UK Business Property - RSS FeedCommercial Property NewsNAEA report fewer house-buyers in the market as mortgage supply dries up.- March 25, 2008 The difficulty of getting residential mortgages is hitting the housing market, pushing house-buyer numbers to a record low, figures showed today.The number of house-buyers on estate agents' books dropped 12% last month -- to 243 per agent fromhttp://www.ukbusinessproperty.co.uk/news/article/615 Henry Boot plc produces solid results with profits up 14% to 46.5 million- March 20, 2008 Henry Boot, the construction group, has increased pre-tax profits by 14% to £46.5 million, despite a 12.3% fall in turnover, as the group completed fewer land transactions with lower acreages and values. The value of the Sheffield-based group's invehttp://www.ukbusinessproperty.co.uk/news/article/613 Commercial First pulls down the shutters.- March 19, 2008 Commercial First today announced that it has suspended lending. The company said today that offers of funding that it had been promised had been withdrawn in the wake of the Bear Sterns failure. Commercial First has pioneered a new distribhttp://www.ukbusinessproperty.co.uk/news/article/611 DTZ Holdings interim mangement statement verbalises uncertainty in commercial property outlook- March 19, 2008 DTZ Holdings plc, commenting today on their trading prospects said " In the current volatile market conditions, and in a week which has seen the sudden collapse of Bear Stearns adding to the turmoil in the financial markets, it is morehttp://www.ukbusinessproperty.co.uk/news/article/612 Derwent London reveals 2007 NAV up 8.4% but Chairman sees more demanding market ahead- March 18, 2008 Central London property firm Derwent London said today adjusted net asset value per share rose 8.4% but deepening financial sector turmoil now threatened prospects in the city's stalwart West End market.Derwent said 2007 net asset valuehttp://www.ukbusinessproperty.co.uk/news/article/608 SME's failing in greater numbers say Barclays- March 18, 2008 Barclays has conducted research revealing that nearly half a million businesses failed last year, citing this as evidence that the economic downturn is worsening. Barclays Local managing director Steve Cooper said that the research shows "that more shttp://www.ukbusinessproperty.co.uk/news/article/607 Trillium PPP fundraising finds strong demand from investors- March 18, 2008 Land Securities said today it had completed fundraising for its Trillium PPP Investment Partners joint venture after raising £1.136 billion of debt and equity.Britain’s biggest property firm set up the joint venture to enablehttp://www.ukbusinessproperty.co.uk/news/article/609 Bank of England pumps more liquidity into UK banking system in attempt to restore confidence.- March 18, 2008 The Bank of England's emergency offer of £5 billion of 3-day loans was nearly five times oversubscribed on Monday as financial institutions scrambled for cash in the face of a global credit crunch.Aimed at restoring confidence to phttp://www.ukbusinessproperty.co.uk/news/article/606 News of City office building let to law firm cheers market.- March 18, 2008 LaSalle Investment Management has today announce that it has let a whole City office building, which has cheered a gloomy market.LaSalle Investment Management, JLL's real estate money management business, is one of the world's largest and mosthttp://www.ukbusinessproperty.co.uk/news/article/610 IPD report that the repricing of commercial property "eased" in February- March 17, 2008 The IPD Monthly Index saw a total return of -1.0% in February 2008, a marked improvement on the -1.6% return seen in January and the -3.7% seen in December. Capital values fell by 1.5% in February after a 2.0% fall in January and a 4.2% fall in Decehttp://www.ukbusinessproperty.co.uk/news/article/605 |