UK Business Property - RSS FeedCommercial Property NewsCanary Wharf confirms 800 million warchest is ready to exploit London market opportunities- January 7, 2008 Canary Wharf has an £800m war chest, giving it the power to buy bargain assets following the downturn in the commercial-property market, after a series of lucrative disposals from its east London estate in the past two years.The group hahttp://www.ukbusinessproperty.co.uk/news/article/454 Hammerson and Urban Slash win Swansea beauty contest to land 1 billion redevelopment scheme- January 7, 2008 Following a nine-month competition which asked developers to submit their visions for the city, Swansea Coucil have chosen Hammerson and Urban Splash to lead the regeneration of the city's main retail and waterfront sites.Council leaders saidhttp://www.ukbusinessproperty.co.uk/news/article/456 Henry Boot plc continues "solid progress" in upbeat trading update- January 7, 2008 Henry Boot, the Sheffield based developer, performed in line with expectations in 2007, and remains upbeat for the current year despite current market conditions in the property sector.“Overall, against a tough trading envirohttp://www.ukbusinessproperty.co.uk/news/article/455 CBRE buy Birmingham based Grenville Smith & Duncan- January 4, 2008 CB Richard Ellis Group yesterday bought Birmingham rival Grenville Smith & Duncan for a figure believed to be in the region of £9 million.The deal makes CBRE the third largest property consultancy in Birmingham after DTZ and GVA Grimhttp://www.ukbusinessproperty.co.uk/news/article/450 A Bullet point summary of the King Sturge 2008 commercial property market forecast- January 4, 2008 The “Goldilocks economy” is dead (low inflation with above average growth). Mild “stagflation” will persist in 2008 (lower growth with higher inflation) By end Q1 2008 (Easter) commercihttp://www.ukbusinessproperty.co.uk/news/article/451 Talk of Banco Santander stalking Alliance & Leicester lifts some bank stocks- January 4, 2008 Alliance & Leicester Bank has long been regarded as ripe for takeover and has been linked with names such as Bank of Ireland, National Australia Bank, Crédit Agricole of France and Santander. A&L is today valued athttp://www.ukbusinessproperty.co.uk/news/article/453 King Sturge see further 9% drop in commercial property values in 2008- January 3, 2008 King Sturge will today add further gloom to the commercial property sector with a prediction that prices could drop more than 9 per cent in 2008, adding to already significant drops in value over the past six months, the Financial Times has reported.brhttp://www.ukbusinessproperty.co.uk/news/article/447 AIG expected to win National Grid 700 million property auction- January 3, 2008 US insurer AIG is expected to be named as the purchaser of the National Grid's £700 million mixed use and residential property portfolio of 500 brownfield development sites and 675 buildings by the end of this month.The auction of the prhttp://www.ukbusinessproperty.co.uk/news/article/448 LSL Property Services closes 12 Your Move branches with loss of 315 jobs as belts tighten- January 3, 2008 In a trading update today, LSL Property Services, the owner of the estate agency Your Move, has shut 12 branches and axed 315 jobs as the slowdown in the country's housing market begins to take its toll on the industry.Operating profit for 200http://www.ukbusinessproperty.co.uk/news/article/449 Delek Global Real Estate taken to arbitration over aborted purchase of Swiss retail porfolio- January 2, 2008 Delek confirmed that Jelmoli has started arbitration proceedings against a consortium led by the property group after it backed out of the acquisition of the Swiss group's real estate portfolio.The legal notice, which Delek was received on 31http://www.ukbusinessproperty.co.uk/news/article/446 |