UK Business Property - RSS FeedCommercial Property NewsUK House prices fall for 4th consecutive month say the Nationwide- February 29, 2008 House prices fell for a fourth month running in February to post the lowest annual rate of inflation in more than two years, the Nationwide Building Society said today.It said house prices fell 0.5% on the month in February after a downwardlyhttp://www.ukbusinessproperty.co.uk/news/article/578 Too much money over past 3 years has caused the commercial property market correction- February 28, 2008 Although the UK commercial property market exists in the climate of international finance, the key problem which led to the current market situation was an excess of funds in our system over the past 3 years. This excess liquidity arose at two levels. Thehttp://www.ukbusinessproperty.co.uk/news/article/577 RBS reports pre-tax profits up 8% to 9.9 billion- February 28, 2008 The Royal Bank of Scotland, the UK's second largest bank, said profits before tax including its purchase of Dutch bank ABN AMRO, totalled £9.9 billion in 2007 compared with £9.2billion in 2006. The bank lifted it's dividend by 10% to underlhttp://www.ukbusinessproperty.co.uk/news/article/576 FSA boss says era of cheap credit is over- February 27, 2008 The head of Britain's Financial Services authority warned on Wednesday that the age of cheap credit may be over.In an interview on BBC radio, Hector Sants, chief executive of the regulatory body, said he did not think financial markets would rhttp://www.ukbusinessproperty.co.uk/news/article/575 HBOS confirms analysts expectations with 3% rise in profit to 5.71 billion- February 27, 2008 Britain's biggest mortgage lender HBOS posted a 3% rise in annual underlying profit today, just short of analysts' expectations, as margins in its core retail business came under pressure.HBOS reported an underlying pretax profit of £http://www.ukbusinessproperty.co.uk/news/article/574 Leeds appoint architects for the 800 million Eastgate scheme- February 26, 2008 In February 2007, Leeds City Council granted planning consent for the 122,000m(2) retail-led regeneration of Leeds city centre, construction of the £800 million scheme is expected to begin next year and will take 3 years to complete. Eashttp://www.ukbusinessproperty.co.uk/news/article/572 Mapeley is takeover target- February 26, 2008 Shares in Mapeley jumped after the property specialist said it has received an indicative non-binding proposal from an unnamed suitor."Discussions are at an early stage and there can be no certainty that any offer will be made or as tohttp://www.ukbusinessproperty.co.uk/news/article/573 Minerva suffers drop in NAV in difficult London market conditions and books a 114 million loss- February 25, 2008 Minerva, the real estate developer, suffered a drop in net asset value of almost 20% over the past six months as conditions in the property market deteriorated rapidly.The company, which has been at the centre of take- over speculation for sevhttp://www.ukbusinessproperty.co.uk/news/article/571 Oz Bank Macquarie expected to bid for Trillium- February 25, 2008 Australia-based bank Macquarie Bank is considering making a takeover bid for Trillium, the outsourcing business that real-estate company Land Securities plans to list, a source familiar with the matter said.The bank is evaluating the situationhttp://www.ukbusinessproperty.co.uk/news/article/570 Hammerson reports 2007 NAV up 3% while taking steps to reduce City office exposure- February 25, 2008 Hammerson Plc said today that its full-year adjusted net asset value rose by 3%, as its properties on long-term occupier contracts showed resilience in a slowing real estate market.Hammerson said adjusted profit before tax rose by 24.1%http://www.ukbusinessproperty.co.uk/news/article/569 |