UK Business Property - RSS FeedCommercial Property NewsHumberts appoint new interim CEO- February 14, 2008 Humberts today announced the appointment, with immediate effect, of Michael Nower as interim Chief Executive following the abrupt departure of CEO Max Ziff last month when the state of thehttp://www.ukbusinessproperty.co.uk/news/article/549 Savills report that confidence among commercial property developers at an all time low- February 12, 2008 Savills Total Commercial Development Activity index, a net balance used to provide a measure of overall activity in the UK commercial property sector – registered -14.5%, only just above December’s record low of -15.4%. a href="hthttp://www.ukbusinessproperty.co.uk/news/article/546 St Modwen results impress- February 11, 2008 Property developer St Modwen posted an impressive set of results today. The brownfield site regenerathttp://www.ukbusinessproperty.co.uk/news/article/545 Northern Rock management 's own plan win support of sharholders- February 8, 2008 Northern Rock is to cut its £113 billion mortgage book in half under its in-house rescue plan, in a bid to see off a rival proposal from Sir Richard Branson's Virgin Group, The Daily Telegraph reports.Paul Thompson, the former insuhttp://www.ukbusinessproperty.co.uk/news/article/544 Turnbull steps down as Erinaceous Chairman- February 8, 2008 Erinaceous Group PLC said Nigel Turnbull has resigned as chairman with immediate effect and the company has appointed non-executive director Lord Razzall to take over the position.The company said Turnbull has agreed to provide his services tohttp://www.ukbusinessproperty.co.uk/news/article/543 Bank Rate down to 5,25% was the first true prediction Roger Bootle gave the Sheds 2008 audience- February 7, 2008 Attendees at the Sheds 2008 show yesterday were given the benefit of Roger Bootle, the well respected boss of Capital Economics, analysis of the current market situation and it's future propects.He correctly predicted a fall in Bank Base Ratehttp://www.ukbusinessproperty.co.uk/news/article/540 HSBC analysts say UK commercial property correction has further 25- 35% to go.- February 7, 2008 The UK commercial property market is heading for a 25-35% price correction in 2008 HSBC analysts have predicted, in a mass downgrading of real estate investment trusts.Rental values and yield would experience a sustained period of suppressed vhttp://www.ukbusinessproperty.co.uk/news/article/539 Sunderland gives green light to Farringdon Row development- February 7, 2008 Sunderland Planners this week gave full planning permission to urban regeneration company Sunderland Arc's proposals to redevelop Farringdon Row.The 5ha site is located on the western approach to Sunderland overlooking the River Wear, adjacenthttp://www.ukbusinessproperty.co.uk/news/article/541 British Land announce 8.9% fall in NAV but see "light at the end of the tunnel"- February 7, 2008 British Land Company PLC,the UK's second biggest REIT, today announced an 8.9% markdown in the value of its property portfolio to £18.4 billion for the third quarter of 2007-08, but said there were signs that the worst of the downturn in the UK realhttp://www.ukbusinessproperty.co.uk/news/article/542 Telereal gets green light for 74 million City office development featuring roof gardens- February 7, 2008 Telereal's £74 million development in the City of London to replace the BT Fore Street Telephone Exchange has been given the green light by the City of London, after it satisfied complex planning requirements.Sandwiched on a plot nhttp://www.ukbusinessproperty.co.uk/news/article/538 |