UK Business Property - RSS FeedCommercial Property NewsJones Lang LaSalle announce up to 80 UK jobs to go- September 15, 2008 Jones Lang LaSalle is cutting 60-80 jobs, or 4-6% of its workforce in the UK, due to the property market downturn, the global real estate services firm said today.A spokeswoman for the company, which employs more than 30,000 people in 60 counthttp://www.ukbusinessproperty.co.uk/news/article/950 Real Estate Investors in 4million office deal- September 12, 2008 AIM listed Real Estate Investors Plc. said it will buy York House, a 22,000 sq ft office building, on the corner of Great Charles Street and Newhall Street in central Birmingham for £4 million cash.The Birmingham-based property company lhttp://www.ukbusinessproperty.co.uk/news/article/944 Irish Banks may have 6 billion of bad debts in residential property development.- September 12, 2008 Irish banks could have combined bad debts of over €6 billion in 2009 and 2010 according to Dresdner Kleinwort, and Bank of Ireland will have little option but to issue a scrip dividend instead of a cash paymenthttp://www.ukbusinessproperty.co.uk/news/article/945 Asquith Developments, the West Yorkshire residential developer goes bust- September 12, 2008 Asquith Properties the Pontefract-based property development business, founded by Russell Baker and Katherine Stacey in the 1990s, has gone into administration, blaming cash flow problems caused by difficulties in accessing finance to fund its developmenthttp://www.ukbusinessproperty.co.uk/news/article/946 Will RBS save Dunedin's Industrial Fund from collapse- September 12, 2008 Dunedin Property Industrial Fund is in trouble. The fund owns the 10m sq ft Industrious portfolio, which has been up for sale for some months. The fund’s problems were revealed on September 5th when a notice was issued to holders of thehttp://www.ukbusinessproperty.co.uk/news/article/947 Lehman Brothers post Q3 loss of 2.21 billion as shares slide 45% as fear stalks markets- September 11, 2008 Lehman Brothers, the US investment bank, lost £ 2.21bn ( $3.9bn) in the third quarter, mainly from a further $5.6bn of write-downs related to commercial and residential property investments and $760million on investments. That compares with a Q3http://www.ukbusinessproperty.co.uk/news/article/940 Galliford Try produce respectable FY results on sales up 35%- September 11, 2008 Galliford Try have reported sales up 35% to £1.832bn with pre-tax profits level at £60.3million in it's 2008 FY preliminary results.The Galliford Try model of operating in both construction and housebuilding markets durhttp://www.ukbusinessproperty.co.uk/news/article/942 Costain get 80million Newbury contract to build Parkway after 20 year gestation.- September 11, 2008 Costain has been awarded an £80 million contract by Standard Life Investments to construct a retail-led mixed use development with Shearer Properties in Parkway, Newbury, West Berkshire.The contract is expected to be completed in 2http://www.ukbusinessproperty.co.uk/news/article/941 Further contrast in the High Street with Morrisons up and John Lewis down- September 11, 2008 In 2 more views of the high street today Wm Morrison Supermarkets met forecasts with a 19% rise in first-half profit and said it was well placed to continue taking market share as cash-strapped Britons flock to its budget-focused stores.Meanwhhttp://www.ukbusinessproperty.co.uk/news/article/943 News Corp decides to stay at Wapping- September 10, 2008 News Corporation has announced plans to build a "new campus" on its existing Wapping site in a move it says will boost employment in the area. The proposed scheme will bring together News International, Harper Collins, MySpace, Dow Jones,http://www.ukbusinessproperty.co.uk/news/article/939 |