UK Business Property - RSS FeedCommercial Property NewsMortgage approvals and mortgage lending weaker than expected in June as Abbey takes 35% market share- July 29, 2008 Approvals for new home loans fell to a record low in June, Bank of England data showed today, pointing to further falls in house prices in the months ahead.The Bank said mortgage approvals fell to 36,000 last month from a downwardly revisehttp://www.ukbusinessproperty.co.uk/news/article/826 Marstons continues to meet expectations- July 28, 2008 Marston's, the pub firm and brewer reported a slight rise in group turnover today and said it expected results for the full year to be "broadly" in line with its expectations.The group, updating on trade for the first 43 weeks ofhttp://www.ukbusinessproperty.co.uk/news/article/823 More of Dawnay Day slides into administration- July 28, 2008 Two more Dawnay, Day Group companies have been taken over by BDO Stoy Hayward, the administrator that now runs 65 of the London-based investment group's operations.Dawnay, Day Properties and Dawnay, Day International, which specialise in propehttp://www.ukbusinessproperty.co.uk/news/article/822 End of Trillium auction in sight- July 25, 2008 The £1.4bn auction for Land Securities’ Trillium unit has entered the final stages as Land Securities has narrowed the list of bidders to two after a five-month process: a group of Middle Eastern investors advised by PCP Capital, which includehttp://www.ukbusinessproperty.co.uk/news/article/820 Barratt looking to form house letting business- July 25, 2008 Barratt has held preliminary talks with major UK banks about creating joint ventures to own and rent out new homes it is struggling to sell.Barratt is one of a number of housebuilders hoping to secure funding from banks such as HBOS.brhttp://www.ukbusinessproperty.co.uk/news/article/821 F&C merges with REIT to get the Noe factor and increases assets to 8.5 billion- July 23, 2008 F&C Asset Management has defied worries over its own uncertain future by engineering the merger of its property arm with Reit, the investment vehicle of property entrepreneur Leo Noe.The deal creates F&C Reit, a business managing &pounhttp://www.ukbusinessproperty.co.uk/news/article/819 Great Portland Estates report a further 4% drop in portfolio values to reduce NAV by 16% in last year- July 22, 2008 Great Portland Estates reported a 4% drop in the value of its properties and said it expects the economic backdrop to worsen during the balance of the year.The valuation of the group's properties as at 30 June was £1,539.8m, including ithttp://www.ukbusinessproperty.co.uk/news/article/818 RICS report demand for commercial property at 10 year low- July 21, 2008 Demand for UK commercial property is at a ten-year low after months of credit turmoil, weakening consumer confidence and occupiers’ freezing expansion plans said the RICS in a report published todayThe RICS’ Commercial Property Surhttp://www.ukbusinessproperty.co.uk/news/article/817 Topland and Criterion swoop on Dawnay Day assets- July 21, 2008 Two of Britain's wealthiest private investors are poised to fight it out to buy the property assets of troubled financial services group Dawnay Day, reports in the press say.Topland Group, run by Israeli billionaire Sol Zakay, and Criterion Cahttp://www.ukbusinessproperty.co.uk/news/article/816 Kier profits hold up but 350 housing jobs go- July 18, 2008 Kier Group said it expects full year ended June 30th 2008 underlying pretax profit to be in line. This comes, despite very tough market conditions for both housing and property. However, the construction, services, housebuilding and property group shttp://www.ukbusinessproperty.co.uk/news/article/814 |