UK Business Property - RSS FeedCommercial Property NewsHMRC refuse REIT status to Enterprise Inns to add to gloomy outlook- November 20, 2007 Enterprise Inns said today that long running talks with the government over low-tax REIT status had drawn an initial blank. It also predicted mass pub closures as the smoking ban puts off drinkers. Enterprise Inns, Britain's second biggest pub compahttp://www.ukbusinessproperty.co.uk/news/article/343 Erinaceous announce departure of Bellis and Cummings- November 20, 2007 Erinaceous Group Plc said today that two directors had resigned and that hedge fund Fursa had withdrawn its request for an emergency general meeting (EGM).Fursa Alternative Strategies UK had called for an EGM on Oct. 26 to seek the removalhttp://www.ukbusinessproperty.co.uk/news/article/344 Bradford & Bingley sell 2 billion loan book at a discount to keep the doors open.- November 20, 2007 GE Real Estate has defied sentiment in the property and financial markets and bought £2bn of the £2.8bn portfolio of UK commercial property loans held by Bradford & Bingley.The portfolio comprises performing loans to a group of over 100 bohttp://www.ukbusinessproperty.co.uk/news/article/345 Marstons raise 330 million at 6.03% on debt market and keep more than half in warchest- November 20, 2007 Marston’s yesterday became the first UK pub group to brave the stormy debt markets since the onset of the credit crunch when it raised £330m in a financing backed by its property estate. The company - brewers of Pedigree bitter - rhttp://www.ukbusinessproperty.co.uk/news/article/347 Northern Rock Bids too low say board, as Chancellor seeks EU approval for aid beyond Feb 17- November 19, 2007 Treasury officials said today that its rescue of Northern Rock would have to be approved by the European Union and that any bid for the stricken bank would be at risk if it required more assistance from the government."Any ongoing Shttp://www.ukbusinessproperty.co.uk/news/article/342 Real commercial property values down 10% not the 2.2% IPD figure say's CBRE director of valuation- November 19, 2007 Actual property values appear to have fallen by as much as 10%, far more than indicated by property indices over the last three months.The claim comes from Nick Knight, senior director of valuation at property consultant CB Richard Ellis, whohttp://www.ukbusinessproperty.co.uk/news/article/341 Wood Wharf Docklands blockbuster development announced- November 16, 2007 CANARY Wharf's most ambitious development will cater for up to 20,000 more jobs.Plans for the seven-hectare Wood Wharf development will be revealed to the public on Monday (November 19), with developers promising a major new community park forhttp://www.ukbusinessproperty.co.uk/news/article/339 RICS say commercial property demand hit br redit crunch in Q3 as businesses put expansion on hold.- November 16, 2007 Demand for UK commercial property from tenants fell in the third quarter as businesses reassessed expansion plans in the wake of credit market turmoil, a nationwide poll of surveyors showed on Friday.Demand from investors also fell, accordinghttp://www.ukbusinessproperty.co.uk/news/article/340 Erinaceous lose bonus claim from former MD of Dunlop Haywards which could cost 12 million- November 15, 2007 The beleaguered company was being sued by David Kahn, a former managing director at Erinaceous subsidiary Dunlop Haywards, after it refused to pay him his ‘special bonus’.Mr Justice Foskett ruled the company tried to back out of pahttp://www.ukbusinessproperty.co.uk/news/article/338 British Land prepare for bargain hunting with 2 billion warchest- November 15, 2007 The head of British Land, the UK's second most valuable property company is ready to delve into a £2 billion war-chest to pick-up an expected flurry of distressed property sellers.Stephen Hester, chief executive of British Land, warned thttp://www.ukbusinessproperty.co.uk/news/article/336 |