UK Business Property - RSS FeedCommercial Property NewsStead & Simpson follow Dolcis into Administration but are bought by Anthony Smith of Shoe Zone- January 29, 2008 Stead & Simpson, the Leicester based High Street shoe retailer, has followed Dolcis into Administration yesterday, in further testimony to trading conditions in the fashion market. This is not a surprise as the £140 million turnover business puthttp://www.ukbusinessproperty.co.uk/news/article/521 Bad news from Alliance & Leicester raises concern about similar problems with other UK banks- January 29, 2008 Alliance & Leicester fired a warning that banks may face further write-downs from exposure to complex financial instruments when they release annual results in the next five weeks.A&L said today the write-down on its holdings of structhttp://www.ukbusinessproperty.co.uk/news/article/518 Funding package secures start to Manchester's Exchange Greengate regeneration scheme- January 28, 2008 Plans to create an urban quarter linking Salford to Manchester will go ahead after English Partnerships announced a multi-million pound cash injection.The £8.5 million funding package will give the green light to the Exchange Greengate,http://www.ukbusinessproperty.co.uk/news/article/515 CBRE say yields have climbed to highest level for 3 years on Prime London property- January 25, 2008 The latest CB Richard Ellis UK Prime Rent and Yield Monitor shows that the All Property average prime yield rose significantly by 50 basis points (bp) in Q4 2007 to 5.7%, the largest quarter-on-quarter shift since 1990.Yields rose sharply across allhttp://www.ukbusinessproperty.co.uk/news/article/512 Propinvest consortium buys Santander HQ complex for 1.4 billion- January 25, 2008 Propinvest has led a consortium which bought the headquarters of Santander Bank in Madrid for £1.4billion, and leased it back on a 40 year lease. The 1.5m sq m complex in Boadilla del Monte was the last and largest property in a portfolio inclhttp://www.ukbusinessproperty.co.uk/news/article/514 Valad launches 500 million commercial property Vulture Fund with Bank of Scotland as partner- January 25, 2008 Valad Property Group today announced the close of its first capital raising for a £500 million Opportunity Fund targeting multi sector opportunities in the UK, with Bank of Scotland Corporate as a cornerstone equity investor.The Fund sthttp://www.ukbusinessproperty.co.uk/news/article/513 Marstons cautious about prospects for year ahead- January 25, 2008 Marston's, which owns the Pitcher and Piano chain and is the brewer of Pedigree, Banks's and other Marston beers, became the latest pub firm to paint a gloomy picture about the year ahead today, warning of nervy pubgoers, falling margins and rising costs.http://www.ukbusinessproperty.co.uk/news/article/511 Helical Bar sees value in todays commercial property market.- January 24, 2008 Helical Bar, a company with a reputation as a savvy operator, says it sees the prospect of value emerging in the commercial property market for the first time since 2005.The remarks echo comments made earlier this week by Land Securities, the UK’s lhttp://www.ukbusinessproperty.co.uk/news/article/509 Bank to keep rates up to protect against inflation as UK economy holds up better than expected- January 24, 2008 Interest rates are likely to come down next month to safeguard the economy but aggressive cuts of the kind announced by the U.S. Federal Reserve are not on the cards, the Bank of England signalled yesterday.Minutes of the Bank's Jan 9-10 rate-http://www.ukbusinessproperty.co.uk/news/article/508 Birmingham to get 5 star Westin hotel as part of Ballymore's 500 million Snowhill scheme- January 24, 2008 Birmingham is to get its first five-star hotel in the city's new Snowhill mixed-use scheme operated by US operator Starwood Hotels & Resorts. The decision to open a Westin five star hotel will bring the Westin brand to the UK for the first time.http://www.ukbusinessproperty.co.uk/news/article/507 |