UK Business Property - RSS FeedCommercial Property NewsErinacous in talks with lenders ahead of releasing half year results- September 24, 2007 Erinaceous Group Plc said today it was in talks with lenders about the terms of its credit facilities and certain breaches of the covenants in its credit agreement.Erinaceous, which said earlier this month it was delaying the release of its hahttp://www.ukbusinessproperty.co.uk/news/article/261 Nottingham approves 390 million Trent Basin regeneration plan.- September 21, 2007 Nottingham’s city leaders have given outline planning permission for a £390m 28-acre regeneration scheme led by English Partnerships and ISIS Waterside Regeneration. Outline planning has been granted for the Trent Basin scheme, locatedhttp://www.ukbusinessproperty.co.uk/news/article/258 Topland sells stake in Tesco joint venture after making 275 million in 3 years- September 21, 2007 Private property firm Topland Group Holdings said on Friday it had sold its 50 percent stake in a £950 million joint venture with the country's largest supermarket retailer, Tesco.Topland, which is headed by property entrepreneur Sol Zakhttp://www.ukbusinessproperty.co.uk/news/article/259 MWB postpones 700 million hotel sale due to credit market conditions- September 21, 2007 Property firm Marylebone Warwick Balfour has postponed sale of its Malmaison and Hotel Du Vin hotel portfolio, blaming "current uncertainties".The MWB sale is the latest in a series of commercial property deals halted as a result ofhttp://www.ukbusinessproperty.co.uk/news/article/260 Four Pillars Hotel Group set to grow substantially under new ownership- September 20, 2007 Oxfordshire-based hotel group Four Pillars has been sold to property investment vehicle, RREEF, which is owned by merchant bank Deutsche, the consideration is believed to be £121m. It will set up a joint venture with the Four Pillars founders to idehttp://www.ukbusinessproperty.co.uk/news/article/257 Capital & Regional boss says commercial property market sentiment is damaging healthy fundamentals- September 19, 2007 British property fund manager Capital & Regional Plc said the UK property market was becoming increasingly vulnerable to bouts of negative sentiment powerful enough to damage genuinely healthy market fundamentals.In an interview with Reuthttp://www.ukbusinessproperty.co.uk/news/article/256 New AIM commercial property company Eatonfield encourages investors- September 19, 2007 COMMERCIAL property development venture Eatonfield has marked its maiden results as a London Stock Market listed company with an above market expectation profit hike.The company, which is also a housebuilder, has its headquarters in Mold and fhttp://www.ukbusinessproperty.co.uk/news/article/255 M&B losses increase from 60 million to 140 million from failed pub deal with Robert Tchenguiz- September 17, 2007 Mitchells & Butlers said today that the mark-to-market loss on a hedge it took out against its shelved property joint venture with activist shareholder Robert Tchenguiz has more than doubled.The owner of the Harvester, O'Neill's andhttp://www.ukbusinessproperty.co.uk/news/article/251 IPD say total returns on commercial property worst for 15 years- September 17, 2007 Commercial property returns in August fell to their lowest point since December 1992 the IPD index has shown, offering investors a zero appreciation on their holdings.The year to date return across office, retail and industrial property for thhttp://www.ukbusinessproperty.co.uk/news/article/254 Property Investment firm CLS Holdings disappoint the market with half year results- September 17, 2007 Property investment firm CLS Holdings reported a 5.4 rise in adjusted net asset value per share today but said the property market had become less optimistic due to financial market turmoil.The company said its pursuit of added value opportunihttp://www.ukbusinessproperty.co.uk/news/article/252 |