UK Business Property - RSS FeedCommercial Property NewsOffice firm Derwent London report NAV down 9.1% as it turns in H1 profits of 2.1 million.- August 29, 2008 Real estate investor Derwent London said its adjusted net asset value fell by 9.1% in the half year to the end of June as the property market in the UK capital showed increasing signs of stress.Derwent London, which specialises in officehttp://www.ukbusinessproperty.co.uk/news/article/903 Bradord & Bingley fall to H1 loss of 26.7 million- August 29, 2008 Bradford & Bingley, Britain's largest buy-to-let lender with 19% of the market, posted a £26.7 million first-half pretax loss, hit by writedowns and investment losses, and said bad debts continued to rise.http://www.ukbusinessproperty.co.uk/news/article/902 Regus 39% up in first half trading- August 29, 2008 Regus PLC, the office rental company, posted a 39% increase in first-half profit today and said its robust business model would enable it to cope with difficult economic conditions. Regus, which offers ready-to-use offices for periodhttp://www.ukbusinessproperty.co.uk/news/article/901 Savills report strong H1 results but hesitates to predict full year outcome- August 28, 2008 Savills plc, the international property adviser, today announced strong H1 results with revenues of £278.1million and profits of £33.4million which are similar to the previous year. The underlying results do reflect the difficult market condithttp://www.ukbusinessproperty.co.uk/news/article/899 Segro falls to losses in H1 as NAV falls a further 12%- August 28, 2008 Segro saw the value of its UK assets slump by 10% in H1 as it suffered from the downturn in the property market. The valuation loss of £389million wiped out profits to result in a pre-tax loss of £315.3million, and a 12% fall in NAV to 605p.bhttp://www.ukbusinessproperty.co.uk/news/article/898 Nationwide say house prices falling faster than at any time since 1991- August 28, 2008 House prices fell 1.9% in the month of August to post their biggest annual drop since monthly records began in 1991, the Nationwide building society said today.The decline, which was bigger than most analysts were expecting, pushed the averagehttp://www.ukbusinessproperty.co.uk/news/article/900 Business as usual for commercial property in Brighton- August 27, 2008 Morley Fund Management sold Mocatta House, Trafalgar Place, Brighton, to Invista for £8.8 million.The office complex, next to Brighton railway station, measures 3,421sqm over six floors and has 63 car parking spaces.It is curhttp://www.ukbusinessproperty.co.uk/news/article/896 Taylor Wimpey reveals a 1542 million loss and confirmed talks with lenders agree new loan terms- August 27, 2008 Taylor Wimpey, the UK's largest housebuilder, today announced it's interim results for H1 2008, showing a loss of £1542million. The business made a small operating profit if £4million which was swallowed up by losses on it's land bank values ihttp://www.ukbusinessproperty.co.uk/news/article/897 Commercial property EPC deadline draws close with much confusion among all involved- August 26, 2008 New government legislation that will require hotels, pubs and restaurants to have an Energy Performance Certificate (EPC) before they can be sold is already causing confusion, property experts have warned.The law, set to come into force on Octhttp://www.ukbusinessproperty.co.uk/news/article/892 Battle of the giants for Liberty as both Simon & Westfield build stakes- August 26, 2008 Shopping centre developer and manager Westfield Group has taken a 2.96% stake in Liberty International Plc for "investment purposes".Westfield, the world's largest listed retail property group, said it had acquired 10.7 million ordinhttp://www.ukbusinessproperty.co.uk/news/article/895 |