UK Business Property - RSS FeedCommercial Property NewsAnglo Irish Bank please the market with 16% increase in H1 profits- May 8, 2008 Anglo Irish Bank shares rose more than 5% yesterday after the specialist property lender announced a 16% rise in first-half profits and gave an upbeat outlook for the rest of the year.Investors had been concerned about Anglo Irish's exposure thttp://www.ukbusinessproperty.co.uk/news/article/682 Mapeley revaluation losses wipe out increased Q1 profitability as group slump to loss of 27 million- May 8, 2008 Mapeley,the property investment and outsourcing company based in Guernsey posted a 226% rise in funds from operations today but a drop in the value of its assets wiped out its fiscal first-quarter pretax profit.In results for the thttp://www.ukbusinessproperty.co.uk/news/article/680 Australian strength offsets US weakness as shopping mall group Westfield reports resilient Q1 results- May 7, 2008 Westfield Group, the world's biggest shopping center owner by market value, is maintaining growth in Australia, where it has tenants in more than 99.5 % of stores, which may help limit the impact of a slowdown in the U.S., where rising food costs and thehttp://www.ukbusinessproperty.co.uk/news/article/679 Savills report significant fall in London office demand and subdued retail demand across the UK- May 7, 2008 Demand for London offices has fallen "significantly" in the first three months of 2008, according to property adviser Savills.The retail property market is also "subdued" across the UK as the credit crunch continues to bhttp://www.ukbusinessproperty.co.uk/news/article/678 Revaluation hits Liberty NAV by 6.6% and causes Q1 loss of 335 million- May 7, 2008 Liberty International blamed choppy real estate market conditions for a 6.6% fall in net asset value (NAV) per share in its fiscal first quarter figures posted today.Britain's largest shopping mall owner, which owns London's Covent Garden tourhttp://www.ukbusinessproperty.co.uk/news/article/677 LloydsTSB avoids major sub-prime losses and grabs bigger share of UK mortgage market- May 6, 2008 Lloyds TSB said it was on track to deliver a good performance in the first half, excluding a writedown of £387 million on the value of assets tarnished by the credit crunch.Lloyds, the country's fifth biggest bank, said in a trading updahttp://www.ukbusinessproperty.co.uk/news/article/674 Aberdeen Asset Management enter world top 10 with acquisition of Goodman Property Investors for 89 million- May 6, 2008 Aberdeen Asset Management said today it would become one of the world's ten biggest property asset management firms after agreeing to buy Goodman Property Investors (GPI) for around £89 million, plus further payments linked to assets under manhttp://www.ukbusinessproperty.co.uk/news/article/675 Waitrose planning to look for small market town sites for expansion- May 6, 2008 Waitrose has unveiled plans to open a series of new smaller stores for market towns. The supermarket chain said the market town format supports its ambitions to grow its business and has been designed to complement each community in which it operates.brhttp://www.ukbusinessproperty.co.uk/news/article/676 Vultures waiting for UK commercial property values to fall a further 10%- May 5, 2008 Start-up property fund manager Internos Real Investors has joined the growing band of investors waiting in the wings to buy into commercial property once the market bottoms out.The company, which is backed by Nick Vetch, executive chairmanhttp://www.ukbusinessproperty.co.uk/news/article/673 City office rents falling as financial sector loses jobs say Hammerson- May 2, 2008 Hammerson , the office and retail property company with a £7.3 billion portfolio, said in a trading statement yesterday that the cautious approach of banks to lending to property companies had contributed to a further weakening in UK property valueshttp://www.ukbusinessproperty.co.uk/news/article/672 |