July 23, 2008

Final offer from Limitless for Minerva

Permalink: Final offer from Limitless for Minerva
by Lin Freestone

Minerva, the developer of office projects mainly in London, has received a further takeover proposal from Limitless, the Dubai-based property investment group, valuing the company at around £258m. Limitless has said the offer is final. It is more than double the ...


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July 22, 2008 Demand for commercial property drops by one third Permalink: Demand for commercial property drops by one third by Lin Freestone According to the latest survey by the Royal Institute of Chartered Surveyors (RICS), for the second quarter of the year tenant demand for retail, industrial and office space overall has dropped by more than a third between January and ... (more...) July 18, 2008 Work starts on £70m Sunderland business park Permalink: Work starts on £70m Sunderland business park by Lin Freestone Barmston Developments, a joint venture partnership between Wilton Developments and Clugston Developments, is beginning work on a £70m business park in Sunderland in spite of the current economic climate. The partnership worked closely with Sunderland City Council to create a ... (more...) Westfield London’s Shepherd’s Bush shopping centre 92% let Permalink: Westfield London’s Shepherd’s Bush shopping centre 92% let by Lin Freestone There are just 100 days to go before the opening of London’s biggest shopping centre in Shepherd’s Bush. As opening day approaches at Westfield’s London project, work is stepping up with an estimated 5,000 construction workers on site. The £1.6bn, ... (more...) July 17, 2008 Reorganised Ballymore wins planning approvals in East London Permalink: Reorganised Ballymore wins planning approvals in East London by Lin Freestone Ballymore, an international property development and investment group, has just been granted planning permission for two major development projects in East London. A spectacular 45-storey twisting, residential tower on the former site of the London Arena in the Docklands will ... (more...) July 15, 2008 £20m half-year losses for St Modwen Permalink: £20m half-year losses for St Modwen by Lin Freestone St Modwen Properties, the regeneration specialist, has recorded a loss of £20m for the six months to the end of May 2008. In the same six month period of 2007 the company recorded profits of £65.1m. The company, which has its ... (more...) July 14, 2008 Delay for festival site plan given government approval Permalink: Delay for festival site plan given government approval by Lin Freestone Plans submitted by Langtree McLean for the redevelopment of the Liverpool International Garden site have just received government approval. Planning permission had already been granted by Liverpool City Council for the £250m project for the demolition of the derelict ... (more...) July 11, 2008 City Lofts’ collapse will not affect residential tower development in Cardiff Permalink: City Lofts’ collapse will not affect residential tower development in Cardiff by Lin Freestone City Lofts Group, the developer of urban mixed-use property schemes primarily focused on residential apartments which went into administration last week, is a development partner of Allied Developments (Europe) Limited. The two companies had been working on ... (more...) Work halted on £155m Lumiere development in Leeds Permalink: Work halted on £155m Lumiere development in Leeds by Lin Freestone Work has stopped on the construction of two 55-storey towers in Leeds. The developer, K W Linfoot, has frozen the project until the climate stabilises and an appropriate funding structure can be put in place. Carillion has been appointed for ... (more...) July 10, 2008 Confidence in commercial property development underway Permalink: Confidence in commercial property development underway by Lin Freestone Despite the evidence that commercial property transactions in the first half of 2008 have fallen by almost 50%, optimistic developers are continuing to work on construction projects already underway. Property consultancy Atisreal’s research shows that, although there is speculative development due for ... (more...) July 9, 2008 Former Wilson Bowden director heads new company to continue with projects Permalink: Former Wilson Bowden director heads new company to continue with projects by Lin Freestone A former director of Wilson Bowden Developments launched his own property and development management business at the beginning of July this year. Jim Fitzsimons, who headed the Glasgow operation of Wilson Bowden, will be joined by ... (more...) July 3, 2008 Barratt to close regional offices Permalink: Barratt to close regional offices by Lin Freestone Barratt Developments is planning to close two offices in Chester and Sheffield, and a further eight regional offices will be merged into four. It is anticipated that the closures and mergers will impact on about 1,000 jobs, representing approximately 15% of the ... (more...) July 2, 2008 TW, RDW and BDEV shares plummet Permalink: TW, RDW and BDEV shares plummet by Brian Turner Shares in Taylor Wimpey (TW), Redrow (RDW) and Barratts (BDEV) plummeted this morning on news that Taylor Wimpey has been unable to secure funds from investors. Such funding would have ensured that Taylor Wimpey could meet its bank covenants, making its future ... (more...) July 1, 2008 Barratt close to financing deal Permalink: Barratt close to financing deal by Kay Murchie Like many of its rivals, housebuilder Barratt Developments, has been affected by the slide in house prices and house sales and soaring mortgage rates. As a result, the struggling housebuilder is close to securing a rescue refinancing with lenders that will relax its ... (more...) June 29, 2008 £500m cash injection for Taylor Wimpey Permalink: £500m cash injection for Taylor Wimpey by Kay Murchie Housebuilder Taylor Wimpey is close to receiving a huge cash injection in a bid to shore up its balance sheet. The rescue is being co-ordinated by investment bank UBS, and JP Morgan Cazenove. The agreement, which is believed to raise as much as ... (more...) June 27, 2008 Seven in 10 find faults in new-builds Permalink: Seven in 10 find faults in new-builds by Kay Murchie According to research by the Office of Fair Trading (OFT), 70% of buyers of new-build homes have found faults with their new property. The OFT commissioned a survey of 1,000 people in Britain who had bought a newly-built home in the ... (more...) £150m office development planned for Derby city centre Permalink: £150m office development planned for Derby city centre by Lin Freestone Norseman Investments, a Derbyshire developer with more than 35 years experience, is planning a £150m office development which could bring millions of pounds of investment into the centre of Derby. The development on a three-acre site in the heart of ... (more...) June 26, 2008 GVA Grimley reports on Liverpool’s office market Permalink: GVA Grimley reports on Liverpool’s office market by Lin Freestone In recognition of Liverpool's year as European Capital of Culture, GVA Grimley has prepared a report on the state of the office market in the centre of the city. The report reflects on the office market in terms of take-up, ... (more...) June 25, 2008 Developer starts building 37 new homes in Formby Permalink: Developer starts building 37 new homes in Formby by Lin Freestone A Southport-based property developer, Marcel Zachariah, has received backing from the Royal Bank of Scotland’s property finance team in Liverpool to build 37 new homes in Formby. The £14m development by York Homes will feature a mix of three-and four-bedroom ... (more...) June 24, 2008 Ten de-licensed pub buildings for sale in the north of England Permalink: Ten de-licensed pub buildings for sale in the north of England by Lin Freestone Enterprise Inns is to dispose of property worth a total of £3m. The sales are being handled by the Newcastle office of Sanderson Weatherall. The ten pubs in the portfolio have all been de-licensed, making them ... (more...) « Previous Page — Next Page »	Latest News: Buy-to-let landlords at more risk of negative equity Home Builders Federation calls for £2bn boost to homes fund Inexperienced landlords must be well-prepared, says the NLA Fall in asking prices reaches new low Law Society warns that online competitions to win a home could be unlawful Problems for buy-to-let landlords in competitive market Low deposit mortgage deals harder to find Relaunch of tracker deals for new borrowers Rightmove is losing 300 estate agents each month 15% drop in number of first-time buyer loans in September Most Read News Today: Relaunch of tracker deals for new borrowers HiFX launches overseas mortgage service Low deposit mortgage deals harder to find Problems for buy-to-let landlords in competitive market Rightmove is losing 300 estate agents each month Build-to-let promises new investment in rental sector Westfield London’s Shepherd’s Bush shopping centre 92% let Lenders cut mortgage rates in wake of interest rate cut HBOS reviews its house price falls predictions Nationwide expects further house price falls Most Read News To Date: Westfield London’s Shepherd’s Bush shopping centre 92% let NHBC Buildmark Insurance Certificate: What you need to know Possible housing crash in 2008 Property Prices in Ireland could fall up to 60% How to Extend Your Flat Lease Northern Ireland property prices drop Barratt Developments in crisis as share price plummets Innovative investment fund from Strutt & Parker Nationwide to offer 95% mortgage Lenders cut mortgage rates in wake of interest rate cut
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Final offer from Limitless for Minerva

Demand for commercial property drops by one third

Work starts on £70m Sunderland business park

Westfield London’s Shepherd’s Bush shopping centre 92% let

Reorganised Ballymore wins planning approvals in East London

£20m half-year losses for St Modwen

Delay for festival site plan given government approval

City Lofts’ collapse will not affect residential tower development in Cardiff

Work halted on £155m Lumiere development in Leeds

Confidence in commercial property development underway

Former Wilson Bowden director heads new company to continue with projects

Barratt to close regional offices

TW, RDW and BDEV shares plummet

Barratt close to financing deal

£500m cash injection for Taylor Wimpey

Seven in 10 find faults in new-builds

£150m office development planned for Derby city centre

GVA Grimley reports on Liverpool’s office market

Developer starts building 37 new homes in Formby

Ten de-licensed pub buildings for sale in the north of England

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