UK Business Property - RSS FeedCommercial Property NewsSainsburys now in play as Delta 2 starts talks about a bid- July 18, 2007 J Sainsbury has this morning confirmed that it has received a preliminary bid approach from Qatari investment group Delta Two. The company said in a statement on it would make a further announcement, as aphttp://www.ukbusinessproperty.co.uk/news/article/165 Where will the commercial property market go from here- July 18, 2007 Investors are being warned , in this column and elsewhere, of a property slump in which the prices of shops and offices could drop by up to 20%.The downturn would threaten the savings of hundreds of thousands of people who have beehttp://www.ukbusinessproperty.co.uk/news/article/164 Alton Towers , Madame Taussauds and other attractions sold to Prestbury for 622 million- July 17, 2007 Some of the UK's most famous tourist attractions including Alton Towers and London waxworks Madame Tussauds were sold today by their private equity owner for £622 million.Merlin Entertainments - owned by US private equity giant Blackstonhttp://www.ukbusinessproperty.co.uk/news/article/162 Brown signals U turn on Planning Gain Supplement.- July 17, 2007 The UK government signalled a possible change in direction on its proposals to introduce a tax on property developers when Prime Minister Gordon Brown said a Bill doing so would only be introduced in provisional form.The Planning Gain Supplemehttp://www.ukbusinessproperty.co.uk/news/article/161 IPD chief economist pessimistic on prospects for UK commercial property total returns- July 17, 2007 Sabina Kalyan, chief economist at the IPD property data group, minces no words in the piece she wrote recently about what is happening out there in the commercial property market:'After five years of heady returns on the back of unprecedentedhttp://www.ukbusinessproperty.co.uk/news/article/163 Greene King to bid for Loch Fyne 35 restaurant chain as spotlight shifts to food- July 16, 2007 GREENE KING, the regional brewer and pub company, is believed to be weighing up a £70m offer for Loch Fyne, the seafood restaurant business.The chain, headed by chief executive Mark Derry, has received a small number of approaches from pubhttp://www.ukbusinessproperty.co.uk/news/article/160 Land Securities confident of strong 2007 results plans to buy back shares- July 16, 2007 Land Securities, Britain's biggest real estate investment trust, said today it would buy back shares as it continued to meet sales and lettings targets despite a cooling in the UK property market."The first quarter has seen extremely highhttp://www.ukbusinessproperty.co.uk/news/article/159 British Land says trading so far this year has been good with a rise in NAV- July 13, 2007 British Land said today it had made a good start to the financial year, with the London office market showing rental growth."We believe that British Land's portfolio, development, financial and management strengths will continue to show thttp://www.ukbusinessproperty.co.uk/news/article/158 Property Funds move to bid pricing to stem outflows as investors head for the doors- July 12, 2007 Scottish Widows’ £1.3bn Property Unit Trust shed 5.5% or £71.5 million on Tuesday when it shifted to bid pricing in an attempt to stem the flow of investors leaving the fund.The move, which cost investors £71.5m,http://www.ukbusinessproperty.co.uk/news/article/157 Whitbread commercial property portfolio thought to be attracting US predator.- July 11, 2007 Shares in Whitbread rose as much as 6.3 percent to 1,932 pence on Wednesday, with traders saying there was talk that U.S. property investor Starwood Capital Group is about to launch an offer for the company.Whitbread declined to comment.http://www.ukbusinessproperty.co.uk/news/article/155 |