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Government plans to include US financing scheme in forthcoming legislation to promote regeneration
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Energy regulator secures Millbank HQ in ICI deal
British chemicals giant ICI has shelled out £5m to leave its lease at its Millbank headquarters in London.The cash payment was made to Ofgem, the energy regulator, to take on the 18-year lease with the Prudential, the building’s freeholder.ICI is leaving Imperial Chemical House, which has been its worldwide head…
Soros plans £40m plunge into self-storage sector
Finance guru is the latest high-profile investor in emerging sector, while new operators enter the market
Track and yield
Railtrack Property director John O’Brien has taken control of a development programme larger than that of Land Securities. But this isn’t enough – he plans to crank it up further.
Dot coms and telecoms scour West End for HQs
Growing internet and telecoms companies need office space but many landlords don’t want them as tenants
Hines touches down in Britain
American property billionaire Gerald Hines planning to set up company to cash in on ‘air property’
Ex-cricketer is latest to cash in on e-property explosion
Quoted property companies are jumping on the dot com bandwagon, leading to gargantuan leaps in share prices
BBC’s property review may rule out South Bank move
Greg Dyke, who will take his seat as director-general of the BBC on Monday, is to conduct a fast-track review of the corporation’s London property requirements. The move could lead to the BBC ditching its plans to move to a Lord Foster-designed building at More-London Bridge on the South Bank.The…
Mapeley brings in Morgan Stanley to beef up PFI team
Mapeley, the George Soros-backed consortium set up to bid for the £2bn Inland Revenue and Customs & Excise estate, is gearing up for a big push into corporate outsourcing.Headed by former banker Robin Priest, the group this week appointed Morgan Stanley Dean Witter as financial adviser to beef up its…
‘The Burns and Silver Show’ begins its 17th series
John Burns and Simon Silver buy tired buildings in 'off-pitch' central London for imaginative refurbishment. Clayton Hirst finds out how their simple strategy has led analysts to rate Derwent Valley Holdings as a 'best-run' property company