UK Business Property - RSS FeedCommercial Property NewsBritish Land hit after pulling sale of Meadowhall stake- October 5, 2007 Shares in British Land dropped 3 percent in early trading after the second largest real estate investment trust (REIT) postponed a part-sale of its flagship retail property asset, citing uncertainty in financial markets.The stock fell to 1,129http://www.ukbusinessproperty.co.uk/news/article/284 Knight Frank say Crossrail will create new London property hot spots- October 5, 2007 The Government's decision to give the £16bn Crossrail project the go-ahead will prompt a number of new property hot spots, according to estate agent Knight Frank.The new express rail link will run from Maidenhead, west of London, throughhttp://www.ukbusinessproperty.co.uk/news/article/285 Bank of England keeps Base Rate at 5.75%, but says it believes rates could come down next month- October 4, 2007 The Bank of England kept official interest rates steady for a third month running today, but many people expect it will cut them later this year as a credit crunch in global markets starts hitting the wider economy.All 56 analysts polled by Rehttp://www.ukbusinessproperty.co.uk/news/article/283 DTZ warn of approaching fiasco in commercial property business over energy certificates- October 4, 2007 After the HIPS fiasco in the residential property market this year, next year may have something much worse in store for the commercial property market. Property consultants DTZ claims the UK Government will underperform on Energy Certificates because nothttp://www.ukbusinessproperty.co.uk/news/article/282 Marstons results offer no surprises and chief says No to REIT status for creation of long term value- October 4, 2007 British pub group Marston's does not plan to convert into a low-tax real estate structure, as it believes owning freehold property is the best way to create value, its chief executive said on Thursday."We have no plans to enter intohttp://www.ukbusinessproperty.co.uk/news/article/281 Bank of England expect drop in commercial property borrowing in last quarter of 2007- October 3, 2007 The Bank of England’s third-quarter survey of credit conditions, published today, conforms what many British businesses have already gauged, through their own credit lines if not through the headlines. Lenders polled by the Bank, between 20 August ahttp://www.ukbusinessproperty.co.uk/news/article/279 RBS appoint CBRE to market 650 million portfolio of 4 hotels from failed Vector Hospitality deal- October 3, 2007 Royal Bank of Scotland is heading back to Britain's buffeted commercial property market in a third attempt to sell a £650 million portfolio of hotels, sources said today.RBS has appointed global property services firm CB Richard Ellis&nbhttp://www.ukbusinessproperty.co.uk/news/article/280 Tesco UK growth hurt by wet summer but global profits up 14.3% none the less- October 2, 2007 Tesco, the world's third largest retailer, reported a slowdown in growth in its core British market in the half year, but total sales in its international business grew by 23.1 percent.Sales excluding fuel at Tesco's UK stores open at least ahttp://www.ukbusinessproperty.co.uk/news/article/277 US hedge fund increases stake in Erinaceous to 18%- October 2, 2007 Property services firm Erinaceous came under further pressure today as U.S. hedge fund Fursa Alternative Strategies trebled its stake in the company to 18 percent. News of the holding , which was acquired last week has today been notified to thttp://www.ukbusinessproperty.co.uk/news/article/278 Quintain Estates buys another 12.9 acres of Wembley for 85 million- October 1, 2007 Quintain Estates and Development has bought the 12.9 acre Wembley Retail Park from The Junction Ltd Partnership for £85m, which Quintain will fund from its existing corporate facilities.The acquisition of Wembley Retail Parkhttp://www.ukbusinessproperty.co.uk/news/article/273 |