UK Business Property - RSS FeedCommercial Property NewsCBRE say west end of London almost double City rents for first time ever- November 28, 2007 CB Richard Ellis in its ‘City and West End Differentials’ report it said that the soaring cost of renting space in St James and Mayfair over the last three years had left those markets twice as expensive as renting in the City.&lsqhttp://www.ukbusinessproperty.co.uk/news/article/368 Designs of Venture Extreme addition to 1.5 billion Silvertown Quays Docklands redevelopment released- November 28, 2007 Further progress towards the £1.5 billion redevelopment of Silvertown Quays, the future home for the acquarium Biota! and now the Venture Extreme surf centre, has been announced.The London Borough of Newham granted outline planning permihttp://www.ukbusinessproperty.co.uk/news/article/367 Big Yellow Storage in expansion joint venture with Pramerica despite 21% fall in first half earnings- November 27, 2007 Self-storage company Big Yellow has agreed a £150m joint venture with Pramerica Real Estate Investors,the property investment and advisory arm of Prudential Financial,to invest up to £25m and £50m respectively to develop new stores in thhttp://www.ukbusinessproperty.co.uk/news/article/364 Kelly accused of slap in face to City business community by the One London Party over Crossrail- November 27, 2007 The One London party has accused Government Ministers of giving business in the capital a 'slap in the face' after Transport Secretary Ruth Kelly confirmed that London Mayor Ken Livingstone would control the new Crossrail project.One London Lehttp://www.ukbusinessproperty.co.uk/news/article/365 Sol Zakay of Topland explains how he will use his 1 billion warchest to exploit commercial property correction.- November 26, 2007 Private firms can play a vital role in the property market revival, said Topland Group, one of Europe's biggest private real estate investors, which has a 1 billion-pound-plus cash warchest to exploit market woes.In his first newswire interviehttp://www.ukbusinessproperty.co.uk/news/article/363 Punch Taverns deny M&B talks- November 26, 2007 Pub group Punch Taverns has dismissed weekend reports it is interested in a merger with Mitchells and Butlers or has spoken to investors in its rivals about the possibility.“Punch notes the current speculation regarding Mitchells & Bhttp://www.ukbusinessproperty.co.uk/news/article/359 Henry Boot planning major mixed use development in Rotherham.- November 26, 2007 Henry Boot Developments Limited, part of the Sheffield based Henry Boot plc, has completed the purchase of 16 acres of land at Parkgate in Rotherham for a new mixed-use development to be named Northfields Retail & Business Park. The canalside sihttp://www.ukbusinessproperty.co.uk/news/article/361 Invista Foundation Property Trust NAV down 6% in first half year contemplates unloading London office property- November 26, 2007 Invista Foundation Property Trust reported a 6 percent fall in the value of its assets to £673.2 million today and said it could have to make disposals to protect its portfolio from further declines.For the six-month to Sept 30, pretax loss camehttp://www.ukbusinessproperty.co.uk/news/article/358 Capital Economics revise forecast for commercial property to fall 10% in 2008- November 26, 2007 The rapid shift in sentiment towards the commercial property market over the past few months is a signal that the sharp adjustment in yields is well underway,says consultants Capital Economics.By its reckoning property will revert to fair valuhttp://www.ukbusinessproperty.co.uk/news/article/362 Glasgow Princes Square mall sold to Dutch based Redevco for more than 100 million- November 26, 2007 Glasgow's luxury Princes Square shopping centre has been sold for more than £100m to a Dutch real estate firm.The mall, which is home to shops such as Lacoste, Calvin Klein and Ted Baker, fetched £107m in a deal which also includeshttp://www.ukbusinessproperty.co.uk/news/article/360 |