UK Business Property - RSS FeedCommercial Property NewsKing Sturge calls on Welsh Assembly not to adopt The Rating (Empty Properties) Bill- June 21, 2007 King Sturge has called on the Welsh Assembly Government not to adopt The Rating (Empty Properties) Bill which is being debated in the House of Lords presently, under its new powers.The Assembly Government could also use its powers to change orhttp://www.ukbusinessproperty.co.uk/news/article/126 Sainsbury's chief has no comment on Delta Two holding as he reveals poorer first quarter than expected.- June 21, 2007 Sainsbury’s Chief Executive Justin King was upbeat on the group’s prospects yesterday despite following Tesco by disappointing the City with slower sales growth in the first quarter, raising fears that a series of interest rate hikes is startihttp://www.ukbusinessproperty.co.uk/news/article/129 Tenant demand for UK commercial property to rise in all sectors except industrial says GVA Grimley and CBI survey- June 21, 2007 The summer 2007 property trends survey, by the Confederation of British Industry and GVA Grimley, shows a balance of 8 pct more businesses expect to increase rather than decrease the amount of property they occupy in the next six months.That chttp://www.ukbusinessproperty.co.uk/news/article/128 Majority of economists polled by Reuters forecast rise of Bank Base Rate to 5.75% in July- June 20, 2007 The Bank of England will raise interest rates again in July and there is a chance they will go to 6.0 percent this year, a Reuters poll showed after unexpectedly hawkish minutes from this month’s rate-setting meeting.The poll of 64http://www.ukbusinessproperty.co.uk/news/article/124 Malmaison Group still to be sold despite resistance from major shareholder- June 20, 2007 Marylebone Warwick Balfour Group Plc said today it would keep pursuing the sale of its Malmaison group despite questions from its largest institutional shareholder over the deal.MWB said in April it would sell the assets and its Hotel du Vin phttp://www.ukbusinessproperty.co.uk/news/article/122 CBRE Scottish Property Survey finds total returns from offices sector firm and industrial better than England- June 20, 2007 Interest rate rises have had an impact on debt-funded buyers as Scotland's commercial property market experienced a flattening of yields during the first quarter of 2007.As the weight of institutional money eased, causing investors to become mhttp://www.ukbusinessproperty.co.uk/news/article/127 Alder King and King Sturge joint agents for 50 million office development at Portishead Quays- June 20, 2007 Alder King and King Sturge have been appointed as joint agents, for a new office development at Portishead Quays near Bristol,with an end value of approximately £50m.Under the banner of PMH Portishead, a joint venture partnership,http://www.ukbusinessproperty.co.uk/news/article/121 Tesco to keep UK property while selling off more non-UK property assets,- June 20, 2007 Tesco the world’s fifth largest retailer, aims to include non-UK property assets in its programme to release billions of pounds of value from its real estate, Finance and Strategy Director Andrew Higginson said.Higginson said in anhttp://www.ukbusinessproperty.co.uk/news/article/125 Commercial Property yields at todays Interest Rates cause institutions to sell- June 20, 2007 The Bank of England's Monetary Policy Committee is focused on bringing inflation down to within Government targets,so the odds seem heavily stacked on further interest rate rises this year, peaking at 6% by the year end with inflation still runninghttp://www.ukbusinessproperty.co.uk/news/article/123 McKay Securities Plc - one of 14 UK REITs - reports strong results and good rental demand.- June 19, 2007 Conversion to REIT status has benefitted shareholders in McKay Securities. The Net Asset Value (NAV) of the group would have gone up by 22%, as it was by converting to a REIT NAV increased by 41%. The level of dividend payable for the year to March 200http://www.ukbusinessproperty.co.uk/news/article/120 |