UK Business Property - RSS FeedCommercial Property NewsLatest IPF consensus forecast is the commercial property values and rentals will decline further- June 18, 2008 The outlook for commercial property values has significantly worsened in the second quarter of the year with a consensus forecast total loss for 2008 of -5.2%, down from -2.6% in March.The downward trend pours cold water on fund manager predichttp://www.ukbusinessproperty.co.uk/news/article/759 Sainsburys up Woolworths down - todays results from a challenging High Street- June 18, 2008 Food retailers are having a better time in challenging high street conditions than non-food as demonstrated today as sweets-to-DVDs retailer Woolworths Group said like-for-like sales at its high street stores fell 2.2% in the first 19 weeks of its finahttp://www.ukbusinessproperty.co.uk/news/article/760 Whitbread delights the markets with strong growth across all businesses- June 17, 2008 Whitbread, the UK's biggest hotel and restaurants operator, said today that like-for-like sales across its businesses rose 7.1% in the 13 weeks to June 17.The group, which operates the Premier Inn, Beefeater, and Costa Coffee chains, warned hohttp://www.ukbusinessproperty.co.uk/news/article/756 OFT looks into Scottish leasehold management practices- June 17, 2008 The Office of Fair Trading has launched a market study into Scottish property management services. Residents in collective residential properties in Scotland use property managers, known as factors, to manage common and shared property such as roofshttp://www.ukbusinessproperty.co.uk/news/article/758 MCR expand out of North-West to buy Leicester BT landmark for 9.7million- June 17, 2008 MCR Property Group has paid £9.7million for the high-rise New Albion House in Leicester, which is occupied by telecoms giant BT.Acquired from Friends Provident Life Assurance, the 62,000 sq ft property is situated close to the city centrhttp://www.ukbusinessproperty.co.uk/news/article/757 Lehman Bros announce Q2 losses and prepare for a 28% fall in UK residential property values- June 17, 2008 Troubled US investment bank Lehman Brothers posted its first loss as a public company, confirming indications released last week at the time of its cash-raising announcement and boardroom blood-letting.The company posted a net loss in the secohttp://www.ukbusinessproperty.co.uk/news/article/755 IPD report commercial property rentals falling for first time as well as capital values- June 16, 2008 Figures from IPD and Acadametrics published on Friday suggested that property stocks may not be out of the woods yet, despite the rebound in home builders on Friday.IPD says its UK property index saw a total return of -0.7% in May.http://www.ukbusinessproperty.co.uk/news/article/754 Barclays confirms it is considering a rights issue- June 16, 2008 Barclays has said it is considering selling shares to existing investors to raise cash in a rights issue, after Barclay's shares fell to a 10-year low on Thursday.The announcement comes after it was reported over the weekend that the bank hashttp://www.ukbusinessproperty.co.uk/news/article/753 McCarthy & Stone in talks with Rothschild to restructure debt- June 16, 2008 Howard Phillips, the chief executive of McCarthy & Stone, has called in bankers NM Rothschild to restructure its £800million debt as the credit crisis wreaks havoc in the housebuilding sector, according to the Independent on Sunday..http://www.ukbusinessproperty.co.uk/news/article/752 Valad sumbits plans for 40million Glasgow Queen Street project- June 13, 2008 Holmes architects has submitted a full planning application, on behalf of Valad Property Group, for a major commercial mixed-use development on 110 Queen Street, Glasgow, Scotland. Located in one of Glasgow's most important conservation areas, and surrounhttp://www.ukbusinessproperty.co.uk/news/article/751 |