UK Business Property - RSS FeedCommercial Property NewsColliers CRE post H1 pre-tax loss as CFO resigns- July 31, 2008 Colliers CRE Plc. made a first-half pretax loss on lower revenue, and said it has deferred a decision about a dividend until the end of the year when its earnings are known and the outlook for 2009 will be clearer.The company said chief financhttp://www.ukbusinessproperty.co.uk/news/article/832 M&B and Whitbread announce long awaited 78 million asset swap deal.- July 31, 2008 Mitchells & Butlers and Whitbread today confirmed a long awaited deal through which M&B will buy 44 pub restaurants from its rival in return for 21 Express by Holiday Inn hotels in a deal valued at £78m. The move likely to be seen as a victohttp://www.ukbusinessproperty.co.uk/news/article/833 Rokeby and Peveril get green light for town centre development at Swadlincote- July 31, 2008 Work is expected to start in two months on a shopping centre and cinema that will create hundreds of jobs in the Derbyshire town of Swadlincote.Councillors last night gave the green light to the plans submitted by developers Rokeby and Peveril Shttp://www.ukbusinessproperty.co.uk/news/article/834 HBOS profits down 51% but the City is relieved it was not worse- July 31, 2008 HBOS, Britain's biggest home lender, reported a 51% drop in first-half profits on Thursday as it took a £1.1 billion hit on debt securities impacted by the credit crunch.Bad debts rose 36% to £1.31bn as customers failed to repay lohttp://www.ukbusinessproperty.co.uk/news/article/831 Scottish Widows lifts the lock-in- July 31, 2008 Scottish Widows has lifted the restrictions on investors leaving its £2bn of property life and pension funds after an emergency sale of properties managed to restore a safe level of liquidity.The fund manager has written to 6,000 policyhhttp://www.ukbusinessproperty.co.uk/news/article/830 Jones Lang La Salle Q2 profits down 69% as expenses increase ahead of revenues- July 30, 2008 Jones Lang LaSalle Inc, one of the world's largest commercial property companies, said second quarter profits fell 69% as higher leasing commissions and property management fees failed to offset a decline in building sales commissions and higher acquisitihttp://www.ukbusinessproperty.co.uk/news/article/829 LloydsTSB H1 profits down 70%- July 30, 2008 Lloyds TSB's first-half profit fell 70% from a year ago as it took a £585 million hit from its exposure to risky assets and adverse volatility in its insurance arm.Britain's fifth-biggest bank said its statutory profit in the six mhttp://www.ukbusinessproperty.co.uk/news/article/827 CB Richard Ellis Q2 results disappoint as credit crunch hits income 88%- July 30, 2008 CB Richard Ellis Group Inc, the world's largest commercial real estate brokerage, said quarterly net income plunged 88%, partly on lower brokerage fees from sales that have all but dried up due to the severely constrained global credit markets.brhttp://www.ukbusinessproperty.co.uk/news/article/828 Commercial Property advisers move to larger offices in Scotland- July 29, 2008 King Sturge and Jones Lang LaSalle are the latest in Edinburgh, and in Glasgow Atisreal has announced that it has moved from 1,200sq ft in West Nile Street to 2,200sq ft of refurbished offices in St Vincent Street.King Sturge has agreed termshttp://www.ukbusinessproperty.co.uk/news/article/824 JLL see total return of -15.1% on commercial property- now the lowest in the last 30 years- July 29, 2008 All-property total returns continued to suffer in the second quarter of the year with total returns of -1.3%, according to Jones Lang LaSalle.In its latest UK Property Index published yesterday it said the decline in the total return equated thttp://www.ukbusinessproperty.co.uk/news/article/825 |