UK Business Property - RSS FeedCommercial Property NewsLand Securities make 888 million loss but shares rise as City agrees with CEO its a success- May 14, 2008 Land Securities, Britain's largest commercial property company, has written down the value of its shops and offices by £1.28 billion, a fall in value of 10.3%, as it slumped to an £888.8 million loss,against profits of £1.98 billion thehttp://www.ukbusinessproperty.co.uk/news/article/694 Alliance & Leicester secure funding to Q2 09 despite dive in profits- May 13, 2008 Alliance & Leicester took a £192 million hit to profit from assets tarnished by the credit crunch, taking its profit in the first four months to below 2007 levels.In a trading update today, the country's seventh-largest bank saidhttp://www.ukbusinessproperty.co.uk/news/article/689 Knight Frank sees rosier picture in the Thames valley and M25 office market- May 13, 2008 Knight Frank today released a report on what is going on in the M25 and Thames Valley office market. Taking the focus off off the City office market reminds us what is going on in the country at large.The Q1 2008 highlights are that M25 vacanchttp://www.ukbusinessproperty.co.uk/news/article/691 Enterprise Inns report H1 profits down 11%- May 13, 2008 Enterprise Inns, the country's second-biggest pubs group, posted an 11% fall in first-half profit today, in line with expectations, and said trading conditions were likely to stay tough for some time.The firm, whose shares surged last week whehttp://www.ukbusinessproperty.co.uk/news/article/690 Kilpatrick Property increase NAV by 16%- May 13, 2008 Kilpatrick Property Group, the Glasgow-based commercial property investment company, said yesterday it increased its net asset value by 16% for the year to March 31, 2008, bucking the gloomy trend in the sector.The company also announced it hahttp://www.ukbusinessproperty.co.uk/news/article/688 Industy to lobby for tax incentives to help pay for "greening" existing commercial property- May 12, 2008 The property industry is to call for a radical shake-up of the multi-billion pound tax regime on commercial buildings to promote sustainability.The first parliamentary inquiry into "greening" existing office, retail and industrial buhttp://www.ukbusinessproperty.co.uk/news/article/685 Colliers CRE forecast flat 2008 as banks continue to call the tune.- May 12, 2008 Colliers CRE Plc. said its revenues for the first quarter fell to £15.9 millions from £16.3 million in the year-ago period and added that it is confident of delivering its medium-term objectives.The firms share value dropped 18% ashttp://www.ukbusinessproperty.co.uk/news/article/687 Boris gets to work on LDA corruption and mismanagement- May 9, 2008 The chief executive and chair of the London Development Agency (LDA) have been asked to step down ahead of an investigation into its financial management.Although he has no formal powers to appoint or remove LDA board members, Johnson has recohttp://www.ukbusinessproperty.co.uk/news/article/683 NAB subsidiaries Clydesdale & Yorkshire post strong results though NAB has not impressed- May 9, 2008 YORKSHIRE and Clydesdale Banks today delivered a strong set of half year results and said their resilience and prudence would protect them from the turbulence caused by the credit crunch.Announcing pre-tax profits up 17% at £194m, chiefhttp://www.ukbusinessproperty.co.uk/news/article/684 HMRC REIT ruling on Enterprise Inns lifts the pubs sector- May 8, 2008 Enterprise Inns, the tenanted pub company,revealed yesterday that it had been given the go-ahead by HM Revenue & Customs (HMRC) to convert to a real estate investment trust (Reit).The company said it was evaluating the decision, but that bhttp://www.ukbusinessproperty.co.uk/news/article/681 |