UK Business Property - RSS FeedCommercial Property NewsJones Lang LaSalle buys French office services business - the 9th such purchase this year- November 30, 2007 Jones Lang LaSalle yesterday announced the acquisition of Group Tétris, the leader in office design, site management and business relocation in France. Through this acquisition, Jones Lang LaSalle reinforces its abilityhttp://www.ukbusinessproperty.co.uk/news/article/375 Warner Estates swings to first half loss on correction of commercial property values.- November 30, 2007 Warner Estate Holdings PLC swings to a first-half pretax loss due to a reduction in property values reflecting the correction in commercial property values.For the first half year to end-September, the property investment and management companhttp://www.ukbusinessproperty.co.uk/news/article/373 US REIT Behringer Harvard in joint venture with Hunter Property Fund Management buy 81-90 Cheapside- November 30, 2007 Behringer Harvard has taken a leasehold interest in Becket House, its first asset in the United Kingdom, according to a company statement. “Becket House is a prime real estate asset in a market that has a history of strong performance,&rhttp://www.ukbusinessproperty.co.uk/news/article/376 Aberdeenshire Council reject Trump golf development plans on casting vote- November 30, 2007 Trump's plans for a £1 billion golf resort and complex in Aberdeenshire were today thrown out by councillors. The US property tycoon's planning application for Trump International Golf Links Scotland was rejected by members of Aberdeenshirehttp://www.ukbusinessproperty.co.uk/news/article/374 Marstons full year profits down 3.5% after poor summer intend to keep property assets in the business- November 30, 2007 Marston’s, the brewer and pub operator, today reported a 3.5 per cent fall in pre-tax profits to £98 million in the year to September 29, due mainly to higher interest costs from a share buyback programme and poor summer weather.Unhttp://www.ukbusinessproperty.co.uk/news/article/377 New Zero Carbon community planned for Thames Gateway and funds to "green" existing homes.- November 29, 2007 Yvette Cooper announces plans for new zero-carbon community and offers householders £15m to "green" existing homesPlans to construct a new "eco-quarter" and spend money greening existing homes in the Thames Gateway hahttp://www.ukbusinessproperty.co.uk/news/article/370 Competition Commission forces Tesco to sell Slough site of former Co-op- November 29, 2007 The Competition Commission has decided that Tesco will be required to sell the site it acquired when it bought a former Co-op store in Slough.In its final report,the Commission has concluded that the acquisition of the Co-op store on Uxbridge Road,http://www.ukbusinessproperty.co.uk/news/article/369 100 million redevelopment of Liverpool Hope Street unveiled- November 29, 2007 Liverpool's Georgian Hope Street is to be transformed by four new developments featuring office space, a boutique hotel, bars and restaurants and luxury apartments, with a total estimated end value of £100m.Maghull Developments is behindhttp://www.ukbusinessproperty.co.uk/news/article/371 M&B take 155million hedging hit to post a 48 million pre-tax loss, yet still consider a REIT structure.- November 29, 2007 Pub company Mitchells & Butlers is giving “serious consideration” to a deal with property investor Robert Tchenguiz, it said today.The All Bar One and O'Neill’s owner has in recent weeks revived talks with Tchenguiz thhttp://www.ukbusinessproperty.co.uk/news/article/372 Segro second half continues strongly as it waits for coming opportunities.- November 28, 2007 Segro PLC said its operating performance has continued strongly and it is well placed to take advantage of the opportunities "likely to arise over the coming months". In a trading update it said it had made around £400 million of acquisithttp://www.ukbusinessproperty.co.uk/news/article/366 |