UK Business Property - RSS FeedCommercial Property NewsStocks inSainsbury and Morrisons rise on speculation of a commercial property play- June 28, 2007 Supermarkets were again the main source of stock market gossip, with Wm Morrison and J Sainsbury both bouyed by notions of shareholders pressuring changes.Morrison rose 6p to 296p as traders picked up on news that Deutsche Bank was holding a 3http://www.ukbusinessproperty.co.uk/news/article/138 RICS say 26% drop in commercial property sales volume at auction in Q1 2007 signals end of bull run- June 28, 2007 The number of commercial properties sold at auction fell sharply in the first quarter of 2007 as yields on commercial property fell below those on bonds, according to a survey on Wednesday.Figures from the Royal Institute of Chartered Surveyorhttp://www.ukbusinessproperty.co.uk/news/article/139 Volume of Mortgages approved in May drop 4% say BBA signalling weakening housing market- June 27, 2007 The number of mortgages approved for home purchase in Britain fell four percent in May from a year earlier, a survey showed on Wednesday.The British Bankers’ Association said mortgage approvals - loans agreed but not yet made - fell to 7http://www.ukbusinessproperty.co.uk/news/article/137 Britains biggest housebuilders disagree about strength of the UK housing market- June 27, 2007 Britain’s housing market is set to weaken as higher interest rates hit buyer confidence, two homebuilders, Taylor Woodrow Plc and George Wimpey , said todayThe companies, due to complete a £2.5 billion merger next week, alsohttp://www.ukbusinessproperty.co.uk/news/article/136 Brown warned that Planning Gain Supplement is unworkable by RTPI the BPF and BRC- June 26, 2007 The new Prime Minister is being urged to clarify or even reject plans for a Planning Gain Supplement which would tax the rise in land values created when planning permission is granted.A group of leading organisations representing British busihttp://www.ukbusinessproperty.co.uk/news/article/135 Sheffield United boss Kevin McCabe's cashing out to Australian Valad Property for 865 million- June 25, 2007 Valad Property Group of Australia, said today it would buy Scarborough Property plc for £865 million in the latest of a flurry of European acquisitions by Australian real estate companies.Valad said it would raise A$1.2bn tohttp://www.ukbusinessproperty.co.uk/news/article/133 More concern over privatisation of British Waterways, now a commercial property business in all but name- June 25, 2007 In October last year a small business team at the public body in charge of the country's canal network was quietly and discreetly disbanded,to focus on canalside developments. Outside the world of the canal enthusiast the dissolution of British Waterways'http://www.ukbusinessproperty.co.uk/news/article/134 Why retailers in general and Sainsbury's in particular must resist investor pressure to hive off their property.- June 22, 2007 J Sainsbury, is now 30% owned by Delta Two, the property-focused investment vehicle, and Robert Tchenguiz, the property tycoon. Property investors’ interest in retail is not unique to Sainsbury’s. It is the reason so many buyout firms lihttp://www.ukbusinessproperty.co.uk/news/article/131 Total returns from commercial property weaken to 3.7%YTD says IPD index- June 22, 2007 The average investment return on UK commercial property was 0.7 percent in May, data used for property derivatives trading showed on Thursday.The Investment Property Databank (IPD) UK All Property Index total returns continued to weaken in thehttp://www.ukbusinessproperty.co.uk/news/article/132 Real Estate Investors pay 4.53 million for 41,790 sq ft offices in West Bromwich centre- June 21, 2007 Real Estate Investors PLC said it has signed a deal with Warner Estate Holdings PLC, which recently converted to REIT status, to acquire a 41,790 square feet office building property in West Bromwich Town Centre for £4.53 million in cashhttp://www.ukbusinessproperty.co.uk/news/article/130 |