial property leaders worldwide.

'Hundreds of quality CREOpoint members are extending their business networks globally and gaining intelligence daily on pressing topics.'

Posted on June 10, 2009 at 5:39am —

Property Week

US unveils Battersea embassy plan

By Jennifer Rigby

The US government has today revealed the first plans for its new embassy on the banks of the Thames in Battersea, south London.

An outline planning application was submitted to Wandsworth Borough Council this week for the site in Nine Elms.

The application gives an indication of the plot of land and potential height of the embassy.

The embassy has set up a website for the plans - http://www.newusembassy-london.co.uk/ - as an aid to the public consultation that it has undert… Continue

Posted on May 8, 2009 at 11:07am —

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