UK Business Property - RSS FeedCommercial Property NewsTchenguiz's R20 sells 6 hotels to Travelodge- April 21, 2008 Robert Tchenguiz, has sold six hotels for £85m. The accommodation in places such as Edinburgh and Bath had been leased out by Tchenguiz's R20 private investment vehicle to Menzies Hotels but has now been sold to Travelodge which will spend a furtherhttp://www.ukbusinessproperty.co.uk/news/article/648 JLL see commercial property investment buoyed by offshore money and reduced London office supply- April 18, 2008 Reporting a slight increase on the previous quarter of investment volume in UK commercial property to £6 billion, Julian Stocks, Head of UK Capital Markets at Jones Lang LaSalle said: ‘We have not reached the bottom of the market yet andhttp://www.ukbusinessproperty.co.uk/news/article/647 Fitch confident about strength of UK commercial mortgages as security- April 17, 2008 Almost a tenth of investment grade bonds backed by UK commercial mortgages could default if the current slump in commercial property values reaches "severe" 1990s recession levels, ratings agency Fitch said yesterday.The agency saidhttp://www.ukbusinessproperty.co.uk/news/article/646 Bank of England preparing measures to improve liquidity for PM's return- April 16, 2008 Authorities, under pressure to ease strains in the mortgage market, are considering a scheme that would allow lenders to swap mortgage collateral for government bonds, a source close to the matter said.However, the scheme has yet to be rubber-http://www.ukbusinessproperty.co.uk/news/article/645 Land Securities looks to sell it's 33% Bullring stake in critical test of investor appetite- April 16, 2008 Land Securities, the UK’s largest property company, is to test the property investment market with the sale of one of its largest holdings,a one-third stake of the 1.2m sq ft Birmingham Bullring shopping centre city expected to attract bids of morhttp://www.ukbusinessproperty.co.uk/news/article/643 JJB Sports to close 72 non performing stores as retail slows- April 16, 2008 JJB Sports said it was shutting 72 stores by the end of April and axing 800 jobs to improve performance, as it posted a 28.5% fall in annual profit today.JJB, which also runs fitness centres, said like-for-like revenue fell 3.0% in the 7 weekshttp://www.ukbusinessproperty.co.uk/news/article/644 Eddisons buys Erinaceous property management business.- April 15, 2008 Eddisons, the Yorkshire based chartered surveyors, has bought the property management, facilities management and landlord and tenant teams from collapsed property services firm Erinaceous, which was placed into administration yesterday, for £1.brhttp://www.ukbusinessproperty.co.uk/news/article/642 RICS say housing market cooling fast in England and Wales as survey hits 30 year low- April 15, 2008 The Royal Institute of Chartered Surveyors' house price balance fell in March to its lowest in the 30-year history of the survey, RICS says, sending a strong signal that the housing market is cooling fast.The net balance of surveyors reportinghttp://www.ukbusinessproperty.co.uk/news/article/640 Credit crunch will cause loss of 20,000 jobs in the City alone as Financial Services industry slims down- April 15, 2008 20,000 City jobs will be lost this year and next as the credit crunch takes its toll, a leading economics think-tank says.The Centre for Economics and Business Research (CEBR) forecast 11,000 City job losses in 2008, up from a previous estimathttp://www.ukbusinessproperty.co.uk/news/article/641 UK commercial property returns fall is moderating as market now seen to offer fair value- April 15, 2008 IPD reported that in March its UK monthly commercial property index made a total return of -0.8% month on month, a slight improvement on the -1% in February and -1.6% in January, but year on year in March all property total returns hit a record low of -10http://www.ukbusinessproperty.co.uk/news/article/639 |