Property Finance

Pressure from huge bills hits Halabi portfolio | 26 Oct 2009

Commercial property in London worth upwards of £500 million has been placed on the market as Syrian billionaire Simon Halabi seeks to settle an enormous bill for loans and unpaid ......

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Developer Minerva secures major debt restructuring | 28 Sep 2009

London-based property developer Minerva have successfully managed to restructure £750 million of debt, gaining two years of breathing space in the process. Having been particularly badly hit by the credit crunch, ......

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China Investment Corp takes up Songbird share issue | 12 Sep 2009

Songbird Estates has been saved from bankruptcy by the world’s largest sovereign wealth fund, the China Investment Corporation.Songbird is the majority owner of Canary Wharf, the huge development in London’s ......

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Hammerson losses mount as chief executive leaves | 05 Aug 2009

Property development and investment group Hammerson have announced the departure of their CEO, John Richards.The news coincides with the release of poor business results; losses for the group doubled for ......

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Citypoint Tower 'in negative equity' | 17 Jul 2009

Ratings agency Moody’s has warned that the Citypoint tower in London is valued at far less than the cost of its loan, which is ‘very likely to default either during ......

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Land Securities sells One Wood Street | 08 Jul 2009

Land Securities, the biggest property company in Europe, has completed its sale of 1, Wood Street, to the fund manager Aerium Finance. The London property houses over 175,000 square feet ......

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Tycoon Halabi 'defaults on giant loan' | 06 Jul 2009

Billionaire property tycoon Simon Halabi has reportedly defaulted on £1.15 billion of loans on his London property portfolio. Prices for commercial property in the capital have fallen by around 40 ......

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Major office deals raise cash and hopes | 05 Jun 2009

Two significant office building deals have raised expectations for London’s commercial property market. So far this year, sales of commercial property have been the lowest on record. However, the deals being ......

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Hammerson signs another 45000 square feet | 03 Jun 2009

European real estate company Hammerson has secured a further three tenants for its 125 Broad Street development in London, adding another 45,000 square feet of let space to its books.The ......

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Henderson to invest in central London office space | 16 May 2009

Asset management company Henderson Global Investors is to create a second fund to take advantage of current commercial property prices in central London. The fund, named CLOF II (Central London Offices ......

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