UK Business Property - RSS FeedCommercial Property NewsNorwich Union reported to be close to suspending trading of it's property funds as liquidity concerns mount.- December 3, 2007 Norwich Union and its fund management arm Morley have prepared contingency plans to suspend trading of units in its flagship Norwich Property Trust (NPT) and its other property funds as liquidity concerns mount, according to Citywire.Citywirehttp://www.ukbusinessproperty.co.uk/news/article/383 Sunderland Arc in talks to buy former Vaux brewery site from Tesco after planning battle defeat- December 3, 2007 The battle for Sunderland's former Vaux brewery took a new twist today as it was revealed official negotiations are under way to buy the controversial site from Tesco.Regeneration company Sunderland arc announced it is in formal talks with thehttp://www.ukbusinessproperty.co.uk/news/article/382 Vincent Tchenguiz turns to long term finance to continue UK market acquisitions- December 3, 2007 Vincent Tchenguiz, one of the UK's biggest property magnates, told Reuters yesterday that he has secured around £750 million in debt funding ahead of a planned real estate investment spree.Tchenguiz said his Consensus Group has agrhttp://www.ukbusinessproperty.co.uk/news/article/380 Erinaecous shareholders see value evaporate as dismemberment plans gather pace- December 1, 2007 The share price of UK property services group Erinaceous fell by a third on Thursday as the prospect of a debt-for-equity swap increased. The value of Erinaceous has fallen from £400 million this year to £9 million.The company hashttp://www.ukbusinessproperty.co.uk/news/article/379 Scottish developer AWG Property for sale "at worst possible time"- December 1, 2007 AWG Property, a high profile property developer in Scotland, is being sold by parent company Anglia Water Group at an asking price of over £30 million after its prospects appear to have been weakened by the softening market.The sell-off,http://www.ukbusinessproperty.co.uk/news/article/378 |