UK Business Property - RSS FeedCommercial Property NewsCardiff approves regeneration of industrial riverside to link the Bay to the City Centre in mixed use scheme- January 15, 2008 A corridor of former industrial land between Cardiff city centre and the bay will be transformed under plans approved last week, to link up the two quality environments.The Havannah Quay scheme will transform 13ha of "bleak", run-down rivehttp://www.ukbusinessproperty.co.uk/news/article/478 Coventry about to appoint architects to create 1 billion masterplan City Centre scheme.- January 14, 2008 Coventry Council is set to ask architects Jerde Partnership to undertake a masterplan to double the number of shops in the city centre at their meeting tomorrow..The radical plans would see large-scale demolitions within the city centre, redevhttp://www.ukbusinessproperty.co.uk/news/article/476 Another "opportunity" fund expects to invest 1 billion in undervalued commercial property company shares- January 14, 2008 Another "opportunity" fund has announced a launch, this time to buy commercial property company shares, adding to the evidence that the bottom of the market has been reached.Shares in UK commercial property firms, have plunged by 44%http://www.ukbusinessproperty.co.uk/news/article/472 Shares in Northern Rock fall as market sees nationalisation as most likely outcome.- January 14, 2008 Shares in Northern Rock fell as much as 7 percent today as the likelihood it will be nationalised increased after the government lined up Ron Sandler, a senior banker and former adviser to prime minister Gordon Brown, who confirmed at the weekend that hehttp://www.ukbusinessproperty.co.uk/news/article/474 GVA Grimley survey reports banks reigning in commercial property market with lower LTV's and poorer terms- January 14, 2008 64% of commercial banks that lend to the commercial property sector expect credit conditions to deteriorate further this year owing to the effects of the credit crunch, according to a survey from GVA Grimley released today.Banks have tightenedhttp://www.ukbusinessproperty.co.uk/news/article/473 Property Development activity at 4 34 year low say Savills- January 11, 2008 Property development work shrank for a second month in December, posting its biggest fall in at least four years and 9 months as tumbling commercial property values hit builder sentiment, data showed today.In a monthly survey, Savills sahttp://www.ukbusinessproperty.co.uk/news/article/468 CBRE monthly index shows decline of 4.3% in commercial property values for December- January 11, 2008 Commercial property values saw the sharpest falls on record last month as the market continued to struggle to regain its footing after a bruising few months of losses.About 4.3 per cent was wiped off the value of property across the UK in Decehttp://www.ukbusinessproperty.co.uk/news/article/470 New Star Asset Management takes a beating, but forecasts property to return to normality after Q2 2008- January 11, 2008 New Star Asset Management is one of the big losers in the credit crunch and the market turmoil that has resulted.The UK company – set up by John Duffield after he quit Jupiter – has seen its share price plummet from a peak of 485p last Jhttp://www.ukbusinessproperty.co.uk/news/article/471 Rightmove reports full year pre-tax profits around 32million- January 11, 2008 Property website operator Rightmove said today its full-year pretax profit would be towards the top end of analysts' expectations, as revenue was expected to rise 69%.Rightmove, which runs Britain's busiest property website, said 2007 prhttp://www.ukbusinessproperty.co.uk/news/article/469 Hatfield 's 100 million town centre redevelopment plan approved by Blears- January 10, 2008 Plans for a £100million state-of-the-art town centre in Hatfield were given a massive boost after the Government gave its consent.Communities and Local Government Secretary Hazel Blears approved compulsory purchase and road closure orderhttp://www.ukbusinessproperty.co.uk/news/article/465 |