UK Business Property - RSS FeedCommercial Property NewsMinerva to go ahead with luxury residential development overlooking Hyde Park- May 18, 2007 Minerva Plc said today it has planning permission for a 193,000 square feet residential development in west London. 75-89 Lancaster Gate is the longest contiguous terrace overlooking Hyde Park and together with gardens, underground parking, fitnesshttp://www.ukbusinessproperty.co.uk/news/article/75 Vector Hospitality the aspiring Hotel REIT will come to market with a 2 billion price tag- May 18, 2007 Hotel owner Vector Hospitality said today it had set an indicative price range of 995 pence to 1,115 pence for its initial public offering next month, implying a market value of over 2 billion pounds. The offer, which would create the country's lhttp://www.ukbusinessproperty.co.uk/news/article/74 Recent popularity of Fixed rate mortgages has insulated UK property martket from rate rise impact- May 17, 2007 The rising popularity of fixed rate mortgages in the UK has lessened the immediate impact of interest rate rises on the housing market, according to a leading economics consultancy.Capital Economics says the impact of a rise in interest rateshttp://www.ukbusinessproperty.co.uk/news/article/72 Land Securities unveil Prelims showing a 16.6% total business return to cheer shareholders- May 17, 2007 Land Securities, which earlier this year converted its £14.8 billion UK portfolio into a Real Estate Investment Trust (REIT), said, in it's Preliminary Results for 2007 that the value of its investment portfolio slowed in the second half of 20http://www.ukbusinessproperty.co.uk/news/article/71 Olympic Village to become first UK residential REIT- May 17, 2007 The Daily Telegraph said today that part of the site being developed for London's 2012 Olympics will be floated on London's stock market on or before 2009 as a residential real estate investment trust (REIT).Australian property group Lend Leashttp://www.ukbusinessproperty.co.uk/news/article/73 Property Company boss and Auctioneers agree that the UK Commercial Property market has peaked.- May 16, 2007 When the boss of Britain's largest property company says "the yield re-pricing of UK property assets is close to having run its course", he means that the country's runaway commercial property market has peaked.Francis Salway, the chhttp://www.ukbusinessproperty.co.uk/news/article/70 RICS starts Judicial Review proceedings against government in bid to block or delay HIPs- May 15, 2007 The Royal Institution of Chartered Surveyors (RICS) has commenced Judicial Review proceedings against the Department for Communities and Local Government, claiming the government has refused to chttp://www.ukbusinessproperty.co.uk/news/article/69 Enterprise Inns lift pub sector with news that they are considering REIT status without splitting business.- May 15, 2007 Enterprise Inns shares moved up 6% and caused shares in the pubs sector to surge after it revealed it was exploring its options on tax-efficient REIT status. In his Interim Results statement today Chairman Hubert Reid also unveiled an unspectahttp://www.ukbusinessproperty.co.uk/news/article/68 Colliers CRE reports increased Local Authority interest in Commercial Property Auctions in NorthWest- May 15, 2007 North West Local Authorities are joining the trend towards commercial property auctions.Colliers CRE says that many local authorities in the region are using auctions to release funds that can then be invested in new property and infrasthttp://www.ukbusinessproperty.co.uk/news/article/67 Potential investors in new Hotel REIT float unhappy about conflicts of interest.- May 14, 2007 Potential investors in one of the largest flotations to come to the London Stock Exchange have started to raise concerns about conflicts of interest in the new company&39;s complex management structure.The presence of Richard Balfour-Lynn, thhttp://www.ukbusinessproperty.co.uk/news/article/64 |