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30 Jun 2009
Administrators appoint Knight Frank to sell City of London building

Knight Frank has been appointed to sell the former Midland Bank headquarters at 27-35 Poultry which is one of the City of Londons best known freehold buildings / Source: Property Week

30 Jun 2009
Blackstone returns to European property

Blackstone, the private equity group, is to return to the traditional commercial property market in Europe for the first time since 2004 after the closing on Monday of a larger-than-expected ?3.1bn (£2.6bn) real estate fund / Source: Financial Times

29 Jun 2009
Emaar May Merge With Dubai Competitors by October

Emaar Properties PJSC, the Middle Easts biggest real estate developer, plans to merge in four months with three state-controlled competitors, as it seeks to curb the supply of new property in Dubai / Source: Bloomberg

29 Jun 2009
244-Room Four Points by Sheraton Debuts in Times Square

Times Square today welcomed another prime lodging landmark - the 244-room Four Points by Sheraton Midtown hotel / Source: Real Estate Channel

26 Jun 2009
Big Hotel Planned Next to Sears Tower

A real estate investment group that owns the Sears Tower said it is pushing forward with plans to build a 500-room environmentally friendly hotel next door to North America's tallest building, but released few details on financing for a project that will cost as much as $225 million / Source: The Wall Street Journal

26 Jun 2009
H&M Profit Increases on New Stores

Hennes & Mauritz AB, Europes second-largest clothing retailer, reported a 6 percent profit increase for the second quarter after store openings and the stronger euro offset slower consumer spending / Source: Bloomberg

25 Jun 2009
Seventh Continent Defaults on $61 Million of Bonds

OAO Seventh Continent, a Russian supermarket company, defaulted on 1.9 billion rubles ($61 million) of bonds after some creditors demanded early repayment / Source: Bloomberg

25 Jun 2009
Marriott, Starwood Need Four Years to Restore Hotel Room Rates

Marriott International Inc. and Starwood Hotels & Resorts Worldwide Inc. are among U.S. hotel operators that may need four years to restore room rates to 2008 levels after slashing prices to spur demand / Source: Bloomberg

25 Jun 2009
Europa Capital buys Land Securities shopping centre

Europa Capital has bought Land Securities' Fremlin Walk shopping centre in Maidstone for around £70m, reflecting a yield of between 8.5-8.75% / Source: Property Week

24 Jun 2009
Commercial real estate crisis continues in US with price falls of 33% in some locations

The commercial property market crisis in the US is set to continue well into next year with average prices falling between 11.4 and 12%, according to the latest analysis from consultants / Source: Property Wire

24 Jun 2009
First commercial building at Greenwich Peninsula launched

Quintain and Lend Lease have launched the first commercial building at Greenwich Peninsula in East London today, and said it was the start of a new commercial district for London / Source: Property Week

23 Jun 2009
Israels Koor to Spend $885 Million in Carrefour

Israeli billionaire Nochi Dankner said his Koor Industries Ltd. plans to spend 3.5 billion shekels ($885 million) buying shares of Carrefour SA, an investment that would equal a 3 percent stake in Europes largest retailer / Source: Bloomberg

23 Jun 2009
Carrefour to Sell 20 Express Stores in Poland

Carrefour SA, Europes biggest retailer, plans to sell or shut more than 20 Carrefour Express stores in Poland, Parkiet reported, citing Maria Cieslikowska, spokeswoman at Carrefours Polish unit / Source: Bloomberg

23 Jun 2009
Hammerson Chief Says U.K. Commercial Property Close to Bottom

The two-year slump in the U.K. commercial-property market may be close to its bottom for the best buildings, according to Hammerson Plc, owner of stakes in Londons Bishops Square complex and Birminghams Bull Ring mall / Source: Bloomberg

22 Jun 2009
Simon Halabis Protractor portfolio falls 50% in value and loan breach occurs

Simon Halabis Protractor portfolio has fallen more than 50% in value and breached the loan to value covenant on its £1.1bn debt pile / Source: Property Week

22 Jun 2009
Japan to Set Up Fund to Aid Real Estate Investment Trusts

Japan will set up a fund worth hundreds of billions of yen within the next few months to aid real estate investment trusts hurt by the global credit crisis, a ruling party lawmaker said last week / Source: Bloomberg

22 Jun 2009
Paul Whight launches £300m retail warehouse fund for UK

Paul Whight, the retail warehousing expert with a 25 year track record in the sector, is back in the UK and has teamed up with former Henderson Global Investors UK retail boss Neil Varnham, to launch a £300m UK retail warehousing fund / Source: Property Week

22 Jun 2009
Israeli company in talks to take a £100m stake in British Land's Broadgate Centre

A company owned by one of Israel's richest men disclosed yesterday that it is in talks to buy a stake in the City of London's famous Broadgate office complex from British Land / Source: The Times

22 Jun 2009
LK Bennett finds feet in Bluewater

LK Bennett, the footwear and clothing retailer, is to launch a new shoe concept. The first store will be unveiled in Bluewaters Guildhall mall in Kent / Source: Property Week

22 Jun 2009
London beats Paris in new Experian/Jones Lang LaSalle retail report

London has beaten Paris to become Europes top retail destination according to a new report by Experian and Jones Lang LaSalle / Source: Jones Lang LaSalle


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