UK Business Property - RSS FeedCommercial Property NewsGroundbreaking on 175 Million Newcastle business park development to start soon- March 31, 2008 Groundbreaking on a £175m project to build eight new office blocks will cover an 18-acre site in an extension to the Quorum Business Park in Longbenton, Newcastle will commence soon.The partners behind the scheme expect each building tohttp://www.ukbusinessproperty.co.uk/news/article/624 Enterprise Inns to restructure into opco propco ready for change to REIT status.- March 31, 2008 Enterprise Inns, the country's second-biggest pub company, is in advanced talks with the Government about becoming the first non-property company to convert to a real estate investment trust (REIT). The group – which has dropped plans outlined lasthttp://www.ukbusinessproperty.co.uk/news/article/623 Punch withdraws solo bid for M&B amid talk of concert party.- March 28, 2008 Pubs group Punch Taverns said today it was withdrawing its bid proposal for rival Mitchells & Butlers, but that it was still considering a joint offer with a third party."Preliminary discussions with, and preliminary due diligence onhttp://www.ukbusinessproperty.co.uk/news/article/622 Canary Wharf owner Songbird sees profits evaporate as valuation losses erode performance- March 28, 2008 Songbird Estates, the partially listed property company that owns 61% of Canary Wharf Group, said it "was looking very closely" at a couple of assets outside its London Docklands heartland despite profits being hit by the collapse in commercialhttp://www.ukbusinessproperty.co.uk/news/article/621 Credit crunch enters new phase according to Bank's King- March 27, 2008 The credit crunch has entered a new and difficult phase but policymakers in Britain still have to balance slowing growth against rising inflation, Bank of England Governor Mervyn King said yesterday.Sterling weakened after BoE Monetary Policyhttp://www.ukbusinessproperty.co.uk/news/article/619 Eatonfield buy former hospital at Lesmahagow for regeneration- March 27, 2008 Mold and Cardiff-based commercial property developer and house builder Eatonfield Group is buying a former hospital site in Scotland for a regeneration project that could be worth up to £40m.The Alternative Investment Market-listed compahttp://www.ukbusinessproperty.co.uk/news/article/620 Sainsburys launch second joint venture with Land Securities- March 26, 2008 The second Joint Venture announced today is a 50:50 arrangement with Land Securities which will hold 38 Sainsburys and 1 Waitrose store, valued at £1.2 billion, representing a net equivalent yield of 5.1%. Sainsburys is further pursuinghttp://www.ukbusinessproperty.co.uk/news/article/617 Crown Estates consider launching a REIT to handle 500 million Quadrant project- March 26, 2008 The Crown Estate, the company that owns the Sovereign’s land and property in the UK, is drawing up plans for a new vehicle to control its £2.2billion estate around Regent Street in London. It is thought that the intention will be to form ahttp://www.ukbusinessproperty.co.uk/news/article/618 Altrincham shopping centre bought for 16 million- March 25, 2008 Altrincham-based property investment company, Property Route, has completed the £16million purchase of Altrincham's Grafton shopping centre.Property Route, which bought the Grafton centre from Threadneedle Property Investments, ishttp://www.ukbusinessproperty.co.uk/news/article/614 Government taking tough line against those seeking to avoid paying full rates on empty commercial property- March 25, 2008 Local government minister John Healey has threatened to introduce legislation to prevent businesses flouting new tax rules on empty commercial buildings.His warning came ahead of changes to tax rules due to come into effect next week that willhttp://www.ukbusinessproperty.co.uk/news/article/616 |