UK Business Property - RSS FeedCommercial Property NewsSmoking ban puts up to 5000 pubs and bars at risk.- August 24, 2007 As many as 5,000 pubs and bars in the UK could cease trading by 2011 through a combination of the smoking ban, a clampdown on drinks promotions and declining beer sales, experts have warned.A new report from consultancy Pricewaterhouse-Coopershttp://www.ukbusinessproperty.co.uk/news/article/221 Deals worth 2.5bn collapse as investors retreat from commercial property- August 23, 2007 Another two property deals worth £600m have fallen through, bringing the tally of aborted UK commercial transactions over the past week to more than £2.5bn as the credit crisis takes its toll on the market for offices, shops and industrial warhttp://www.ukbusinessproperty.co.uk/news/article/215 Londons Office Rents top global league say CBRE- August 23, 2007 Asking rents for prime office space in 10 major global markets rose in the year ended June 30, with the London’s West End posting the biggest rise and its greatest increase in 19 years, CB Richard Ellis Group Inc said on Wednesday.Five ohttp://www.ukbusinessproperty.co.uk/news/article/217 Some commentators see parallels with 1987 in the commercial property market today- August 23, 2007 Fund managers with good memories are looking at today's volatile markets and drawing parallels with the market crash of the late eighties. Not all the conditions today resemble those of 20 years ago and those differences may be significant.Frohttp://www.ukbusinessproperty.co.uk/news/article/218 F&C Commercial Property Trust faces EGM winding up motion after share price fails to rise- August 22, 2007 F&C Commercial Property Trust, the UK's biggest property investment trust, is looking at proposals to wind up the company after its share price failed to meet a self-imposed target, the Financial Times reported.The £921m F&C Comhttp://www.ukbusinessproperty.co.uk/news/article/216 Brixton posts strong first half results on the back of shortage of London industrial property- August 21, 2007 Industrial and warehouse property company Brixton plc reported an 11.4 percent rise in net asset value (NAV) today and said it remained confident about its prospects.Brixton, whose key assets are in southeast England and Heathrow Airport arhttp://www.ukbusinessproperty.co.uk/news/article/214 London offices only sector to relieve the gloom of lowest monthly UK commercial property returns for 12 years- August 21, 2007 UK commercial property returns for July were the lowest in 12 years and mark a significant market slowdown, according to monthly figures from Investment Property Databank (IPD).The IPD Monthly Index delivered an all-property total return of 0.http://www.ukbusinessproperty.co.uk/news/article/213 Workspace NAV up 4.1% in last quarter reflecting strength in small business market.- August 20, 2007 London’s vibrant small business community helped office landlord Workspace Plc report a 4.1 percent rise in net asset value in the three months to end-June on Monday, beating market expectations.Landlord to more than 4,000 small businesshttp://www.ukbusinessproperty.co.uk/news/article/209 Norwich Union's second property fund repricing angers IFA's- August 20, 2007 Norwich Union has embarked on a second round of property fund re-pricing amid signs the rate of outflows from the sector has increased.The life office moved its £2.6 billion Property Life fund and £1.2 billion Property Pension fundhttp://www.ukbusinessproperty.co.uk/news/article/212 Banks say mortgage lending is up, Buiding Societies say it is down, which may be loss of market share for BS- August 20, 2007 UK net underlying mortgage lending picked up in July, the British Bankers’ Association said today, suggesting the housing market is still weathering five interest rate hikes in the past year.However, building societies said the Bank of Ehttp://www.ukbusinessproperty.co.uk/news/article/210 |