UK Business Property - RSS FeedCommercial Property NewsAre investors pulling out of the North East- May 23, 2007 British Land has sold or placed on the market £34m of Newcastle city centre property and County Durham property company Rokeby has similarly handled £20 million worth of developments in the last fortnight, Whilst there are buyers in thttp://www.ukbusinessproperty.co.uk/news/article/85 Developers "run amok" on Antrim coast as residents with sea view properties cash out- May 22, 2007 Seaside towns on the north coast of Antrim are being destroyed by over development, it was claimed yesterday.Residents say builders are running amok in the popular seaside towns of Portstewart, Portrush and Castlerock, snapping up houses and rhttp://www.ukbusinessproperty.co.uk/news/article/82 UK Reits to give negative returns this year - what if investors dump them- May 22, 2007 According to the Wall Street Journal, UK Real Estate Investment Trusts, which were introduced in January, will give negative returns this year, causing analysts to call the end of the recent boom in British commercial property.The Bank of Englhttp://www.ukbusinessproperty.co.uk/news/article/84 Segro nee Slough Estates delivers expected results by selling UK assets to invest in Europe- May 22, 2007 Segro PLC, formerly Slough Estates PLC, said its current trading has been in line with its expectations and remains confident of the underlying performance of its business for the current financial year.It is confident of generating good returhttp://www.ukbusinessproperty.co.uk/news/article/83 British Land post strong results but forecast challenging times ahead.- May 22, 2007 British Land announced solid results today as it benefited from tax breaks and strong portfolio management, posting a 13-percent annual rise in net asset value per share and said it would accelerate portfolio reshuffling as the commercial property markethttp://www.ukbusinessproperty.co.uk/news/article/81 Brixton Estates boss calls top of the UK Industrial Property Market- May 21, 2007 On Friday, Tim Wheeler, the chief executive of Brixton Estates, one of Britain’s largest industrial landlords, told his investors at the AGM that parts of the UK warehouse sector outside London – from which Brixton has withdrawn – couldhttp://www.ukbusinessproperty.co.uk/news/article/79 Foxtons sold by founder to private equity group for 390 million- May 21, 2007 Foxtons, the largest London residential estate agent, has been sold for about £390 million to BC Partners, the private equity group.The sale of Foxtons, an agency once as famous for its sharp practices as for the fleet of colourful Minishttp://www.ukbusinessproperty.co.uk/news/article/78 M & B try to meet Tchenguiz halfway with talks about 5050 joint venture- May 21, 2007 Mitchells & Butlers (M&B), the pubs and restaurant chain, confirmed today that it is in talks with R20, the company controlled by tycoon Robert Tchenguiz, about putting £4 billion of its properties into a 50-50 joint venture.Thehttp://www.ukbusinessproperty.co.uk/news/article/77 Travleodge signs leaseback deal with Prestbury to kick start 3.5bn investment programme to double size.- May 21, 2007 Travelodge, the budget hotel operator controlled by Dubai International Capital (DIC), has raised £128 million through a sale and leaseback of 17 of its hotels, The company, which operates 314 hotels, the majority in the UK, is selling the underlyinhttp://www.ukbusinessproperty.co.uk/news/article/80 M & B Pub Group forced to decide between not being left and REIT by Tchenguiz- May 18, 2007 UK pub and restaurant group Mitchells & Butlers Plc faces a tough decision -- either to separate its property assets into a REIT or face a possible hostile takeover from activist shareholder Robert Tchenguiz.Mitchells & Butlers, whichhttp://www.ukbusinessproperty.co.uk/news/article/76 |