UK Business Property - RSS FeedCommercial Property NewsNo crash in UK Commercial Property values says head of New Star Asset Management- July 11, 2007 The British commercial property market faces a challenge from higher interest rates but is not set for a crash, the head of global property at fund firm New Star Asset Management told Reuters.New Star shares fell 5.3 percent to 441 pence on Wehttp://www.ukbusinessproperty.co.uk/news/article/156 TR property Investment Trust buys Milton Keynes Office building for 6,550,000 on a yield of 6.1%- July 10, 2007 TR Property Investment Trust, managed by Thames River Capital, has completed the purchase of the freehold of Solstice House, in Midsummer Boulevard, Milton Keynes, for £6.55m.The total cost of the Buckinghamshire property, including stamhttp://www.ukbusinessproperty.co.uk/news/article/150 DTZ completes purchase of Donaldsons.- July 10, 2007 DTZ will pay £39.8 million upfront for the business and assets of Donaldsons -- which provides property surveys and consultancy services with over 900 staff -- and a deferred consideration of up to £8.8 million, it said in a statemhttp://www.ukbusinessproperty.co.uk/news/article/151 Former Zurich Call Centre in Newcastle tipped to sell for 3 million more than asking price- July 10, 2007 Three bidders are believed to have offered more than £10m for the former Zurich building in Newcastle city centre which was advertised for £7.2m. More than one property source in the region has expressed astonishment at the sums being talked ahttp://www.ukbusinessproperty.co.uk/news/article/154 British Retail Consortium deride government consultation on Empty Commercial Property Rate Relief as a sham- July 9, 2007 A Government consultation on new taxes for empty business properties is a sham. The British Retail Consortium (BRC) says Gordon Brown is desperately trying to portray his Government as business friendly while continuing to ignore representations from a rahttp://www.ukbusinessproperty.co.uk/news/article/152 St Modwen confident of making money in current market conditions- July 9, 2007 St Modwen, the property developer, insisted on Monday it could keep making money for shareholders in spite of fears of a downturn in UK commercial real estate.Bill Oliver, chief executive of St Modwen, forecast that full-year results from thehttp://www.ukbusinessproperty.co.uk/news/article/153 Can the London Office boom last Difficult times ahead for commercial property industry.- July 5, 2007 A booming City has seen a huge number of new lettings signed since the start of the year, with Bank of Ireland and K&L Gates, the US law firm, among those signing important leases in the past fortnight. There was 8.3m sq ft ofhttp://www.ukbusinessproperty.co.uk/news/article/149 Active Asset Investment Management seeking to buy more pubs- July 5, 2007 Commercial property investor Active Asset Investment Management (AAIM) has vowed to increase its presence in the UK pub market following the purchase of 279 venues from Marston's in May.The deal, which saw the tenanted pubs sold for £82.http://www.ukbusinessproperty.co.uk/news/article/148 Bank of England raises Base Rate to 5.75%- July 5, 2007 The Bank of England raised interest rates by a quarter percentage point to a six-year high of 5.75 percent on Thursday - the fifth increase since last August - as risks to inflation are still on the upside. Most economists had predicted the rise ashttp://www.ukbusinessproperty.co.uk/news/article/147 Savills confident of good results for 2007- July 4, 2007 Property services company Savills PLC said it has made a good start to the year and is confident of good results for 2007."Demand for prime commercial property across Europe remained strong in the first half of 2007, though investors arehttp://www.ukbusinessproperty.co.uk/news/article/145 |