UK Business Property - RSS FeedCommercial Property NewsResidential Mortgage approvals lowest since records began points to 15-20% price falls- June 30, 2008 Mortgage approval numbers collapsed in May, figures from the Bank of England showed on Monday, giving confirmation of the speed with which conditions in the UK housing market have deteriorated.The Bank said mortgage approvals for house purchashttp://www.ukbusinessproperty.co.uk/news/article/781 Valad in partnership with council to develop Sterling sites with a GDV of over 120million- June 30, 2008 Valad Property Group has extended a joint venture with Stirling Council which will facilitate the acquisition of an investment portfolio with a value of £12.7 million, together with thirteen development sites. The new vehicle, Stirling Development Ahttp://www.ukbusinessproperty.co.uk/news/article/779 Landlords demolish rather than pay rates on empty commercial property may force tax U turn- June 30, 2008 Growing evidence of the effect of the removal of empty property rates relief on commercial buildings has led to landlords demolishing buildings rather than pay the Treasury, has caused members of the Government to reveal privately that they arhttp://www.ukbusinessproperty.co.uk/news/article/777 Taylor Wimpey confirms talks with shareholders about new money to prop the business up- June 30, 2008 Taylor Wimpey, the country's biggest housebuilder by volume, confirmed it is in talks with shareholders Legal & General, Standard Life and Barclays among other core investors about raising additional financing, which would most likely be via a phttp://www.ukbusinessproperty.co.uk/news/article/778 Resolution pressures B&B management to allow due diligence to commence- June 27, 2008 Clive Cowdery said he has the backing of a quarter of shareholders in Bradford & Bingley for his proposed £400 million investment plan for the bank.Resolution, Cowdery's restructuring vehicle, is leading a plan to inject the cash inthttp://www.ukbusinessproperty.co.uk/news/article/775 Barclays Capital say global inflation will force Fed address core issues and raise interest rates- June 27, 2008 Barclays Capital has advised clients to batten down the hatches for a worldwide financial storm, warning that the US Federal Reserve has allowed the inflation genie out of the bottle and let its credibility fall "below zero"."Wehttp://www.ukbusinessproperty.co.uk/news/article/776 185 million redevelopment of former Terrys Chocolate site in York expected to win planning approval- June 27, 2008 Next month, City of York planners are expected to reach a decision on plans for The Chocolate Works, York, which would turn 25 acres of the former Terrys Chocolate factory into a mixed-use scheme with offices, shops, restaurants, hotels and homes.bhttp://www.ukbusinessproperty.co.uk/news/article/774 Eley name DBK to manage 22 storey student accomodation development in central Birmingham- June 26, 2008 DBK Group, the construction, property and development consultancy, has been named as project manager, cost consultant, BREEAM assessor, utilities consultant and CDM co-ordinator on a proposed 22-storey development in the centre of Birmingham.Thttp://www.ukbusinessproperty.co.uk/news/article/773 ING Real Estate say UK commercial property values do not have much further to fall- June 26, 2008 ING Real Estate, the world's biggest real estate fund firm, has begun buying back into UK property because it looks cheap but has cut U.S. exposure as it sees prices falling further, a senior executive told the Reuters Real Estate Summit yesterday.http://www.ukbusinessproperty.co.uk/news/article/772 Both West End and City office rents set to fall and yields still offer no real return so values must fall further 20%- June 25, 2008 Office rents in London's key financial districts will not grow in the next decade, said a senior banker yesterday, who saw prime commercial property values falling by another 20%."In my view we're not going to see any rental growth in thehttp://www.ukbusinessproperty.co.uk/news/article/771 |