UK Business Property - RSS FeedCommercial Property NewsFirst decline in Savills Commercial Property Development Index in over 4 years- December 13, 2007 Commercial development declined in November for the first time in four and a half years, and the situation could get worse, according to research from Savills.22% of developers reported a drop in activity in November, compared to just 12% that reported ahttp://www.ukbusinessproperty.co.uk/news/article/411 RICS say house prices continue to fall despite tight supply- December 13, 2007 House prices have continued to fall for the fourth month in a row, says the Royal Institution of Chartered Surveyors.Its latest report reveals that house prices are down, even with supply remaining tight - a fact which would traditionally seehttp://www.ukbusinessproperty.co.uk/news/article/412 US based global property firm Hines buys into West End office market- December 12, 2007 The London office of Hines, the international real estate firm, announced today that the Hines Pan-European Core Fund has acquired from Arab Investments its first asset in the London office market – a prime West End office building located at 15 Sufhttp://www.ukbusinessproperty.co.uk/news/article/410 Aberdeen Asset Management plan to buy UK commercial property next year- December 12, 2007 ABERDEEN Asset Management is planning to launch a British property fund, with the aim of buying into the commercial property market.The firm, which employs 85 of its 1441 worldwide staff at Haymarket, plans to launch the fund next year, to buyhttp://www.ukbusinessproperty.co.uk/news/article/409 Oldham Athletic to get new stadium as plans for 80 million Boundary Park redevelopment are passed- December 12, 2007 Fans and officials of Oldham Athletic were celebrating today after £80m plans to redevelop the club's ground were finally given the green light. Last month councillors rejected the proposals sparking fears it could be the end of thehttp://www.ukbusinessproperty.co.uk/news/article/408 Thames Gateway chief resigns as plans seen as inadequate following Public Accounts Committee attack.- December 11, 2007 The woman in charge of delivering Thames Gateway, the £9bn regeneration scheme at the heart of the government’s housing growth strategy, has left after a year in the job, according to senior Gateway sources.Judith Armitt, the chiefhttp://www.ukbusinessproperty.co.uk/news/article/407 New Star reflects commercial property value correction - a fall of 17.8% since July- December 11, 2007 Correction of the UK commercial property market has forced New Star Asset Management to slash the value of its top selling £2 billion property unit trust by 8.2 per cent. The fund has now fallen in value by 17.8% since the end of Juhttp://www.ukbusinessproperty.co.uk/news/article/406 LloydsTSB to post better than expected results as profits rise 11%- December 10, 2007 Lloyds TSB said its underlying profits are on track to grow 11 percent this year but the bank will take a £200 million hit from exposure to credit market problems.Lloyds, the country's fifth biggest bank, said on Monday it was "firmhttp://www.ukbusinessproperty.co.uk/news/article/405 UK commercial property volumes fall 24% in 2007 and 60% in Q4 say Jones Lang LaSalle- December 10, 2007 Commercial property transactions have fallen significantly across all sectors, with real estate consultancy Jones Lang LaSalle predicting a 24% fall in total UK investment to about £48 billion in 2007.The downturn reflects the continuinghttp://www.ukbusinessproperty.co.uk/news/article/404 Conygar Investments post strong results with NAV up 45% and a warchest of cash to hand- December 10, 2007 Conygar Investment Company PLC posted a full year rise in pro forma net asset value and pretax profit and said it is well positioned financially to take advantage of the current credit and property market difficulties with its pipeline.The prohttp://www.ukbusinessproperty.co.uk/news/article/403 |