Estates Gazette 1212 – 24 March 2012

Editor’s comment5 Could it be a Super Tuesday for property?   News29 Native primes £1bn resi drive29 English cities fund pushes forward with new Rathbone Market plans30 Easter cracks under £80m debt30 Westminster in residential rethink30 Blackstone swoops on Devonshire Square 30 Budget 2012: Industry reaction31 Budget 2012: Feeble Budget fails to cheer sector31 Budget 2012: Angst over impact of stamp duty hike to 15%31 Budget 2012: No-go for mortgage REITs 32 Bacon hands C&W reins to sant’Albano32 Store closures loom as quarter day arrives32 Hammerson bags M&S and Vue for Manor Walk33 Nathoo seals Splendid deal for trinity site33 Adelphi heads back to market as DWP exits33 Freud gets off couch to buy West End block33 Lend Lease trumpets Elephant tower proposals34 McKillen v Barclays battle begins34 Developer forced to repay deposits over building delay34 Hammersmith adopts vision for Earls Court urban quarter34 US Embassy raises £35m with homes sale36 Developer faces ruin over £10m Anglo Irish personal guarantee36 City boost as 1m sq ft of offices approved36 Euro Car Parts millionaire builds resi portfolio36 Arsenal pitches plans for student digs Finance39 Canadian giant prepares to snap up Colliers 39 Warning over €700m debt gap39 Hammerson chief takes home £1.2m40 Cordea Savills appoints debt specialist duo40 Four Seasons gets debt help40 Patron Capital hires Lloyds’ Collins for year-long £1bn European spree42 Who will be  2012’s financial gold medallists? Auction news45 Irish residential prices fall by 68% 45 Prime Chelsea flats up for grabs   Comment52 Liz Peace: Anachronistic rights of light generate plenty of heat, but little illumination52 The Big Question 54 Reality check: Peter Bill56 Round table: Capital ideas from MIPIM58 Nick Hood: Improved profits don’t lead to healthier housebuilders58 Your view   In depth60 Empty rates investigation   Interview64 Portman’s Bill Moore: from war zone to Marylebone Focus: Offices73 The traditional business park is pretty much dead76 Not enough speculative building to meet demand80 Energy Act could reduce saleability of office stock Practice and law84 Dilapidations Protocol: requirements for disclosure87 Commercial rent arrears recovery88 Mainly for students: concurrent, overriding and future leases90 Planning notes 91 Legal notes92 Case summary: Corby Borough Council v Scott93 Case summary: Dhand v Oakglade Investments Ltd94 Law report: Stenau Properties Ltd v Leek99 Law report: Humber Oil Terminals Trustee Ltd v Associated British Ports   EG Life109 Suicides rise, but help is at hand 111 How to… manage your e-mails118 McBains team drops in118 Archie runs at the double for RNIB118 Networking without MIPIM118 Agent offers young artists a sporting opportunity122 Diary