Bridget O’Connell
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Smyth loses control of UK portfolio
Irish entrepreneur Noel Smyth has lost his battle to retain control of his UK property portfolio after failing to repay £180m of debt
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LandSec’s retail ‘will survive’
Land Securities chief executive Rob Noel says the REIT’s retail portfolio is on track to weather changes in the sector
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Operating costs hike hits C&W first quarter
Cushman & Wakefield posted a loss of $18.7m (£11.7m) in the first quarter of 2012, nearly double that reported last year, after a 7% hike in operating costs.
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Colliers’ £150m-plus debts revealed
Colliers International UK had amassed debts of more than £150m when it was sold for £13.8m in a prepack administration in March.
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Smyth Alburn set for sell-off
Irish entrepreneur Noel Smyth has lost control of his UK property portfolio after failing to restructure or repay around £180m of outstanding debt
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LandSec delivers 4.5% NAV rise
Land Securities has delivered a 4.5% hike in adjusted net asset value to 863p a share in a solid set of full-year results
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CBRE wins Lloyds mandate
CBRE has been appointed by Lloyds to provide transactional advice across its 20m sq ft portfolio, replacing JLL
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Marcus makes move to enhance Evans
ian Marcus is expected to lead a new phase of growth as UK managing director of private property investor and developer Evans Property Group
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‘Time-tested veteran’ Sulentic to take the lead at CBRE
CBRE chief executive Brett White is handing over the reins of the world’s largest property agent to “time-tested veteran” Robert Sulentic
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CBRE says values decline is slowing
UK property values continued their slow decline in April, falling 0.3% during the month, according to CBRE.
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Recovery of £900m Kaupthing loan book slows
Kaupthing Singer Friedlander has recovered just half of its £900m property loan books four years after its collapse
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GPE adds $200m to war chest
Great Portland Estates has tapped up the bond market for a second time in as many years, raising $200m (£128m) through the US private placement market