UK Business Property - RSS FeedCommercial Property NewsFalling profits at Barclays increases liklihood of further rights issue demands- April 24, 2008 Barclays said its profits in the first quarter fell from a year earlier after its investment bank and fund management arms were hit by tough financial market conditions.Barclays said profits at Barclays Capital and Barclays Global Investhttp://www.ukbusinessproperty.co.uk/news/article/657 London & Stamford in Joint Vulture to increase firepower as market nears bottom- April 24, 2008 London & Stamford has agreed a £200million joint venture with a Middle Eastern sovereign wealth investor to buy property in the UK.The 7 year deal with Cavendish, a wholly owned subsidiary of an Abu Dhabi sovereign wealth fund, willhttp://www.ukbusinessproperty.co.uk/news/article/656 Punch Taverns beat analysts forecasts with 1% rise in pre-tax profits for first half of year- April 24, 2008 Punch Taverns, the UK's biggest pubco, posted a 1% rise in pretax profit to £133 million, slightly ahead of analysts' forecasts, for the 28 weeks to March 1 on Thursday.The company said the like-for-like contribution of the leasedhttp://www.ukbusinessproperty.co.uk/news/article/658 Henderson Global win beauty contest for 380 million designer factory outlet deal- April 23, 2008 Henderson Global Investors has been given the go-ahead to proceed with the purchase of a portfolio of designer factory outlets for about £380m in what would be the largest UK property deal this year.The US based asset management firm, whhttp://www.ukbusinessproperty.co.uk/news/article/654 Land Securities get planning permission for "Half Doughnut" scheme at Old Bailey- April 23, 2008 Make Architects’ “half-donut” an office block shaped like half a doughnut and covered with chess board-style checks to be built at 30 Old Bailey on the west side of the City of London has been given planning permission by the City'http://www.ukbusinessproperty.co.uk/news/article/655 Commercial property stocks in turmoil as HSBC note causes rush for the doors- April 22, 2008 The City clearly doesn't know how to value commercial property stocks at present. In a note headed "Keep the tin hats on", HSBC said that hard-pressed tenants would start to demand rent cuts from their landlords which promptly triggered ahttp://www.ukbusinessproperty.co.uk/news/article/652 Rugby Estates unveil good results and consider themselves well placed for coming year- April 22, 2008 Annual pre-tax profit at property and asset management group Rugby Estates almost halved but the group says it's in a strong position to withstand a period of economic volatility.It has low gearing and cash in the bank after selling properties in the pasthttp://www.ukbusinessproperty.co.uk/news/article/653 RBS getting it's post credit crunch strategy in place with Europe's biggest rights issue.- April 22, 2008 Royal Bank of Scotland is about to announce Europe's largest rights issue, and may now rue its acquisition of ABN AMRO, but shoring up its balance sheet will position it for recovery and could tempt others to follow suit.After months of dismishttp://www.ukbusinessproperty.co.uk/news/article/651 There's money in pubs, yet we see the fastest closure rate ever.- April 21, 2008 The Warrington Hotel, an imposing, lovingly restored Victorian boozer in Maida Vale, London, is buzzing. The bar downstairs is heaving; upstairs, the restaurant has been largely full since it opened in February. The Warrington, the third in a chain of pubhttp://www.ukbusinessproperty.co.uk/news/article/650 William Pears seen as frontrunner in Trillium bid battle- April 21, 2008 Property investment group William Pears has emerged as the surprise frontrunner in a £1.5 billion bidding battle for Land Securities' outsourcing business Trillium, the Independent on Sunday reported.The newspaper, quoting a source closehttp://www.ukbusinessproperty.co.uk/news/article/649 |