UK Business Property - RSS FeedCommercial Property NewsSchroders to launch 1 billion Vulture Fund as it takes 27% loss on former Natwest HQ.- January 21, 2008 Schroders, the Asset management firm, is set to launch a new £1 billion "vulture fund" to take advantage of a slump in commercial property prices, the Sunday Telegraph has reported.William Hill, Schroders' head of phttp://www.ukbusinessproperty.co.uk/news/article/493 Max Ziff and Tim James resign from Humberts after first half loss on current year trading revealed- January 21, 2008 Humberts Group PLC said it expects a 'small' loss for the first quarter of the current year and an overall first-half loss on disappointing trading, and also announced the resignation of executive chairman Tim James and chief executive Max Ziff effectihttp://www.ukbusinessproperty.co.uk/news/article/498 Parkwood announces sale of Gresham House stake ahead of today's EGM- January 21, 2008 Parkwood Property Investments LLP has, this morning, announced the conditional sale of its 29 per cent shareholding in Gresham House plc. As a result, Parkwood will not be voting at the EGM it called today in a bid to oust the Gresham board over whahttp://www.ukbusinessproperty.co.uk/news/article/492 Dolcis collapses into administration- January 21, 2008 KPMG has been appointed to find a buyer for Dolcis. It is the first major high street retailer to run into trouble in this downturn, having traded since 1863. Joint Administrators Brian Green, Allan Graham and Howard Smith from KPMG's Restructhttp://www.ukbusinessproperty.co.uk/news/article/496 JC Flowers stalking Friends Provident with 4.1 billion offer- January 21, 2008 JC Flowers, the U.S. private equity firm, has made an informal offer worth £4.1 billion for Friends Provident and is expected to update the market this week on its plan, a report said.JC Flowers is thought to have told the insurerhttp://www.ukbusinessproperty.co.uk/news/article/494 Former Dunlop Haywards boss Ian McGarry found guilty of 11.5 million mortgage fraud- January 18, 2008 In a case brought by his former employers, Erinaceous, Ian McGarry former head of valuations at Dunlop Haywards was found guilty of an £11.5 million mortgage fraud in the High Court today.Mr Justice David Steel told McGarry he was "http://www.ukbusinessproperty.co.uk/news/article/491 Qatari's gain majority control of Shard of Glass project as Simon Halabi sells his one third stake- January 18, 2008 Qatari investment funds are understood to have agreed to pay about £30 million cash for Mr Halabi's stake in the troubled Shard of Glass skyscraper development. The terms are thought to be similar to those of a deal struck last week between the samehttp://www.ukbusinessproperty.co.uk/news/article/490 Scottish Equitable follows Friends Provident with a 2 billion commercial property fund lock in.- January 18, 2008 Scottish Equitable said yesterday that 129,000 small investors in its £2 billion property fund would be locked in for up to a year, although payments relating to regular income already being paid, retirements and death claims will not be affected. Ihttp://www.ukbusinessproperty.co.uk/news/article/488 Another "opportunity" fund is launched by Resolution Property with 3 billion warchest.- January 18, 2008 Resolution Property, run by property tycoon Robert Laurence, has raised £600m from a range of European and US investors, thought to include Yale and Harvard universities as well as the pension fund of Hewlett-Packard, is to launch a £3 billionhttp://www.ukbusinessproperty.co.uk/news/article/489 Sheffield announces growth plan which will lead to Northern Super City with Manchester and Leeds- January 17, 2008 The plan drawn up by city development company, Creative Sheffield, aims to generate 30,000 jobs and build a 140,000m2 business district in the city.The plan also proposes fast rail links through the Peak District National Park to inegrate thehttp://www.ukbusinessproperty.co.uk/news/article/487 |