UK Business Property - RSS FeedCommercial Property NewsLand Securities appoints advisers to start work on Britain's biggest commercial property deal.- January 17, 2008 Land Securities has appointed UBS, the Switzerland-based investment bank, to advise on its £17.5 billion demerger.The trail blazing deal is important because if successful, it would encourage others, such as British Land , to follow thehttp://www.ukbusinessproperty.co.uk/news/article/483 Hypo Real Estate lose 294 million on US sub-prime debt deals.- January 17, 2008 Hypo Real Estate, the German investment bank, revealed it was writing off £294 million on US sub-prime debt it had bought, has seen its shares slump by 35% as investors bale out. The sum is similar to Hypo's entire 2006 net profit.http://www.ukbusinessproperty.co.uk/news/article/484 Northern Rock plc downgraded by Fitch Ratings in view of difficulty in getting commercial solution.- January 17, 2008 Northern Rock PLC's individual rating has been downgraded from to 'F' from 'CD', Fitch Ratings says NR has not defaulted and is not in breach of regulatory solvency requirements, but that the difficulty in putting in place a private sechttp://www.ukbusinessproperty.co.uk/news/article/485 Morgan Stanley predict a first half 2008 rally in UK commercial property followed by 2 year bear run.- January 17, 2008 In a note published this morning, Morgan Stanley said it expects a short, sharp, counter-trend rally in UK property shares in the first half of 2008, but remains very bearish on a two-year view.Morgan Stanley anticipates that once this counterhttp://www.ukbusinessproperty.co.uk/news/article/486 Mason Owen opens new office in Chester.- January 16, 2008 Mason Owen, the Liverpool based commercial property agent, has opened a new office in Chester to complement its existing offices in Liverpool, London and Edinburgh.The expansion into offices in Abbey Square, Chester follows on from a rechttp://www.ukbusinessproperty.co.uk/news/article/481 Punch Taverns report subdued Christmas trade but analysts encouraged by rising food sales- January 16, 2008 Punch Taverns , said today that trading over the Christmas period was subdued, with declining consumer confidence coinciding with the smoking ban in England and Wales."Despite the market conditions, our leased estate delivered a sathttp://www.ukbusinessproperty.co.uk/news/article/482 Carter Jonas and Sagentia appointed to deliver communications research park at Martlesham- January 15, 2008 Sagentia, the technology consultants and Carter Jonas the property consultants have been jointly appointed for 3 years to establish and operate a specialised science park called 'Innovation Martlesham' initially based at existing buildings on BT's Adastrhttp://www.ukbusinessproperty.co.uk/news/article/479 ProLogis get Blears approval for Howbury rail linked distribution park to serve London as part of national plan.- January 15, 2008 ProLogis has been given the go ahead by the Government to development of a 2.1 million sq ft strategic rail freight terminal at Howbury Park in Bexley. The scheme had gone to public inquiry in May 2007. Hazel Blears, Secretary of State for Communities andhttp://www.ukbusinessproperty.co.uk/news/article/477 Demand for commercial property space holding up according to GVA Grimley CBI survey- January 15, 2008 A survey taken between late October and mid-November of 178 firms by GVA Grimley and the CBI has found little change in firms plans for commercial property space. Those firms surveyed in Banking, Insurance and Finance were most likely to want to reduce thhttp://www.ukbusinessproperty.co.uk/news/article/475 IPD reports the largest fall in commercial property capital values on record- January 15, 2008 Total returns on the IPD UK Monthly Index fell by 3.7% month on month in December 2007, and capital values fell 4.2% month on month, according to figures released today by IPD, the global real estate measurement company. Today’s total retuhttp://www.ukbusinessproperty.co.uk/news/article/480 |