UK Business Property - RSS FeedCommercial Property NewsBristol 300 million Science Park plans approved- December 21, 2007 Another important step was made towards realising the £300 million science park proposed for Emerson's Green in Bristol last night, with the Council's approval of the latest plans.This takes the project into the final stages of planning,http://www.ukbusinessproperty.co.uk/news/article/434 Friends Provident leads downward spiral for property funds in blocking the exit doors to investors- December 21, 2007 The crisis in the commercial property investment market intensified last night as Friends Provident froze its £1.2billion flagship fund after a rush for the doors by investors over the past three weeks, in the first such move in the sector.brhttp://www.ukbusinessproperty.co.uk/news/article/432 Whittaker takes stake in Pinewood studios as new development is announced- December 20, 2007 John Whittaker, the publicity-shy property entrepreneur, has taken a 12.3% stake in Pinewood Shepperton, becoming the film studio's second-largest shareholder.Mr Whittaker, who spends much of his time in the Isle of Man, is known for spottihttp://www.ukbusinessproperty.co.uk/news/article/431 Fitch Ratings say large amounts of bank debt will be difficult to source in 2008- December 20, 2007 Fitch Ratings, the US based global provider of credit ratings said its overall rating outlook for European property companies is broadly stable, as the larger rated property companies and Real Estate Investment Trusts (REITs) have sound balance shttp://www.ukbusinessproperty.co.uk/news/article/430 Metro Shopping Fund sells London's Victoria Place shopping centre for 92.5 million- December 20, 2007 The Metro Shopping Fund (Metro), the 5050 London based retail joint venture between Land Securities and Delancey,announced today that it has exchanged contracts for the sale of the Victoria Place shopping centre, London SW1 for £92.5m to Ewarthttp://www.ukbusinessproperty.co.uk/news/article/429 77 million St Austell regeneration to be funded by HBOS- December 19, 2007 HBOS and David McLean Developments, the developer based in North Wales,are spearheading the £77m regeneration of St Austell, an old market town on the Cornish Riviera. Bank of Scotland is providing funding for the mixed-used redevelopmenhttp://www.ukbusinessproperty.co.uk/news/article/428 Wolverhampton's 300 million Summer Row focal point building unveiled- December 19, 2007 Multi Development UK, the Belfast based developer, has unveiled an artist's impression of the iconic building that will form the focal point of Wolverhampton's £300 million Summer Row development.The three-storey building, designedhttp://www.ukbusinessproperty.co.uk/news/article/423 HBOS devalues commercial property funds in line with market now down 19% on year- December 19, 2007 Halifax and Clerical Medical’s property funds were yesterday devalued as commercial property continues to suffer.On an annualised basis, UK commercial property has recorded a 19 per cent fall in capital values and investment managers have to ehttp://www.ukbusinessproperty.co.uk/news/article/424 HBOS fund Spencer Holdings 200 million warchest- December 19, 2007 Liverpool commercial property owner Spencer Holdings has secured £200m of debt funding to aid its UK-wide expansion bid.Bank of Scotland Real Estate, Liverpool is providing the finance for the firm to grow its national property portfoliohttp://www.ukbusinessproperty.co.uk/news/article/426 Ptarmigan Property shareholders vote to wind up and take cash- December 19, 2007 Ptarmigan Property Limited, which gave investors indirect access to the property trading market, including land development, held an EGM today in order offer Shareholders the opportunity to wind the business up. Shareholders have voted to do this and ahttp://www.ukbusinessproperty.co.uk/news/article/427 |