UK Business Property - RSS FeedCommercial Property NewsBRC accuses Brown of barefaced cash grab behind a regeneration smokescreen over Empty Rate Relief- May 14, 2007 The British Retail Consortium is accusing the Government of either failing to understand the property market or deliberately raising a regeneration smokescreen to disguise a blatant cash grab over plans to severely downgrade Empty Property Business Rateshttp://www.ukbusinessproperty.co.uk/news/article/63 Ediston launch 400 million fund to invest in UK commercial property- May 14, 2007 Ediston Properties, the Edinburgh-based company behind the redevelopment of the Scottish Television studios in Glasgow, has launched a £400m fund to invest in other commercial property schemes.The Ediston Opportunity Fund has been set uphttp://www.ukbusinessproperty.co.uk/news/article/62 PKF report Hotels offer better return than commercial property over past 13 years- May 14, 2007 Hotels are a better long-term investment than the commercial property sector, despite the risks they are normally associated with.According to new research by PKF accountants and business advisers, hotels out-performed the commercial sector byhttp://www.ukbusinessproperty.co.uk/news/article/66 Conservatives accuse Brown of 1 billion tax hike on Business Property over Empty Rate Relief- May 11, 2007 Conservatives today criticised Gordon Brown&39;s plans for a £1 billion hike in business rates, as Labour Ministers published the details of new legislation to scale back drastically tax relief on vacant premises. The new law will mean higher tax bhttp://www.ukbusinessproperty.co.uk/news/article/65 UK Commercial Property returns still better than equities in Q1 2007 - Offices best performing sector- May 11, 2007 UK commercial property delivered a total return of 2.5% qq in Q1 2007, according to the Investment Property Databank, taking the 12-month return to 15.6% outstripping both UK equities and bonds which earned investors 11.1% and 0.5% respectively.brhttp://www.ukbusinessproperty.co.uk/news/article/61 Rate Relief issue scares buyers off 80 million industrial portfolio purchase say Palmer Capital.- May 10, 2007 Palmer Capital Partners claims the collapse of an £80m industrial portfolio sale was a direct result of Gordon Brown’s proposal to remove rate relief.Under the proposal, empty commercial properties will receive full rate relihttp://www.ukbusinessproperty.co.uk/news/article/57 4.6 billion Hammerson attracting commercial property predator interest- May 10, 2007 KKR the voracious private equity giant is in the early stages of examining a bid for Hammerson, and is one of a number of predators circling the £4.6bn ($9.2bn, E6.7bn) British commercial property real estate investment trust (Reit).A sehttp://www.ukbusinessproperty.co.uk/news/article/58 Ryden commercial property earnings buoyant thanks to Glasgow in particular- May 10, 2007 Commercial property adviser Ryden has reported record full-year turnover of more than £15 million following a long period of growth.The Scottish firm saw fee income soar 32 per cent to £15.6m in the 12 months to April 30.brhttp://www.ukbusinessproperty.co.uk/news/article/59 Savills optimistic for good 2007 results- May 9, 2007 Savills Plc the FTSE 250 listed property firm, said today it had made a strong start to its financial year and expected interest rate rises had not had a noticeable impact. "Strong global money flows continue to provide a positive backdrop tohttp://www.ukbusinessproperty.co.uk/news/article/54 New Assetz Commercial Property Fund targets new build small office market- May 9, 2007 Assetz has launched a new commercial property fund in response to a shortage of new build small office units in key locations such as the North West.The fund aims to purchase UK commercial properties off plan to a value of £5 millihttp://www.ukbusinessproperty.co.uk/news/article/56 |