UK Business Property - RSS FeedCommercial Property NewsRBS appoint Cushman & Wakefield to market 800 million office portfolio- October 11, 2007 Royal Bank of Scotland is plotting to sell off £800 million of property, including the landmark Coutts building on London's Strand, in a sale and leaseback deal.Europe’s second-biggest bank has hired Cushman & Wakefield, the cohttp://www.ukbusinessproperty.co.uk/news/article/295 Confidence seeping back into debt markets as HBOS backs 600 million hotel deal- October 11, 2007 A property fund backed by Sir Alex Ferguson, the Manchester United manager, and Simon Cowell, the pop impresario, looks set to acquire 37 hotels in two separate transactions worth about £600 million. The property investment firm, aAIM, ihttp://www.ukbusinessproperty.co.uk/news/article/294 Darling fails to please REIT's supporters by not moving towards residential REIT's- October 10, 2007 Reita, the UK education and awareness campaign for real estate investment trusts and other property investment, has welcomed the approving comments made about Reits by Chancellor Alistair Darling in his Pre-Budget Report yesterday, but is urging the goverhttp://www.ukbusinessproperty.co.uk/news/article/292 Lambert Smith Hampton upbeat about Bristol and Swindon commercial property demand- October 10, 2007 The M4 corridor in the West is shrugging off a slowdown in the UK commercial property market as developers and investors continue to target the region.New research shows strong activity in the office sector with Swindon enjoyed a marked recovery while Brihttp://www.ukbusinessproperty.co.uk/news/article/291 Bank of England make Northern Rock safest retail bank in UK and say liquidity should be key in regulation- October 10, 2007 Temporary measures put in place following the crisis over Northern Rock last month must evolve into permanent reforms if a similar situation is to be avoided, Bank of England Governor Mervyn King said yesterday.Speaking on the same day authorihttp://www.ukbusinessproperty.co.uk/news/article/293 Sainsbury family would veto Delta 2 deal if pension trustees aren't happy- October 9, 2007 The Sainsbury family would block a 10.6 billion pound bid for retailer J Sainsbury if bidder Delta Two failed to strike a deal with pension trustees, a source familiar with the matter saidThe family, pivotal in scuppering a CVC-led approach thhttp://www.ukbusinessproperty.co.uk/news/article/289 Stake building in British Land by Saudi fund pushes prices up 5% today.- October 9, 2007 Shares in British Land rose 5 percent and are among the top gainers on the FTSE 100 today as traders cited talk of a Saudi fund building a stake in the UK property company. British Land declined to comment. More than 9 million of shares werehttp://www.ukbusinessproperty.co.uk/news/article/290 CLS Holdings raises 101 million at 5.34% as swap rates give oxygen to commercial property patient.- October 8, 2007 Property firm CLS Holdings said today it had secured a £101.2 million facility to refinance debt raised against its Spring Gardens office property in central London.The new facility was provided by Eurohypo AG and reduces thehttp://www.ukbusinessproperty.co.uk/news/article/287 Metnor Property announce 40million mixed use regeneration project in Newcastle- October 8, 2007 Over 1,000 jobs are expected to be created in the region after plans were unveiled for a £40m mixed-use development in Newcastle.A seven-and-a-half acre site in Shieldfield, in the east of the city, has been chosen for development into ohttp://www.ukbusinessproperty.co.uk/news/article/286 Sainsburys board set to recommend Delta 2 deal- October 8, 2007 Sainsbury is preparing to accept a revised takeover offer from the Qatari investment fund Delta Two, according to weekend press reports. The £10.6bn offer could be tabled this week after Delta Two finished examining the retailer's books. Bankers comhttp://www.ukbusinessproperty.co.uk/news/article/288 |