UK Business Property - RSS FeedCommercial Property NewsHousebuilder Berkeley report strong first half results.- December 7, 2007 Housebuilder Berkeley, which focuses on London and southeast England, today reported £94.7 million in operating profit for the six months to October 31, up from £70.4 million a year ago,and rise in NAV per share to 705p from 649p.http://www.ukbusinessproperty.co.uk/news/article/399 Largest Northern Ireland property agent created by merger of BTW Shiells and Eric Cairns Partnership- December 7, 2007 TWO of Northern Ireland's leading property agencies have announced their merger. BTW Sheills and the Eric Cairns Partnership,are both well-known and highly respected firms. The announcement is a major development in the Northen Ireland property market whehttp://www.ukbusinessproperty.co.uk/news/article/400 Colliers CRE deny bid rumours that have lifted shares today.- December 7, 2007 Colliers CRE,the battered property consultancy today denied it has received a bid approach after its shares rallied almost 14% in early deals.At 10.08 am, shares were up 13.67 pct or 9.50 pence at 80.45 pence.The shares had plungedhttp://www.ukbusinessproperty.co.uk/news/article/401 UK commercial property derivatives "look cheap" - PRUPRIM- December 7, 2007 UK commercial property derivatives, which are projecting an overall drop in property values of about 15 percent, "look cheap", Paul McNamara, head of research at Prudential's PRUPIM, said today.McNamara, a leading UK real estathttp://www.ukbusinessproperty.co.uk/news/article/402 The Bank of England reduces rates to 5.5%- December 6, 2007 he Bank of England’s Monetary Policy Committee (MPC) has reduced interest rates back down to 5.5 per cent after an economic downturn and falling house prices piled on the pressure. December’s decision was possibly the most speculated one thhttp://www.ukbusinessproperty.co.uk/news/article/398 RBS less damaged by credit crunch than expected, Goodwin says earnings "comparatively unaffected."- December 6, 2007 Royal Bank of Scotland will take a lower-than-expected £1.25 billion hit from a drop in the value of assets after this year's credit crunch and said 2007 profits should be "well ahead" of analysts' forecasts.Britain's sechttp://www.ukbusinessproperty.co.uk/news/article/393 Plans submitted for 25 million Wakefield shopping centre improvement.- December 6, 2007 The Leeds office of DLG Architects has revealed plans for a major revamp of the popular Ridings Shopping Centre in Wakefield on behalf of the centre's managing company, Moorfield Group. The proposed new scheme, worth £25 million, has recently been shttp://www.ukbusinessproperty.co.uk/news/article/394 Local Shopping REIT slips to full year pre-tax loss of 4.3 million- December 6, 2007 The Local Shopping REIT PLC swung to a full-year pretax loss reflecting the loss on value of investment properties and a surge in financing and administrative expenses.For the year to end September, the real estate investment trust reported ahttp://www.ukbusinessproperty.co.uk/news/article/396 Tate2 the new Tate Modern extension receives 50 million government grant- December 6, 2007 Tate Modern received a significant boost for its extension plans on December 5 2007 with the announcement of a £50million capital investment from the Government.Tate Modern is the second most visited tourist attraction in the country, after Blackpoohttp://www.ukbusinessproperty.co.uk/news/article/397 Quintain's Birmingham City Park Gate scheme receives outline planning consent.- December 6, 2007 This September Quintain acquired Countryside Property PLC's interest in City Park Gate, thereby obtaining full control of this 1m sq ft development. The granting of the Section 106 agreement concluded the outline planning consent for 1m sq ft of mixed-usehttp://www.ukbusinessproperty.co.uk/news/article/395 |