UK Business Property - RSS FeedCommercial Property NewsVon Essen adds Hunstrete House to it's portfolio for 6 million- April 30, 2007 Von Essen Hotels, the private company that owns Cliveden, the Berkshire stately home at the centre of the Profumo affair, has added its 24th property to its portfolio with the acquisition of Hunstrete House, near Bath.The group purchased the Ghttp://www.ukbusinessproperty.co.uk/news/article/46 HSBC announce UK's largest commercial property deal at 1.1 billion- April 30, 2007 Europe&39;s biggest bank HSBC unveiled the largest single property deal in Britain with the sale and leaseback of its head office building in London for 1.1 billion pounds, it said today.HSBC and a subsidiary of Spanish property firm Metrhttp://www.ukbusinessproperty.co.uk/news/article/45 Commercial Property sector still booming.- April 27, 2007 The commercial property market is still booming, with demand growing at its fastest pace in seven years, driven by a strong economy and record profitability in British industry, a survey showed yesterday.However, the quarterly report from thehttp://www.ukbusinessproperty.co.uk/news/article/42 CBRE offers Birminghams largest commercial property for 300 million.- April 27, 2007 The Birmingham Development Company has put The Mailbox and The Cube in Birmingham up for sale at £300m, circa 5.5% yield.The site is home to the BBC, Telewest and Network Rail, 14 restaurants and bars and 144 apartments. The sale whttp://www.ukbusinessproperty.co.uk/news/article/43 Admiral Taverns is template for hybrid pubcos run by commercial property experts.- April 26, 2007 Admiral have been shopping for pubs that have a "hybrid value". Hybrids exist among the host of bottom-end pubs, whose values are limited to a multiple of their smallish earnings, can be bought for a value close to - or even lehttp://www.ukbusinessproperty.co.uk/news/article/41 St Modwen report good trading results- April 26, 2007 St. Modwen Properties Plc said today that it remained on track to meet its target of doubling net asset value per share every five years and the current year had started well.St. Modwen, which has more than 50 percent of its 1 billhttp://www.ukbusinessproperty.co.uk/news/article/44 CB Richard Ellis acquires North West industrial property specialist DGI Davis George- April 24, 2007 CB Richard Ellis has swallowed niche industrial surveyors DGI Davis George as it attempts to beef up its agency business.CB Richard Ellis&39;s north west head, Christine Hanson, has been working on plans to boost their sales and lettings teamhttp://www.ukbusinessproperty.co.uk/news/article/37 If you want to protest the Rate Relief Robbery sign the Downing Street petition- April 24, 2007 General Motors European Property Director Julian Lyons has kicked off a petition on the 10 Downing Street website to protest the unsignalled move by the Chancellor to remove a relief that has been in place for over 20 yearhttp://www.ukbusinessproperty.co.uk/news/article/39 British Land hires JLL, Colliers CRE and Smith Young to market minority share of Meadowhall- April 24, 2007 British Land said it was looking for investment partners for its 1.7 billion pounds ($3.4 billion) Meadowhall regional shopping centre in Sheffield as part of the firm&39;s portfolio reshuffle.The company, which signalled last year thathttp://www.ukbusinessproperty.co.uk/news/article/40 Whitbread shuns the REIT route in favour of greater control and gears up to grow budget hotels and coffee shops.- April 24, 2007 Whitbread PLC is planning to increase its level of leverage by some 400 mln stg to just under five times net debt to EBITDAR, ruling out a sale and leaseback arrangement or real estate investment trust (REIT) for its property portfolio, valued independenthttp://www.ukbusinessproperty.co.uk/news/article/38 |