UK Business Property - RSS FeedCommercial Property NewsDTZ predict London office rents will fall in 2008 due to collapsing demand from financial sector- December 31, 2007 DTZ has warned that office rents may tumble next year, dealing a second devastating blow to landlords who have already seen the value of their portfolios plummet in recent months.DTZ is predicting a 15-20 pct fall in office demand in 2008 ahttp://www.ukbusinessproperty.co.uk/news/article/442 Some City Investment banks close their doors to large commercial property deals- December 31, 2007 Some of the City's biggest investment banks have stopped lending to commercial property buyers, stifling deals in an already depressed market.According to research by William Newsom, head of commercial valuation at Savills, eight of the 97 lendehttp://www.ukbusinessproperty.co.uk/news/article/443 RAB Capital and SRM Global both buy more Northern Rock shares to maintain pressure on board.- December 29, 2007 RAB Capital, the second largest investor in Northern Rock , has bought shares in the bank for the second time in two days, raising its stake to 7.51 pct from 7.42 pct.RAB has bought 350,000 more shares in the bank at 84.237 pence each, and nowhttp://www.ukbusinessproperty.co.uk/news/article/441 Knight Frank say office values in South East may be down 23% amid rising fear of 1990 style crash- December 28, 2007 Investors who bought office buildings in the South-East of the UK at the top of the property bubble this year are nursing paper losses of up to 26 pct in a striking example of how quickly the market has turned, the Financial Times reported citing researchhttp://www.ukbusinessproperty.co.uk/news/article/438 Falling LIBOR rates may signal the end of the credit crunch.- December 28, 2007 Short-term London interbank lending rates (LIBOR) for euros, sterling and dollars fell today, reflecting waning concerns over credit thanks to ample central bank liquidity and an end to the scramble for year-end cash.Interbank lending rates, whttp://www.ukbusinessproperty.co.uk/news/article/440 London Town pub group buys GRS Inns and its highly rated management for 4.3 million- December 28, 2007 Struggling pubs group London Town is buying in the experience of former Pubmaster boss John Sands - one of the best-known figures in the industry - in a £4.3 million deal.Sands, currently chairman of small leasehold pubs group GRS, anhttp://www.ukbusinessproperty.co.uk/news/article/439 UK Coal rejects takeover bid from Austrian energy investment fund- December 26, 2007 UK Coal,the Doncaster-based mining and property company on Monday dismissed a takeover approach, from an Austrian investment group called Meinl International Power which was made in a letter sent on December 17 by Karl-Heinz Grasser, the fund’s chaihttp://www.ukbusinessproperty.co.uk/news/article/436 European Central Bank will not allow secondary inflation to shift above 2%- December 26, 2007 A drive to keep a lid on inflation means the European Central Bank will not be distracted by the repeated interest rate cuts of its US and UK counterparts, according to Jean-Claude Trichet, the bank’s president.The ECB has held eurozonehttp://www.ukbusinessproperty.co.uk/news/article/437 House prices fall in 30% of UK areas in December as market waits for affordability to return- December 24, 2007 Annual house price inflation in England and Wales fell to its lowest in 18 months in December as prices suffered their biggest monthly decline in nearly two years, a survey showed today.Property consultant Hometrack said house prices were 3.0%http://www.ukbusinessproperty.co.uk/news/article/435 Terrace Hill sells Hammersmith offices for residential redevelopment making 81%profit in few months- December 21, 2007 Terrace Hill, the AIM-listed property group, has contracted to sell its riverside site, Queens Wharf in Hammersmith, to Westcity plc and Byrne Estates for £30.75m. The Group bought the property from a private investor for £17.0m in Novemberhttp://www.ukbusinessproperty.co.uk/news/article/433 |