UK Business Property - RSS FeedCommercial Property NewsProperty Equities soften and Vector Hospitality REIT pulls IPO as market awaits interest rate decision today.- June 7, 2007 Hotel owner Vector Hospitality announced late on Wednesday its £1.8 billion Initial Public Offering was postponed due to weak market sentiments, a day after trimming an indicative price range by about 16 percent.Despite increasing its ofhttp://www.ukbusinessproperty.co.uk/news/article/107 Liverpool apartment developer Albany Assets placed in Administration as local apartment market saturates.- June 7, 2007 LIVERPOOL developer Albany Assets yesterday collapsed into administration after a deal to sell its only city centre property fell through.The news caps off a miserable few months for Albany founder Chris Nisbet, who in April lost control of hihttp://www.ukbusinessproperty.co.uk/news/article/108 Helical Bar demonstrates how to develop profits ahead of expectations- June 7, 2007 Helical Bar, a London-based oddly named commercial property developer and investment company, said full-year pre-tax profit rose 5.3% on gains in its property development operations and lower financing costs. Helical makes it's money from adding value rathttp://www.ukbusinessproperty.co.uk/news/article/109 Cooke & Arkwright advise Hawtin on 3.9 million industrial property acquisition at Merthyr Tydfil- June 6, 2007 AIM listed Hawtin PLC announced today that it had completed the purchase of a single storey manufacturing unit with ancillary offices on a site of 6.55 hectares in Abercanaid, Merthyr Tydfil for £3.9 million.in a deal advised by Cooke & Arhttp://www.ukbusinessproperty.co.uk/news/article/106 New Star Property Fund loses money as flood of cash drives returns down- June 6, 2007 New Star’s juggernaut property fund lost money in the first four months of this year and some of the biggest direct property funds in the industry had poor single digit returns, in a sign of too much money chasing the market down.The Invhttp://www.ukbusinessproperty.co.uk/news/article/105 Belfast Auctioneers BTW Shiels expect buoyant market to continue ahead of big auction.- June 5, 2007 One of the biggest property auctions ever to take place in Northern Ireland will be held on June 22nd with up to £95m worth of property going under the hammer.BTWShiells, one of Northern Ireland's largest commercial property companies, hashttp://www.ukbusinessproperty.co.uk/news/article/103 Tchenguiz abandons race for Erinaceous, HBOS likely to prevail- June 5, 2007 Erinaceous, the UK property services company that is considering a sale, has lost two of its possible bidders, The Times reports today. 3i, the private equity firm, and Vincent Tchenguiz, the property investor, have in effect withdrawn from the race, makihttp://www.ukbusinessproperty.co.uk/news/article/104 J Sainsbury to retain control of property portfolio now valued at 8.6 billion- June 4, 2007 Sainsbury’s revealed its freehold and long leasehold property had been valued at £8.6bn, 65 percent higher than current net book value.The company said that more than 50 percent of its property estate would be developed over next thttp://www.ukbusinessproperty.co.uk/news/article/102 BAA selling half share in industrial and office portfolio worth about 600 million- June 4, 2007 BAA, the airports operator, is in talks to sell a half-share in a swath of warehouses and offices around Heathrow for about £600 million.Ferrovial, the Spanish construction group that bought BAA for £16.3 billion last year, has hirhttp://www.ukbusinessproperty.co.uk/news/article/99 Whitbread to raise 925 million by sale of David Lloyd clubs to London & Regional- June 4, 2007 Whitbread Plc said on Sunday it would sell the David Lloyd health club chain for 925 million pounds cash to privately owned property group London & Regional to pay down debt and focus on its hotels and food chains.David Lloyd has 59http://www.ukbusinessproperty.co.uk/news/article/98 |