
Industry News | Property Finance |
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Land Securities and Canary Wharf Group Strike Deal on the Walkie-Talkie | 23 October 2010
In a joint venture, Land Securities and Canary Wharf Group have completed on an agreement to build the ‘Walkie-Talkie’ skyscraper, located at 20 Fenchurch Street. In the period May t ...
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Battersea Power Station receives financial reprieve | 15 October 2010
The redevelopment of Battersea Power Station is more likely to go ahead after Irish owners Real Estate Opportunities (REO) secured a deferment of their loan repayments. After purchasing the power stat ...
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Hammerson buys Halabi's White Tower building | 13 June 2010
REIT Hammerson has purchased an office building that previously formed part of billionaire Syrian Simon Halabi’s White Tower portfolio. The Leadenhall Court building, on the corner of Leadenhall ...
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Pressure from huge bills hits Halabi portfolio | 26 October 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 taxes.
The sel ...
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Developer Minerva secures major debt restructuring | 28 September 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 ...
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China Investment Corp takes up Songbird share issue | 12 September 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 developmen ...
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Hammerson losses mount as chief executive leaves | 05 August 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 ...
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Citypoint Tower 'in negative equity' | 17 July 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 its term or on its matu ...
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Land Securities sells One Wood Street | 08 July 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 of office spa ...
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Tycoon Halabi 'defaults on giant loan' | 06 July 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 ...
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