LaSalle Acquire Tesco Foodstore Adjacent Oxford Shopping Park

http://www.wilkinsonwilliams.co.uk/

LaSalle Acquire Tesco Foodstore Adjacent Oxford Shopping Park

HSBC, a client fund of LaSalle Investment Management acquired the Tesco supermarket adjacent to its existing Oxford Shopping Park for a price of £35.959m reflecting a net initial yield of 4.9%, an equated yield of 5.6% and a reversionary yield of 7.81% based upon the assumed RPI uplifts throughout the term from Tesco. The property is let to Tesco Stores Limited with a guarantee from Tesco PLC for a period of 20 years from completion subject to a tenant’s option to extend the term for up to an additional 30 year term at a rent equating to £25.00 per sq ft. The supermarket extends to approximately 65,000 sq ft together with surface car parking for 510 customer cars. Wilkinson Williams acted for LaSalle.

Frankfurt property market in freefall

Frankfurt property market in freefall
BY EDWARD HARRISON / ON 26 AUGUST 2008 AT 13:00 /

As far back as May, I had warned that commercial property was destined for a bust — collateral damage in the real economy. In particular, I mentioned the U.S. commercial real estate (CRE) market as a particular problem for local and regional banks, which have large exposure to the CRE market. In May, I also mentioned incipient declines in the London commercial property market.

http://www.creditwritedowns.com/2008/08/frankfurt-property-market-in-freefall.html

Tesco sells 13 stores and a depot for £600m to fund expansion plans

http://www.guardian.co.uk/business/2008/aug/22/tesco.supermarkets

Tesco sells 13 stores and a depot for £600m to fund expansion plans

· Deal is part of five-year plan to raise £5bn
· Properties leased back with rents linked to RPI

Julia Finch, City editor
The Guardian, Friday 22 August 2008

Tesco is selling 13 stores and a depot to raise cash to fund expansion. The supermarket group has agreed sale and leaseback deals with property investors to raise more than £600m to fund growth.

Russian Oil Companies to Use New Reserve Classification From 2009 – Trutnev

http://www.redorbit.com/

Russian Oil Companies to Use New Reserve Classification From 2009 – Trutnev
July 11, 2008

ARKHANGELSK. July 11 (Interfax) – Russian oil companies will move to a new oil reserve classification beginning in 2009, Natural Resources Minister Yury Trutnev said.

Market Boundaries - San Francisco

http://www.studley.com/research-documents-search-results.htm?l=San Francisco

Market Boundaries - San Francisco

PDF map showing definition of market boundaries as used in reports

http://www.studley.com/research-documents-search-results.htm?l=San Francisco

Fuel from Algae

Business
Fuel from Algae
A startup's new process could make fuel from algae as cheap as petroleum.

Friday, February 22, 2008
By Kevin Bullis

Green fuel: A startup has developed a method for converting the algae shown here into fuel.
Solazyme

Real-Estate Credit Crisis Squeezes Macklowe

February 1, 2008
Real-Estate Credit Crisis Squeezes Macklowe

BY JENNIFER S. FORSYTH

New York real-estate titan Harry Macklowe has reached a tentative agreement with his lender to turn over effective control of seven Manhattan office buildings he acquired less than a year ago for $7 billion, according to people familiar with the matter.

http://online.wsj.com/article/SB120181345769733089.html

Jersey Property Unit Trusts

Jersey Property Unit Trusts
January 2008

Unit Trusts

A Unit Trust is a legal structure where the legal ownership of trust assets is held by a Trustee on trust for the benefit of unitholders. Unit Trusts may be established in Jersey subject to the provisions of the Trusts (Jersey) Law 1984. Under Jersey law, a Unit Trust must be constituted by a written trust instrument. The Unit Trust instrument sets out the terms on which the Trustee holds the Unit Trust assets.

Russian Classification of Reserves

From http://www.novatek.ru/eng/news_center/clas/

Russian Classification of Reserves

The estimation of reserves of natural gas, gas condensate and crude oil can be broken down into two components: (i) geological reserves, or the quantities of natural gas, gas condensate and crude oil contained in the subsoil and (ii) extractable reserves, or the portion of geological reserves whose extraction from the subsoil as of the date the reserves are calculated is economically efficient given market conditions and rational use of modern extraction equipment and technologies and taking into account compliance with the requirements of subsoil and environmental protection.

Blls and coins

Blls and coins

Description	Clipart of bills and coins
Date	January 16, 2008
Source	Wikimedia Commons
Author	Unknown (original PNG). This vectorization by Mysid
Camera location	.
Permission	Public Domain
Licensing	The copyright holder of this work has released this work into the public domain. This applies worldwide. In some countries this may not be legally possible; if so: The copyright holder grants anyone the right to use this work for any purpose, without any conditions, unless such conditions are required by law.

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From Wikimedia Commons http://commons.wikimedia.org/