UK Business Property - RSS FeedCommercial Property NewsSunderland Housing Group renamed as Gentoo Group in order to play national role- June 18, 2007 Sunderland Housing Group is reinventing itself as the former housing association prepares to make its name on the national business stage.SHG, which was formed six years ago from the council housing division of Sunderland City Council, is nowhttp://www.ukbusinessproperty.co.uk/news/article/119 Beachcombers decend on the wreckage of Vector Hospitality float.- June 14, 2007 Royal Bank of Scotland (RBS), which was due to sell 15 hotels to Vector for £1.07 billion, is expected to be the first to complete a deal after receiving serious expressions of interest from would-be purchasers. The favourite to buy ithttp://www.ukbusinessproperty.co.uk/news/article/117 Qatari foreign minister increases his stake in Sainsbury's to 25%- June 14, 2007 A Qatari group said today it now owns a quarter of Britain's J. Sainsbury after buying £ 732 million of shares, boosting expectations the former bid target faces renewed pressure to sell property.Delta (Two) Ltd, a vehicle of the Qathttp://www.ukbusinessproperty.co.uk/news/article/118 AtisREAL Newcastle market half Adderstone Group portfolio for 5.5 million- June 13, 2007 Adderstone Group has put half its commercial property up for sale. MD Ian Baggett, awarded the title of Entrepreneur of the Year last month by North-East networking group the Entrepreneurs Forum, has spent four years acquiring the Tyneside propertiehttp://www.ukbusinessproperty.co.uk/news/article/114 Capital Economics warns of price crash in commercial property- June 13, 2007 A price crash in commercial property is just around the corner, Capital Economics is warning clients.From offices to shops and industrial warehousing, Capital Economics, a respected analyst is forecasting capital values to fall each year sthttp://www.ukbusinessproperty.co.uk/news/article/116 Savills close to selling former Zurich offices in Newcastle for sum well in excess of 7.2 million asking price.- June 13, 2007 An empty office building in Newcastle city centre is expected to attract bids "millions" over its £7.2m price tag when the agent selling the property calls for final offers at noon today. Insurance group Zurich, which last August announcedhttp://www.ukbusinessproperty.co.uk/news/article/115 Quintain Estates post strong past year results based on Wembley and Greenwich- June 13, 2007 Property group Quintain Estates and Development reported a 25.5 percent rise in year net asset value per share on Wednesday and said the group was well positioned to outperform in the years ahead.Quintain, which is working on regenhttp://www.ukbusinessproperty.co.uk/news/article/113 Local Shopping REIT on the hunt for convenience stores across the country- June 12, 2007 A specialist property investment vehicle which floated on the London Stock Exchange last month plans to snap up convenience stores across the country. The Local Shopping REIT is the first specialist start-up Real Estate Investment Trust to behttp://www.ukbusinessproperty.co.uk/news/article/112 19 Former Queens Moat Houses up for sale- June 11, 2007 Goldman Sachs’s Whitehall Funds property investment arm is poised to put the former Queens Moat Houses hotel business in the UK up for sale for £450m to £500m. –The sale of the 19 hotels, most of which are run under Holiday Inn andhttp://www.ukbusinessproperty.co.uk/news/article/110 Erinaceous subsidiary Dunlop Haywards is sued by The Cheshire Building Society for 9 million- June 11, 2007 The Cheshire is suing Dunlop Haywards for £9m following an investigation into alleged fraud by the company’s former head of valuations Ian McGarry.The writ follows a £50,000 investigation into “extreme inconsistenhttp://www.ukbusinessproperty.co.uk/news/article/111 |