UK Business Property - RSS FeedCommercial Property NewsGrosvenor's strong results slightly tarnished by further Liverpool write-down- April 14, 2008 Grosvenor posted a strong set of annual results, with record profits of £524 million for 2007, up 3 per cent on the year before, and assets under management growing 17 per cent to £12.9 billion,and a 19% increase in its net asset value to &pouhttp://www.ukbusinessproperty.co.uk/news/article/638 Administrators appointed by Erinaceous Group plc- April 14, 2008 Erinaceous announced that it has today appointed James Tucker and Myles Halley, both partners of KPMG as administrators of the Company, with immediate effect.The strongly performing insurance subsidiary, Erinaceous Insurance Services, is rihttp://www.ukbusinessproperty.co.uk/news/article/637 M & B in talks to buy Spirit pubs from Punch Taverns- April 14, 2008 Mitchells & Butlers is in talks to take over the Spirit arm of Punch Taverns.The pub group requested a meeting with its rival last week. A deal would represent a curious turnround for the company, which had been the subject of a merger prohttp://www.ukbusinessproperty.co.uk/news/article/636 CML chief urges immediate action by Government to halt slide to UK property market collapse- April 11, 2008 Medium-sized banks are suffering more than most from the credit crunch, and they have the shadow of a strung-up Northern Rock swinging from the gallows cast over them.But the picture of Armageddon in the housing and mortgage market painted byhttp://www.ukbusinessproperty.co.uk/news/article/635 MPC Votes to cut Bank Rate to 5%- April 10, 2008 The Bank of England’s Monetary Policy Committee (MPC) has voted today to cut interest rates by 0.25% to 5%. CPI Inflation rose to 2.5% in February and the committee expects inflation to rise further this year, refhttp://www.ukbusinessproperty.co.uk/news/article/634 CBRE say commercial property prices dipped further in March- April 9, 2008 UK commercial property values fell 1.2% in March, taking the market's total loss since last summer's bull market peak to around 16%, CB Richard Ellis Group Inc said today.The global property services firm said its data provided evidencehttp://www.ukbusinessproperty.co.uk/news/article/633 The Humber to be the focus of offshore power development initiatives- April 8, 2008 German power giant E.ON has submitted a planning application to build one of the UK's largest offshore wind farms but faces a challenge from the Ministry of Defence (MoD).The firm said if the 300MW Humber Gateway Offshore Wind Farm were builthttp://www.ukbusinessproperty.co.uk/news/article/632 UK house prices dive in March fuelling fears of a crash- April 8, 2008 House prices fell in March at their sharpest pace since the recession of the early 1990s, the country's largest mortgage lender says, raising expectations that interest rates will be cut this week.The surprisingly severe drop reinforced opiniohttp://www.ukbusinessproperty.co.uk/news/article/631 Sutton Harbour Group selected for major Swansea waterfront regeneration scheme- April 7, 2008 AIM-listed regeneration company Sutton Harbour Group has been chosen as preferred developer for a waterfront regeneration scheme in Swansea.Swansea Council has appointed the Plymouth based developer for a six-month period in order for furthhttp://www.ukbusinessproperty.co.uk/news/article/630 Bank of England survey increases expectation of early rate cut- April 4, 2008 The credit squeeze on households and businesses looks set to intensify as lenders grow increasingly nervous over the economic outlook, a survey by the Bank of England shows.The findings boosted expectations the central bank would cut interesthttp://www.ukbusinessproperty.co.uk/news/article/628 |