UK Business Property - RSS FeedCommercial Property NewsM&B to give Tchenguiz a seat on the board- May 19, 2008 Mitchells & Butlers, the embattled UK pub operator, will this week bow to pressure from Robert Tchenguiz, the pubs and property tycoon, by handing one of his key lieutenants a boardroom seat, the Sunday Telegraph reported.Tim Smalley, an ehttp://www.ukbusinessproperty.co.uk/news/article/702 British Land to follow Land Securities with 1.9 billion writedown as City office rentals head down- May 19, 2008 British Land, the UK's second largest real estate investment trust (REIT) will report a £1.9billion writedown in the value of its net assets when it reports full-year results on Tuesday.Although British Land's results will come in at thehttp://www.ukbusinessproperty.co.uk/news/article/704 UK commercial property funds sales hit 3.6 billion in Q1 as prime London assets tempt foreign buyers- May 16, 2008 UK commercial property funds have sold some of their best assets to meet a surge in investor withdrawals as nervous buyers avoid lower quality real estate, evidence that prices may have further to fall.According to data from Investment Properthttp://www.ukbusinessproperty.co.uk/news/article/700 Commercial Property values look set for a double dip as economy slows- May 16, 2008 UK commercial property values slid by 1% in April, extending the market's slide from last summer's bull market peak to almost 17%, data from Investment Property Databank (IPD) showed yesterday.The rate of decline in capital values continued tohttp://www.ukbusinessproperty.co.uk/news/article/699 High Street Banks looking for almost twice as much as the 50 billion offered by BoE- May 16, 2008 Britain's biggest banks are preparing to swap between £80 billion and £90 billion of mortgage-backed assets for Bank of England Treasury bills, nearly twice what the central bank envisaged when it unveiled its scheme to unblock the frozen bankhttp://www.ukbusinessproperty.co.uk/news/article/701 Humberts facing oblivion as the well runs dry- May 15, 2008 Humberts Group Plc. has warned that certain conditions necessary for it to carry out its intended £2.25 million placing may be difficult or impossible to meet.It said the disposal value of certain businesses it was intending to sell is lhttp://www.ukbusinessproperty.co.uk/news/article/695 Barclays take 1 billion hit and fail to rule out rights issue as pressure on capital ratios will hit recovery- May 15, 2008 Barclays said profits fell by an undisclosed amount in the first quarter and refused to rule out a rights issue after a £1 billion writedown on assets tarnished by the credit crunch.That was less than the hit taken by many other banks buhttp://www.ukbusinessproperty.co.uk/news/article/698 Whitbread to open 105 out of town restaurants this month- May 15, 2008 Whitbread yesterday officially launched its latest restaurant brand, Table Table, with 105 restaurants which will open this month throughout the UK.The owner of Premier Inn and Costa Coffee as well as the Beefeater and Brewer’s Fayre chahttp://www.ukbusinessproperty.co.uk/news/article/696 A & J Mucklow the midlands REIT continues steady performance- May 14, 2008 A & J Mucklow Group Plc. said it continues to perform in line with its expectations, despite all the 'doom and gloom' currently being reported in the commercial property market, adding it is still experiencing some steady occupier demand and rental grhttp://www.ukbusinessproperty.co.uk/news/article/692 Bradford & Bingley plans rights issue in signal that housing crisis has worse to come- May 14, 2008 Bradford and Bingley, the mortgage lender, is poised to become the latest British bank to bolster its balance sheet by launching a £300m rights issue, as it prepares itself for further difficulty ahead.The bank, which has been hit by thehttp://www.ukbusinessproperty.co.uk/news/article/693 |