UK Business Property - RSS FeedCommercial Property NewsMarks & Spencer miss 400 million profit opportunity in redevelopment of old Baker Street HQ- August 30, 2007 Property developers Ian and Richard Livingstone stand to make almost £400m profit from the redevelopment of the former Marks & Spencer headquarters on Baker Street.The revelation will prove embarrassing to M&S, which sold its lonhttp://www.ukbusinessproperty.co.uk/news/article/229 JLL sell Edinburgh office complex for 36 million- August 30, 2007 THE State Street office building on Edinburgh's Ferry Road has changed hands for £36 million in one of the biggest property investment deals of the year.Luxembourg-based fund Sireo said it had bought the complex, which extends to 109,153http://www.ukbusinessproperty.co.uk/news/article/228 Bellway Homes selected to redevelop part of Ilford Town centre in 100 million mixed use project- August 29, 2007 London Borough of Redbridge has selected Bellway Homes as the development partner to bring forward a flagship scheme as part of the regeneration of Ilford town centre, known as Unity Square. The £100m mixed-use prhttp://www.ukbusinessproperty.co.uk/news/article/226 Blackrock International Net Asset Value increased by 4.3% in the first half of 2007- August 28, 2007 In it's interim results the company, which listed on AIM in May 2006, reported a pre-tax profit of €12.16m for the six months to 30 June and net assets per share of €39.49 cents against €35.53 on commencement.Chairman Carl McCanhttp://www.ukbusinessproperty.co.uk/news/article/223 Second tower planned in Shard of Glass development at London Bridge- August 28, 2007 Irvine Sellar, the property developer behind plans for the 1,016 feet tall “Shard of Glass” skyscraper on London Bridge, is proposing another 24-storey office tower next door.Mr Sellar said that he had appointed Renzo Piano,http://www.ukbusinessproperty.co.uk/news/article/224 Property Funds now looking to dump property on to the falling market to maintain liquidity- August 28, 2007 Norwich Property Trust, (NPT) the UK's biggest commercial property fund for retail investors, has started a sale of properties to pay off investors exiting the fund.A market source said: "The move is almost inevitable. For so long these fhttp://www.ukbusinessproperty.co.uk/news/article/225 Segro report 4.6% increase in NAV in 6 months to end June and profits up over 50%- August 28, 2007 Segro Plc reported a 4.6 percent rise in first-half adjusted diluted net asset value per share to 811 pence today and said it remained confident of opportunities for further growth.It reported adjusted profit before tax from continuing operhttp://www.ukbusinessproperty.co.uk/news/article/227 GVA Grimley in biggest Birmingham office deal of the year.- August 24, 2007 GVA Grimley has secured the biggest deal of the year in the Birmingham office market letting 50,000sqft of the 70,000 sqft Cannon House to The Insolvency Service at around £26 sq ft., following it's £2.5million refurbishment for Nurton Dhttp://www.ukbusinessproperty.co.uk/news/article/222 DTZ consolidates it's grasp of the Swedish commercial property market- August 24, 2007 DTZ Holdings plc, has acquired Fastighetsplanering AB, a privately owned commercial real estate adviser basedin Stockholm, Sweden. This transaction augments DTZ's position as one ofEurope's top three global advisers in commercial real eshttp://www.ukbusinessproperty.co.uk/news/article/219 Northacre and Minerva joint venture purchases W2 hotel for eventual redevelopment for 20 million- August 24, 2007 Northacre plc announces today that in a joint venture with Minerva Plc they have acquired the LLH Limited Partnership (LLH) from Mr and Mrs Gerrard for a cash consideration of £5.LLH has conditionally contracted to acquire the Leinster Hhttp://www.ukbusinessproperty.co.uk/news/article/220 |