UK Business Property - RSS FeedCommercial Property NewsAHG markets 2 DeVere Hotels with Christies- November 15, 2007 Alternative Hotel Group, chaired by the contraversial Richard Balfour-Lynn, is selling two DeVere hotels after buying the company in July last year.Bids are being invited for the freehold on the properties, a 600-year-old inn and separate conference centrhttp://www.ukbusinessproperty.co.uk/news/article/337 Sainsbury profits up almost 20% also announces property joint venture with Land Securities- November 14, 2007 J. Sainsbury today reported a near 20 per cent increase in interim profits and announced a property joint venture with developers Land Securities.The food retailer, in its first public outing since the collapse 10 days ago of the £10.6bnhttp://www.ukbusinessproperty.co.uk/news/article/334 Addenbrookes to become centre of 1 billion Cambridge Bio-Medical Campus- November 14, 2007 A £1 billion scheme, which will make Addenbrookes Hospital the largest biomedical campus in Europe, was given outline planning permission by Cambridge City Council on Monday. The plan will double the site from 70 to 140 acres to forhttp://www.ukbusinessproperty.co.uk/news/article/335 Midlands REIT Mucklow performing steadily with 93% occupancy- November 13, 2007 A & J Mucklow Group plc, the Midlands based property REIT, reports activity quarterly, and confirm occupancy maintained at about 93%.Rupert Mucklow, Chairman commented: "We do not value our property portfolio on a quarterly basis. Howhttp://www.ukbusinessproperty.co.uk/news/article/333 Great Portland report NAV up 11% for half year ended September after letting more West End City office space.- November 13, 2007 Great Portland said today its adjusted net asset value rose 11.1 percent in the six months to Sept. 30 and its development programme should materially enhance group returns, despite challenging market conditions.The group said its net ashttp://www.ukbusinessproperty.co.uk/news/article/331 Sigma acquire City Wharf development in Aberdeen for 40 million- November 13, 2007 A MAJOR office and leisure development in the heart of Aberdeen has been acquired by Sigma Capital Group, the Edinburgh-based asset management business, in an investment deal worth some £40 million.City Wharf will comprise a mix of offichttp://www.ukbusinessproperty.co.uk/news/article/332 Thames River to launch new hedge fund to take advantage of pricing anomolies in commercial property- November 12, 2007 Investment boutique Thames River Capital said on Friday it will launch a hedge fund investing in real estate stocks and derivatives at the end of this month.The Thames River Longstone fund, a longshort equity fund, will be managed by Mahttp://www.ukbusinessproperty.co.uk/news/article/330 Can commercial property valuers be relied on to get it right in todays market DTZ chairman says not.- November 12, 2007 Valuing commercial property is a complex task.Deals are very infrequent compared with equities while no two office blocks or retail parks are ever the same.But that’s what valuers are paid to do so that property investors larhttp://www.ukbusinessproperty.co.uk/news/article/329 Land Securities to spin off Trillium subsidiary in bid to enhance shareholder value- November 9, 2007 Land Securities, Britain's largest real estate investment trust, is set to spin off its Trillium property outsourcing business, the Times newspaper reported today.The board is due to meet next week to formally agree to a demerger of the propertyhttp://www.ukbusinessproperty.co.uk/news/article/327 Devington gets planning approval for 125 million mixed use redevelopment in Plymouth called Oceanique- November 9, 2007 Plymouth City Council has granted planning approval for a major city center mixed-use redevelopment which will feature the south west’s tallest tower. Devington Homes’s 39,465-m² ‘Oceanique’ comprises 172 residential apartmenthttp://www.ukbusinessproperty.co.uk/news/article/328 |