UK Business Property - RSS FeedCommercial Property NewsScottish commercial property market worth 7.34 billion a year say GVA Grimley- November 8, 2007 THE commercial property market is worth more than £7.34 billion a year to the Scottish economy, a new report by GVA Grimley has suggested.Jobs generated by commercial property in everything from surveying to law make up 8.5 per cent of Shttp://www.ukbusinessproperty.co.uk/news/article/326 Mapeley report pre-tax loss after revaluation write-downs of 45.8 million reflects market correction- November 8, 2007 Mapeley reported a 16.7 percent rise in funds from operations (FFO) in the nine months to 30 Sept. but a substantial pre-tax loss highlighted deteriorating values in Britain's commercial property market."We are pleased to report reshttp://www.ukbusinessproperty.co.uk/news/article/325 Commercial Property derivatives trading buoyant as total trades hit 10 billion despite real market doldrums- November 7, 2007 Retail property investment groups have for the first time edged out banks as the dominant players in property derivative trading, as the total value of trades edged above £10 billion.Property derivatives offer a series of trading optionshttp://www.ukbusinessproperty.co.uk/news/article/322 M&B losses on Tchenguiz deal rise to 140 million almost wiping out profits- November 7, 2007 Mitchells & Butlers (M&B), the pub and restaurant operator, revealed yesterday that the potential loss from hedging its aborted £4.5 billion property joint venture with Robert Tchenguiz’s investment vehicle R20 had more than doublehttp://www.ukbusinessproperty.co.uk/news/article/323 Davenham board justify their position in rejecting ACP bid.- November 7, 2007 Davenham rejected the approach from its major shareholder, Jersey-based asset manager ACP, last month but kept the door open. Now ACP is back expressing its disappointment that Davhttp://www.ukbusinessproperty.co.uk/news/article/324 Trend to shorter commercial property leases forced by tight market- November 6, 2007 Landlords have responded to tighter market conditions over the last year by negotiating shorter commercial leases with retailers and commercial tenants. The 10 th Annual Lease Review, published by the British Property Federatiohttp://www.ukbusinessproperty.co.uk/news/article/321 Land Registry curtails online access to Deeds and Leases after frauds.- November 6, 2007 he Land Registry is to limit the information available online in a bid to protect people from fraud.Documents such as mortgage deeds and leases will no longer be available electronically.Instead people who want to see or have copies of these documents wilhttp://www.ukbusinessproperty.co.uk/news/article/320 Delta 2 throws in the towel on Sainsbury bid- November 5, 2007 THE second attempt to buy supermarket giant Sainsbury's in six months collapsed today.Qatari-backed investment vehicle Delta Two - the retailer's largest shareholder - said it was "not in the best interests" of its stakeholders to prhttp://www.ukbusinessproperty.co.uk/news/article/319 Davenham rejects takeover bid from Jersey based ACP Capital- November 2, 2007 Davenham Group plc has rejected a takeover offer from Jersey based, AIM listed, ACP Capital Limited. Davenham, a long established Manchester business, is engaged in property and asset financing to the SME market, and in the past made loans onlyhttp://www.ukbusinessproperty.co.uk/news/article/318 IPD index of total returns for commercial property goes negative for first time- November 1, 2007 The Investment Property Databank (IPD) UK Quarterly index yesterday delivered the first negative total return in its history.The index showed that total returns dropped 1.1 per cent for the third quarter of this year, as declining capital valuhttp://www.ukbusinessproperty.co.uk/news/article/317 |