South East
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Sainsbury’s new bond issue to net £350m
Sainsbury’s new bond issue to net £350m. Sainsbury’s is planning to generate an extra £350m for its core operating business by securitising a second portfolio of 12 supermarkets, on the…
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Lloyds TSB says no to outsourcing
Lloyds TSB has axed plans to transfer its estate to a third party. The company initiated talks with Trillium, Servus, Citex and Mapeley, all major leaders in the PFI market,…
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Harvey Nichols building for sale
Hong Kong entrepeneur Dickson Poon is planning to sell the freehold of his Harvey Nichols department store in Knightsbridge for up to £75m.
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Peel unlocks plans for Salford Quays
Peel Holdings subsidiary, Ship Canal Properties, has unveiled plans to develop the remainder of Manchester’s Salford Quays. The site which is undeveloped spans 12ha (30 acres).
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Prestbury sells £55m of £188m portfolio
Prestbury Capital Ventures has almost one-third of its properties for £55m. It has sold: the Cap Gemini headquarters in Aston, near Birmingham, an Asda store and warehousing in Hume, a…
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Property millionaire fined for swearing in court
Property millionaire Nicholas van Hoogstraten has been fined £1,500 at Hove crown court for calling a barrister ” a dirty bastard”.
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Decision delivered on major tax dispute
In a decision with major implications for the property world and the Inland Revenue, the House of Lords today upheld a 1998 Appeal Court ruling on the tax status of…
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Eurotunnel backs probe directors
The Eurotunnel board has backed directors past and present who are under investigation by a French magistrate over allegations relating to insider dealing and publishing false accounts and misuse of…
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CSC links up with La Salle to revamp Oxford’s Westgate centre
A Capital Shopping Centres/La Salle Investment Management joint venture has submitted its outline application to Oxford city council for the redevelopment of the Westgate Shopping Centre.
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New guidelines for housing trusts on electricity upgrade charges
The High Court has set new guidelines for housing trusts in a test case over charges levied by an electricity company to upgrade supply systems at Mitcham Garden Village, Mitcham,…
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Govt should ‘learn from Bluewater’ on pedestrianisation
The government could learn from the owners of shopping centres, such as Bluewater, in Kent, when it comes to pedestrianising urban areas, says a feature in The Guardian Society.
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Eurotunnel board under pressure to resign
The entire board of Eurotunnel will come under pressure today to resign at the company’s annual general meeting. Adacte, an association of individual investors, questions whether chairman Patrick Ponsolle’s “conducting…