UK Business Property - RSS FeedCommercial Property NewsBank of Ireland halts UK commercial property lending as shares plummet 50% this year- July 8, 2008 The Bank of Ireland has slashed commercial lending, telling some British customers it has shut its doors to new business for three months.The bank has been one of the most aggressive lenders to the UK property sector and its decision to limithttp://www.ukbusinessproperty.co.uk/news/article/793 Wood Wharf consortium submit massive planning application for 17 acre site in Docklands- July 7, 2008 The Wood Wharf Partnership has submitted outline plans to Tower Hamlets Council for a mixed-use waterside development adjacent to Canary Wharf.The 17acre site will be transformed into a brand new urban quarter - with new homes, new jobs and nehttp://www.ukbusinessproperty.co.uk/news/article/792 Persimmon to cut a 1000 jobs bringing sector total to 3200 in a week- July 7, 2008 House builder Persimmon will confirm tomorrow that it has made around 1,000 staff redundant, the Telegraph reported today, without citing sources.The paper said this would bring the total number of job cuts announced in the sector over the pashttp://www.ukbusinessproperty.co.uk/news/article/791 Liverpool firm Irving Rice bought by CB Richard Ellis- July 4, 2008 Irving Rice, the Liverpool specialist commercial agency, has been acquired by rival CB Richard Ellis.Irving Rice was established in 1994 by Nick Rice and Malcolm Irving, and will now become part of the CBRE global empire.brhttp://www.ukbusinessproperty.co.uk/news/article/790 Greene King please the City with profits of 142million and possibility of REIT conversion- July 4, 2008 Greene King,the Suffolk-based group, which also owns the Loch Fyne restaurant group, and is brewer of Old Speckled Hen ale, is to sound out major City investors about whether it should convert into a tax-efficient real estate investment trust (Reit) and whttp://www.ukbusinessproperty.co.uk/news/article/789 Bradford & Bingley in rights issue farce- July 4, 2008 Bradford & Bingley plans to increase its rights issue to £400 million after U.S. private equity firm TPG Capital pulled out of a plan to buy a stake, the bank said.TPG pulled out after ratings agency Moody's cut B&B's debt ratinghttp://www.ukbusinessproperty.co.uk/news/article/787 Bank of England say lenders appetite further reduced and falling as recession looms in bid to halt inflation- July 3, 2008 The credit squeeze for consumers and businesses looks set to intensify as lenders brace for rising defaults and the economy slows, a survey by the Bank of England showed yesterday.The findings are bound to heighten concern over the state of thhttp://www.ukbusinessproperty.co.uk/news/article/788 Capital Economics warn of recession with a 35% fall in house prices and 1 million jobless- July 2, 2008 A new report from Capital Economics has warned there is a strong chance the UK will enter a technical recession, with predictions of a 35% cut in house prices by 2010.In its UK Economics Update, Jonathan Loynes, chief European economist athttp://www.ukbusinessproperty.co.uk/news/article/786 Taylor Wimpey cash call rejected by major shareholders forces shares to crash.- July 2, 2008 Shares in Taylor Wimpey lost almost half their value today after the UK’s largest housebuilder by volume said that it had failed to secure a cash injection to repair its balance sheet. The Finance Director Peter Johnson has resigned.brhttp://www.ukbusinessproperty.co.uk/news/article/785 Westfield agree terms to start 1.5billion Olympic shopping centre development- July 2, 2008 Westfield Group, the Australian shopping center owner, got the go-ahead to begin building a £1.5 billion retail development next to London's planned 2012 Olympic Park.The company reached agreements on utilities and development rights withttp://www.ukbusinessproperty.co.uk/news/article/784 |