UK Business Property - RSS FeedCommercial Property NewsRugby Estates 47million IPO precursor to REIT status- May 9, 2007 Property investment fund Rugby Estates Investment Trust Plc said today it would raise around 47.4 million pounds ($94.4 million) in an initial public offering in London.The company plans to use the proceeds to acquire properties mainly in induhttp://www.ukbusinessproperty.co.uk/news/article/60 Commercial Property in short supply in Cambridge say developer Wrenbridge- May 9, 2007 Demand for commercial property is at a seven-year peak, boosted by a strong economy and record profitability, but you&39;ll be lucky if you can find anything much at all in Cambridge.Wrenbridge, one of the leading commercial property firms inhttp://www.ukbusinessproperty.co.uk/news/article/55 Morrisons commercial property portfolio makes them next bid target- May 8, 2007 There is mounting speculation that Morrisons could soon receive a £9bn takeover approach from a private equity group. Although no formal offer has been made for the Bradford-basehttp://www.ukbusinessproperty.co.uk/news/article/53 Hammerson - UK's 4th biggest commercial property firm - expects further substantial capital growth- May 3, 2007 Property firm Hammerson a rumoured bid target, said today it would only consider an offer which fully reflects its value, as investment demand for major retail assets in the UK and France remains strong."While it is not our policy thttp://www.ukbusinessproperty.co.uk/news/article/51 King Sturge swoop on Bettisons to strengthen presence in Devon & Cornwall- May 3, 2007 King Sturge has acquired estate agents Bettisons Plymouth residential and new homes business. As of this week, the city office of Bettisons has become part of King Sturge, which has 50 offices and 2,000 sthttp://www.ukbusinessproperty.co.uk/news/article/52 JP Morgan picks City over Docklands for new Investment Bank HQ- May 2, 2007 Hammerson plc and its partner, the City of London Corporation, have entered into an exclusivity agreement with leading international bank, JPMorgan, to agree terms for the construction of its new European headquarters building.Under the termshttp://www.ukbusinessproperty.co.uk/news/article/50 The Local Shopping REIT launch oversubscribed signals new commercial property opportunity- May 2, 2007 Property investment firm The Local Shopping REIT PLC (LSR) raised 160 mln stg via an oversubscribed placing of around 96 mln shares, after its shares were admitted to the Official List and began trading on the London Stock Exchange.The companyhttp://www.ukbusinessproperty.co.uk/news/article/49 Major commercial property landlords breathe easier after Powerhouse verdict- May 1, 2007 The UK commercial property market breathed a collective sigh of relief this afternoon as the results of a High Court battle mean that billions of pounds will not be wiped off its value.However property experts point out that the case, which inhttp://www.ukbusinessproperty.co.uk/news/article/48 WHR and Berkeley Brown advise family firm in buoyant South Manchester office property market- May 1, 2007 Bluemantle, the property vehicle run by father and son team Jim and Mark Caldwell, has completed £10m worth of deals in three office schemes.The Alderley Edge-based property development and investment company sold Lombard House in Cheadlhttp://www.ukbusinessproperty.co.uk/news/article/47 |