UK Business Property - RSS FeedCommercial Property NewsProperty fund Hermes selling prime UK assets including stake in Bluewater as foreign predators move in.- September 17, 2007 A STAKE in Bluewater, Britain’s biggest shopping centre, is up for grabs as part of a £243m sell-off by Hermes, the property fund manager.The group is trimming its exposure to the British commercial property market to help fund exphttp://www.ukbusinessproperty.co.uk/news/article/253 Grant Bovey pulls Imagine Homes float in favour of 37.5 million HBOS investment- September 14, 2007 Grant Bovey, the multi-millionaire property developer, has postponed a float of his buy-to-let property business Imagine Homes in favour of a £37.5m equity-and-debt inhttp://www.ukbusinessproperty.co.uk/news/article/250 Development Securities to turn Hammersmith Grove car park into 250 million mixed office scheme- September 14, 2007 Development Securities PLC said it has agreed to purchase a 1.5 acre site in Hammersmith Grove from London Underground Ltd, adding that it will buy an initial 39 pct stake for £19 million in cash and debt.The company said it has appliedhttp://www.ukbusinessproperty.co.uk/news/article/249 12 acre Birmingham site bought by Advantage West Midlands- September 13, 2007 A major regeneration site in Aston, Birmingham, has been bought by regional development agency Advantage West Midlands.The 12-acre site, known locally as the Serpentine, includes the derelict Aston Tavern as well as Aston Events Centre.http://www.ukbusinessproperty.co.uk/news/article/248 David Allen of Atisreal discusses his thoughts about todays commercial property market- September 13, 2007 David Allen, director of investment at Atisreal, warns that the equity market turmoil will impact on the commercial property sector.Much has been reported on the equity market turmoil of late, and specifically the continuing fall in property rhttp://www.ukbusinessproperty.co.uk/news/article/247 New 230 million Quintain development at Wembley- September 13, 2007 Work is set to begin on a new ten-storey mixed-use building located near Wembley Stadium after planning permission was granted by the London borough of Brent.Thought to involve £230m of property development finance, the development willhttp://www.ukbusinessproperty.co.uk/news/article/245 Savills chief comments on the state of UK commercial property market- September 12, 2007 Prices for UK commercial property are in the middle of a 10 per cent downward correction, according to Aubrey Adams, chief executive of Savills.The sector had been slowing down months before the credit crunch, said Mr Adams, and many investorshttp://www.ukbusinessproperty.co.uk/news/article/243 Warner Estate looking to acquire new UK commercial property during uncertain period at the right price- September 12, 2007 Property investment firm Warner Estate Holdings PLC said it maintains positive momentum despite the slowdown in the property market and the nervous nature of financial markets.Warner Estate said the group's debt facilities are all of a long tehttp://www.ukbusinessproperty.co.uk/news/article/244 National Grid appoint DTZ to advise on selling surplus property assets which total 500 sites- September 12, 2007 Britain's power and gas networks operator National Grid Plc said today it was considering selling its non-operational property portfolio and expects to make a decision by the end of the year."We are looking at the non-operational portfolihttp://www.ukbusinessproperty.co.uk/news/article/246 Savills see volume drop in UK but remain confident at half year- September 11, 2007 Savills Plc posted a 7 percent rise in first-half profit and said today that it contined to trade well and was cautiously confident They reported that the UK commercial office market showed tenant demand improving and levels of availability falling. In mahttp://www.ukbusinessproperty.co.uk/news/article/240 |