UK Business Property - RSS FeedCommercial Property NewsDarling to close Sharia Stamp Duty loophole that over 1 billion of commercial property deals have used- March 5, 2008 Chancellor Alistair Darling is expected next week to close a loophole in Sharia finance rules which has enabled commercial property investors avoid paying stamp duty on more than £1 billion of deals, The Times reports without citing sources.brhttp://www.ukbusinessproperty.co.uk/news/article/582 Bruntwood now largest Manchester office landlord after 28.5 million purchase of Bridgewater House- March 4, 2008 Bruntwood, the privately-owned Manchester based property business, has paid £28.5million for a Whitworth Street office block, in a deal which takes the firms city centre office portfolio over 3 million sq ft, making it by far the city'shttp://www.ukbusinessproperty.co.uk/news/article/584 HSBC profits up 10% despite 8.7 billion bad debt provision- March 3, 2008 HSBC's profits rose 10% last year, just below analysts' forecasts, as strong gains in Asia helped Europe's biggest bank absorb a £8.7 billion hit for bad debts due to U.S. housing market problems.The London-headquartered bank reporthttp://www.ukbusinessproperty.co.uk/news/article/581 Private equity firm Cinven interested in buying Trillium- March 3, 2008 Private equity group Cinven has approached Land Securities, Britain's biggest real estate company, about a takeover of its property outsourcing arm Trillium, the Sunday Telegraph reported.Land Securities said last week it was looking athttp://www.ukbusinessproperty.co.uk/news/article/579 Treasury select committee suggests reforms to BOE and FSA protocol for managing banks- March 3, 2008 The warnings given by UK regulators about potential risks in the financial markets are deficient, a report by a key parliamentary committee has said.The Treasury select committee said the Financial Services Authority (FSA) and the Bank of Englhttp://www.ukbusinessproperty.co.uk/news/article/580 |