INDUSTRY NEWS

Canary Wharf deal not complete

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The £1 billion purchase of the tallest tower in Canary Wharf has yet to complete – four months after the deal was agreed upon. Royal Bank of Scotland (RBS) agreed to sell 25 Canada Square, current headquarters of Citigroup, to several investors, including private property group Propinvest and Irish financier Derek Quinlan. The Financial Times […]

INDUSTRY NEWS

Great Portland announces positive results

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The general strength of the commercial property sector was underlined yesterday, as UK group Great Portland announced its half-year results. The firm said that its adjusted net asset value increased by 11.1 per cent in the six months to September 30th, and added that its development programme should improve its returns over the coming period. […]

INDUSTRY NEWS

New Canary Wharf office to be most environmentally-friendly

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The new office building currently being constructed on Canary Wharf will be the UK’s most environmentally-friendly, it has been claimed. Five Churchill Place, the new 15-storey European headquarters of investment bank Bear Stearns should receive a Building Research Establishment Environmental Assessment Method (BREEAM) rating of excellent. The office block’s sustainability has been prioritised right throughout […]

INDUSTRY NEWS

UK to run out of landfill space within 9 years

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Britain will run out of landfill space within nine years under its current methods of waste management, new research has claimed During 2005, some 22.6 million tonnes of unrecyclable rubbish was deposited into landfill sites in Britain, the highest out of any other EU country, according to a Local Government Association report into landfill rates. […]