UK Business Property - RSS FeedCommercial Property NewsSchroders cut property fund unit values to stem rush to the doors- November 24, 2007 Schroders has cut the value of units in its £2bn property unit trust by 12.5 per cent as growing numbers of investors seek to pull their money out of the commercial real estate sector, which follows M&G's decision to block immediate redemptionshttp://www.ukbusinessproperty.co.uk/news/article/357 Punch Taverns planning 5 billion swoop on lame M&B- November 24, 2007 Punch Taverns, Britain’s biggest pub company, is considering a daring £5 billion-plus bid for Mitchells & Butlers (M&B), the owner of the All Bar One and Harvester chains,we have learnt.M&B’s fortunes have fallenhttp://www.ukbusinessproperty.co.uk/news/article/356 RBS and Santander sell property assets with remarkable speed.- November 23, 2007 RBS through it's advisers, Cushman & Wakefield, have with remarkable speed in today's market, engineered the sale and leaseback of a 2.1m sq ft portfolio of 63 properties worth £800 million, which is three-quarters offices and a quarter highhttp://www.ukbusinessproperty.co.uk/news/article/355 DCLG failing to manage Thames Gateway regeneration project say Public Accounts Committee- November 22, 2007 According to the Public Accounts Committee, the regeneration of Thames Gateway risks becoming a public spending ‘calamity’ because the Department for Communities and Local Government (DCLG) is unable to manage the project.It said thttp://www.ukbusinessproperty.co.uk/news/article/352 Commercial property market yet to reach point of maximum pessimism says Property Head at Thames River- November 22, 2007 Commercial property is yet to reach "the point of maximum pessimism" amid widespread fears of heavy price falls next year, according to one of the industry's most highly regarded fund managers.phttp://www.ukbusinessproperty.co.uk/news/article/353 GVA Grimley has sold minority stake to LloydsTSB as it plans to convert from LLP to LTD- November 22, 2007 GVA Grimley,the seventh largest commercial property consultancy in the UK according to revenue, is preparing for an eventual initial public offering after selling a minority stake for £40m to Lloyds TSB Development Capital (LDC).The dealhttp://www.ukbusinessproperty.co.uk/news/article/354 Donald Trump gets initial approval for 1 billion golf based development near Aberdeen- November 21, 2007 DONALD Trump last night overcame the first major obstacle to his dream of building a £1 billion golf resort in Scotland.But councillors in Aberdeenshire only gave the US tycoon's controversial development the go-ahead by seven votes to fhttp://www.ukbusinessproperty.co.uk/news/article/351 Ciref results almost meet expectations for year with profits of 5.59 million- November 21, 2007 Ciref Ltd reported a higher pretax profit for the full year reflecting a strong performance across the business, but said the short-term outlook for the UK property sector is 'mixed', with concerns over the 'credit crisis' affecting trading conditions.brhttp://www.ukbusinessproperty.co.uk/news/article/350 Erinaceous looking for alternatives to administration as debt burden erodes viability- November 21, 2007 THE hedge fund Fursa, which has built up an 18% stake in crisis-hit property services group Erinaceous, has approached Keith Hamill, former finance director of WH Smith, to take charge of the struggling company.Hamill, 55, is a director of stohttp://www.ukbusinessproperty.co.uk/news/article/349 One third of UK commercial property in foreign ownership after 50% increase in past 7 years- November 21, 2007 One in three British commercial properties now have foreign landlords, but that ratio is set to dip slightly next year as real estate prices cool, a report from insurance firm Royal & Sun Alliance said today.According to the property inveshttp://www.ukbusinessproperty.co.uk/news/article/348 |