UK Business Property - RSS FeedCommercial Property NewsGresham House receives EGM call from Parkwood to remove entire Board over mismanagement- December 5, 2007 Investment trust Gresham House plc said it has received requisitions from shareholders to hold an EGM, seeking the removal of its chairman Alfred Stirling and directors R E Lane, A G Ebel and N J Rowe with immediate effect. Robert Mexted-led Phttp://www.ukbusinessproperty.co.uk/news/article/389 Ishaan Real Estate plc reports good prospects in Indian commercial property- December 5, 2007 Ishaan Real Estate PLC, which invests in Indian real estate development projects located in southern and western India, said for the first half ended Sept 30, pretax losses stood at £546,000 arising from investment advisory fees and provisionhttp://www.ukbusinessproperty.co.uk/news/article/391 Shaftesbury report earnings down 5.7% and NAV up 9.5%- December 5, 2007 Shaftesbury PLC, the property investment company, which converted to REIT status earlier this year, saw its full-year adjusted pretax earnings decline 5.7% due to higher property and interest charges arising from high levels of asset management and refurbhttp://www.ukbusinessproperty.co.uk/news/article/390 Latest SVA Edinburgh Auction commercial property sells well compared to residential lots- December 5, 2007 SVA Property Auctions has sold the biggest ever Scottish property lot as its final auction programme of 2007 hit record levels. The Edinburgh-based business pulled in record auction sales of more than £6.3 million from its last session, ihttp://www.ukbusinessproperty.co.uk/news/article/392 Greene King report H1 profits up and say debt market conditions make REIT structure less atractive- December 4, 2007 Greene King PLC said changes in the property and debt markets make a planned opcopropco structure for its un-securitised pubs 'relatively less attractive', though the group is keeping the plans under review along with alternative options.Thehttp://www.ukbusinessproperty.co.uk/news/article/385 Valad finally buys remaining share of Teesland from Polygon on Polygon's terms- December 4, 2007 Valad Hurst Ltd is in an agreed recommended 191 pence per share cash offer to acquire Teesland PLC, valuing the company at about £239.95 million.Valad currently owns about 72.33 pct of Teesland.It has received a pre-completedhttp://www.ukbusinessproperty.co.uk/news/article/384 Confidence in commercial property market holds up well compared to residential property market.- December 4, 2007 Confidence in the residential market has dropped at a far sharper rate than within the commercial sector, according to Smith & Williamson. The research conducted amongst professional property firms focused in on economic, financial and plannhttp://www.ukbusinessproperty.co.uk/news/article/387 Despite current difficulties Schroders say the floor in institutional market is in sight- December 4, 2007 The shadow of the property crash of the early 1990s is looming over the industry as deal volumes collapse to a third of their previous level and property funds take further drastic steps to maintain liquidity.Gloom has pervaded the UK propertyhttp://www.ukbusinessproperty.co.uk/news/article/388 Town Centre Securities sell 2 schemes to J. Sainsbury for 30 million- December 4, 2007 Town Centre Securities PLC, the Leeds based property investment and development REIT, has sold retail properties at The Malthouse and Fisherton Street in Salisbury along with development property in West Yorkshire to J Sainsbury Plc for £29.9mhttp://www.ukbusinessproperty.co.uk/news/article/386 Knight Frank report record year as 38 partners enjoy average 1.1 million earnings each- December 3, 2007 Knight Frank said that, overall, in the financial year to April 30, 2007, turnover rose by 32% to £284.4m and underlying group operating profits increased by 67% to £59.6m.In total its staff will now share in a £51.4m bonuhttp://www.ukbusinessproperty.co.uk/news/article/381 |