Three bidders left in race for Olympic site April 6, 2011 THE OLYMPIC Delivery Authority (ODA) has narrowed its search for the future owner of the Olympic Village to three candidates, it announced yesterday, as the Games organisers prepare to launch a massive advertising campaign to drum up ticket applications. Hong Kong conglomerate Hutchison Whampoa has been shortlisted, alongside medical charity Wellcome Trust and a consortium [...]
UK property backers pulling out February 27, 2011 More than a third of lenders who backed UK property have pulled out since 2007, according to a new report from CB Richard Ellis (CBRE). The property consultancy says there are 107 senior lenders with a commercial real estate loan book in the UK, but only 69 are still actively lending. The growing shortage of [...]
UK property backers pulling out February 27, 2011 More than a third of lenders who backed UK property have pulled out since 2007, according to a new report from CB Richard Ellis (CBRE). The property consultancy says there are 107 senior lenders with a commercial real estate loan book in the UK, but only 69 are still actively lending. The growing shortage of [...]
CBRE snaps up ING property arm for $1.1bn February 15, 2011 CB RICHARD ELLIS looks set to become the world’s largest real estate investment manager (REIM) after it yesterday announced its plan to buy ING’s European and Asian property businesses for $1.1bn (£681m). New York-listed CBRE said yesterday that the cash purchase will improve its foothold in Europe and create a firm with $97.4bn of assets [...]
BOOTS HEAD OFFICE UP FOR SALE February 9, 2011 TWO Irish property owners have put their prized buildings on Oxford Street on the market in a sale set to raise around £250m. A syndicate of Irish investors is selling the 145-year leasehold for Sedley Place, home to the Boots head office, for around £80m, with CBRE acting as agent. Family-owned Cosgrave Property is also [...]
CBRE sees gains in US property February 3, 2011 CB Richard Ellis (CBRE), one of the largest property services firms, said fourth-quarter adjusted profit grew 34 per cent, underscoring the rebound in commercial real estate. The firm posted earnings of $115.4m (£71.5m) for the last three months of 2010, up 34 per cent on a year ago. Revenue rose 27 per cent to $1.65bn, [...]
CITY MOVES | WHO’S SWITCHING JOBS November 29, 2010 CBRE Investors The global real estate investment management firm has announced the appointment of Jean Lamothe as President of CB Richard Ellis Investors Europe. Jean will be responsible for the strategic direction, operations, financial results, day-to-day management and leadership of the firm’s pan-European platform, including the UK. He also will oversee the existing direct investment [...]
CITY MOVES | WHO’S SWITCHING JOBS November 29, 2010 CBRE Investors The global real estate investment management firm has announced the appointment of Jean Lamothe as President of CB Richard Ellis Investors Europe. Jean will be responsible for the strategic direction, operations, financial results, day-to-day management and leadership of the firm’s pan-European platform, including the UK. He also will oversee the existing direct investment [...]
City property debts could spark sell-off October 19, 2010 CENTRAL London’s real estate market could be flooded by properties in the next three years as around £47bn of property-linked debt becomes due, a director at CB Richard Ellis suggested yesterday. Mike Edwards, an executive director in central London capital markets, told CBRE clients yesterday that debt-laden landlords could be forced to sell off commercial [...]
DO-GOODING HEDGE FUND AUTHORS STRIP MEAT OFF MERVYN’S BONES October 14, 2010 FOLLOWING on from The Capitalist’s coverage of the launch of The Gathering Storm – a compilation of essays by hedgies, with all proceeds going to charities chosen by the writers – the book’s august authors gathered yesterday for cucumber sandwiches and wine at the Centre for the Study of Financial Innovation. As the discussion galloped [...]