UK Business Property - RSS FeedCommercial Property NewsVincent Tchenguiz to sell stake in Tesco joint venture- February 25, 2008 Vincent Tchenguiz, the property entrepreneur, is to sell his share in a £490 million Tesco supermarkets joint venture, followed by a refinancing of up to £700 million of Mr Tchenguiz's residential property to help to fund expansion elsewhere,http://www.ukbusinessproperty.co.uk/news/article/568 1billion UK shopping centre fund to be launched next month by John Cutts- February 22, 2008 Parkridge, a European developer run by John Cutts, is next month to launch a £1billion UK shopping centre fund that will be seeded with a portfolio of existing properties.The Luxembourg-based fund will have a target value ofhttp://www.ukbusinessproperty.co.uk/news/article/565 Scottish Minister told at SPF conference that "the planning system is not delivering"- February 22, 2008 Scottish communities minister, Stewart Maxwell MSP, promised major planning reforms at the Scottish Property Federation’s inaugural annual conference today, but SPF vice chairman, Kenneth Ross OBE, warned that it could be 2018 before these were effehttp://www.ukbusinessproperty.co.uk/news/article/564 Teesport gets go-ahead for 200million expansion to give 6-fold increase in capacity- February 22, 2008 Teesport has been given the green light today to expand to a deep-sea container port by shipping minister Jim Fitzpatrick.The £200 million development in the North East will increase the port’s capacity from around 250,000 twenty fhttp://www.ukbusinessproperty.co.uk/news/article/566 LloydsTSB delights the market with strong 2007 results.- February 22, 2008 LloydsTSB, which tried to rescue of Northern Rock last summer, showed its strength in avoiding much of the credit crisis afflicting its rivals.Britain's fifth-largest bank is a small player in investment banking and, under chief executive Erichttp://www.ukbusinessproperty.co.uk/news/article/567 Galliford Try first half profits up 63% but warns of increasingly difficult market- February 21, 2008 Galliford Try, the housebuilder and construction firm, said today its first-half pretax profit rose 63% but it warned on the outlook for its housing division due to challenging market conditions.Galliford, which focuses on affordable houhttp://www.ukbusinessproperty.co.uk/news/article/563 Alliance & Leicester report profits down 30% as top-up mortgages are withdrawn.- February 20, 2008 Alliance & Leicester's 2007 profit tumbled 30% as it suffered a £185 million writedown on its exposure to risky assets.A&L, the country's seventh-biggest listed bank, reported a 2007 pretax profit of £399 million on Wednhttp://www.ukbusinessproperty.co.uk/news/article/560 Park Plaza Hotels bails Galliard Homes out of Westminster Bridge Apart-Hotel development.- February 20, 2008 Park Plaza Hotels Ltd said its Euro Sea Hotels NV unit has acquired the remaining 66% of Marlbray Ltd, the developer of the Park Plaza Westminster Bridge hotel and apartments, for about £10.27 million in cash and the issue of 735,000 new Park Plazahttp://www.ukbusinessproperty.co.uk/news/article/562 Bradford & Bingley rating downgraded by Standard & Poors may trigger Northern Rock response from savers.- February 20, 2008 Last Wednesday after getting the UK Bank reporting season off to an inauspicious start as it alarmed the City with greater-than-expected writedowns of £94 million emanating from a global credit crisis triggered by massive default by US households onhttp://www.ukbusinessproperty.co.uk/news/article/561 More pubs to be dumped on the market this time by Robert Tchenguiz's Laurel Pub Company- February 20, 2008 Robert Tchenguiz is weighing up options for the disposal of up to 100 loss-making pubs in the Laurel Pub Company business ahead of a key refinancing next month with the company's bankers Kaupthing and Dresdner Kleinwort .Laurel is hoping to dihttp://www.ukbusinessproperty.co.uk/news/article/559 |