UK Business Property - RSS FeedCommercial Property NewsSwap Rates drive residential fixed rate mortgages to 10 year high- June 24, 2008 The cost of fixed rate residential mortgages has hit a 10-year high -- and is set to climb further, say analysts.The average two-year fixed rate stands at 6.75% -- the highest in a decade, according to price comparison website Moneyfacts.co.ukhttp://www.ukbusinessproperty.co.uk/news/article/769 Bradford & Bingley reject counter bid from Resolution for 400million- June 24, 2008 Bradford & Bingley Plc rejected an offer that would give British financier Clive Cowdery's Resolution Ltd. control over the mortgage lender in return for £400 million.Resolution sought to abort private equity firm TPG Inc.'s agreemenhttp://www.ukbusinessproperty.co.uk/news/article/768 Brown struggling to avoid defeat on the Planning Bill- June 24, 2008 The prime minister has been phoning potential Labour rebels while Hazel Blears, local government secretary and John Healey, planning minister, held talks last night to avert a full-scale rebellion as 60 Labour MPs are ready to defeat the bill. If all oppohttp://www.ukbusinessproperty.co.uk/news/article/770 Property related shares take a further dive as HSBC downgrades the sector- June 24, 2008 Shares in the property sector was hit by a big downgrade from HSBC, which advised investors to “Keep the tin hats on and stay in the trenches”, said it expects "further absolute falls" of another 30% or more, as the "occupier dohttp://www.ukbusinessproperty.co.uk/news/article/767 Vincent Tchenguiz invests in UK farmland- June 23, 2008 Vincent Tchenguiz has invested in farmland by taking a stake in the investment trust Braemar UK Agricultural Land, through Gallastico, the Tchenguiz family currently owns more than 28% of Braemar’s share capital. The value of agriculturahttp://www.ukbusinessproperty.co.uk/news/article/766 Eco Towns proposals falling well short of required standards according to Government judges.- June 23, 2008 The Eco-Towns Challenge Panel, charged with judging would-be developers bids for new eco-towns, says that out of the 15 shortlisted sites, less than 10 should be given the go-ahead and of those only a handful would have proper green credentials.brhttp://www.ukbusinessproperty.co.uk/news/article/765 LloydsTSB takes steps to acquire German banking presence while assets are cheap.- June 23, 2008 Lloyds TSB is reported to have made a non-binding offer for Allianz SE's Dresdner Bank AG after several weeks of negotiations, by German weekly magazine Der Spiegel, without citing sources. Dresdner Bank is clearly in play but German politicians would likhttp://www.ukbusinessproperty.co.uk/news/article/764 Capital & Regional shore up Mall Fund with sales of 3 shopping centres and rights issue.- June 20, 2008 Capital & Regional Plc. (C&R) welcomed the Mall Fund's agreement to sell three properties to Carlyle Group for £286 million, saying the transaction, together with the capital raising puts the fund on a more secure financial footing.http://www.ukbusinessproperty.co.uk/news/article/763 HBOS to write down 1 billion from H1 results as house price falls gather pace- June 19, 2008 HBOS, the UK's biggest mortgage lender, has forecast that UK house prices are set to fall by 9% this year, but warned of a £1 billion writedown in the first-half of its fiscal year and of a faster deterioration in house prices.The bankinhttp://www.ukbusinessproperty.co.uk/news/article/762 Commercial Property agents start to shed jobs as 50 go at DTZ- June 19, 2008 DTZ is one of the first big commercial property firms to announce a staff reduction as the property services sector starts to feel the effects of the downturn in the UK market.The commercial property adviser has told staff that up to 50 of itshttp://www.ukbusinessproperty.co.uk/news/article/761 |