UK Business Property - RSS FeedCommercial Property NewsWarner Estate buys City office building for 44million on a 5.51% yield- August 1, 2007 Warner Estate Holdings PLC confirms the purchase of Cable House, EC2 from a private vendor at £44million, reflecting a net initial yield of 5.51%.Cable House, at 56-62 New Broad Street, provides 57,055sq ft of Grade A office spacehttp://www.ukbusinessproperty.co.uk/news/article/189 Savills buys US investment banking firm to regain foothold in US market- August 1, 2007 Savills Plc said today it had agreed to buy U.S. real estate investment banking firm Granite Partners for an initial consideration of $54 million.The move marks the UK company's first independent venture into the U.S real estate market ahttp://www.ukbusinessproperty.co.uk/news/article/186 M&B 4.5 billion pub property deal with Tchenguiz put on back burner- August 1, 2007 Mitchells & Butlers (M&B) has announced that it has postponed its proposed property joint venture with Robert Tchenguiz due to concerns over the current state of the debt markets.The company said that substantial progress had been madehttp://www.ukbusinessproperty.co.uk/news/article/190 Standard Life attempts to discourage investor flight from property funds with 6.7% value reduction- August 1, 2007 Standard Life has slashed the value of its £4.5 billion property funds, becoming the first investment house to give a serious warning about price falls in the £700 billion UK commercial property sector.Thousands of Standard Life inhttp://www.ukbusinessproperty.co.uk/news/article/188 |