News Archive: 2008

22, 2008 December:

Battersea Power Station shrinks

Treasury Holdings UK has reduced the height of its Battersea Power Station plans by 250 metres...

19, 2008 December:

Billions abandoned in Oz

More than £27.1 billion of property projects in Australia have been abandoned this year due to a lack of finance caused by the global credit downturn...

900,000 Spanish jobs to be lost

The collapse of Spain's house building industry will mean up to 900,000 construction workers lose their jobs by the end of 2009, an industry head said on Tuesday, reinforcing expectations of a bitter Spanish recession...

After 99 years, Woolies closes

The shutters will come down on all Woolworths' 807 stores by January 5th 2009 after Deloitte, administrator to the collapsed variety retailer, failed to find a buyer...

18, 2008 December:

Rewind to 1990

UK commercial property returns for 2008 look set to surpass the landmark losses recorded in 1990, on a real returns basis, according to the latest monthly index...

Sip to reap rewards

Sippable hotel rooms offer high income property for pension investors...

16, 2008 December:

A successful pitch

Developer The Community Stadium has signed a £60 million-plus construction contract with Buckingham Group Construction for the development of a new stadium for Brighton & Hove Albion Football Club...

Hotel hostility

UK hoteliers saw further declines in room rate, occupancy and rooms yield for November...

15, 2008 December:

Dubai: developers talk

Real estate developers in Dubai are in talks with builders over plans to slow the pace of construction to allow them more time to find funding amid the global financial crisis...

12, 2008 December:

Live life in the fast lane

Motorsport legend Michael Schumacher has teamed up with the Laboratory for Visionary Architecture to create the first of seven concept towers to be built worldwide in what has been described as the ‘next step in branded architecture'...