UK Business Property - RSS FeedCommercial Property NewsCLS Holdings bails out of Shard project with a loss of 25 million as Qatari investors pick up the pieces.- January 10, 2008 CLS's interest in the two properties adjacent to London Bridge Station was sold to Zijaj Limited at a price of £30 million which has been settled in cash.Zijaj is believed to be a consortium of Qatari investors linked to bank QInvest.brhttp://www.ukbusinessproperty.co.uk/news/article/467 A 3rd commercial property "opportunity" fund launch suggests that the market will turn shortly.- January 10, 2008 A third commercial property "opportunity fund" to be launched in a week when panicked investors are still running for the doors suggests that the market may be about to turn. Following launches by Threadneedle and Invista Real Estate Inhttp://www.ukbusinessproperty.co.uk/news/article/466 Investors return to commercial property as GIC builds 3% stake in British Land- January 10, 2008 The Government of Singapore has quietly built up a 3% stake in developer British Land in a sign that investors could be returning to the UK's battered commercial property market.GIC is now the fourth largest shareholder in British Land, with ahttp://www.ukbusinessproperty.co.uk/news/article/464 Miller reveals impact of housing slump on profits- "Bad across the board" Keith Miller said.- January 9, 2008 The impact of the downturn in the housing market was underlined when Miller Group, the UK's biggest privately-owned building firm, surprised the city with news that profits fell last year.In a trading update, Edinburgh-based Miller said profithttp://www.ukbusinessproperty.co.uk/news/article/463 Maple Grove selected to lead development of Blackburn's Cathedral area with 70 million scheme- January 9, 2008 Maple Grove Developments, part of the Lancashire based Eric Wright Group, has been selected as preferred developer for the £70m regeneration of Blackburn’s Cathedral Quarter, by Blackburn with Darwen Borough Council and Blackburn Cathedral Devhttp://www.ukbusinessproperty.co.uk/news/article/462 Planning approval for Manchesters biggest regeneration scheme at Holt Town given- January 9, 2008 Manchester City Council has approved plans for the largest scheme ever to be developed in the city.The outline planning application for Holt Town Waterfront in East Manchester was submitted by specialist regeneration developer Cibitas Investmehttp://www.ukbusinessproperty.co.uk/news/article/461 GVA buys Alan Watt Consulting- January 8, 2008 GVA Grimley has kicked off its growth plan for Scotland with the acquisition of Glasgow agency Alan Watt Consulting.http://www.ukbusinessproperty.co.uk/news/article/460 Savills report record 2007 so far.- January 8, 2008 2007 has been a record year for Savills, with the business benefiting from its diversified activities and international presence, the company said today in a trading update. Trading conditions in many commercial investment markets, particuhttp://www.ukbusinessproperty.co.uk/news/article/457 Knight Frank report highlights crash in South-East office market values of up to 26%.- January 8, 2008 Investors in the south-east office market who bought at the top of the property bubble last year are holding paper losses of up to 26 per cent in the most changed example of how quickly the market has turned. Lenders who hold these properties as sechttp://www.ukbusinessproperty.co.uk/news/article/458 Sales volumes in commercial property fell in Q4 2007 to a quarter of the Q4 2006 levels.- January 8, 2008 Sales volumes in commercial property fell from £15billion in the third quarter to £5.5billion in the fourth, according to Property Data, an independent data provider. It was the weakest fourth quarter since 2000. The last time quarterlyhttp://www.ukbusinessproperty.co.uk/news/article/459 |