UK Business Property - RSS FeedCommercial Property NewsTesco raise 605 million from commercial property sales- August 21, 2008 Tesco, the UK's largest retailer, said today it had raised a further £605 million in four sale-and-leaseback property deals.The transactions mean the supermarket giant has raised nearly £2 billion since it set a target in 200http://www.ukbusinessproperty.co.uk/news/article/885 More bad news for the High Street as buyers go online lifting online retail sales 11.3% in July- August 20, 2008 Online retail sales in Britain rose by 11.3% in July compared to the month before as wet weather boosted online clothing sales while electrical sales also soared, a report said today.The IMRG Capgemini e-Retail Sales Index showed Britons spenthttp://www.ukbusinessproperty.co.uk/news/article/879 Oak sign deal with Rotherham Council for 390 million Yes! Project- August 20, 2008 Oak Holdings plc, the AIM listed property development and consultancy group, has announced that the Development Agreement for Oak's £390million YES! Project, a 1.2million sq ft covered fully integrated mixed-use leisure and entertainment based resorhttp://www.ukbusinessproperty.co.uk/news/article/881 Eco-towns scheme being moved to the back burner- August 20, 2008 Ministers have been forced to delay the timetable for implementing Gordon Brown's eco-towns scheme, in the latest -setback to the project, the Financial Times has reported.The FT says : "A shortlist of applicants due to be published in Ochttp://www.ukbusinessproperty.co.uk/news/article/880 Land Securities sell 50% stake in west London office tower to Liberty International- August 20, 2008 Land Securities said today it has sold a 50% stake in its Empress State office tower in west London to Liberty International for £107.75 million.The 470,000 square foot Empress State building in London's Earls Court area is lhttp://www.ukbusinessproperty.co.uk/news/article/882 Bowbridge Group submits plans for 200 million redevelopment of former Corah factory site in Leicester- August 19, 2008 Bowbridge Group has submitted a £200 million plan to build a new city centre swimming pool, ice rink, bowling alley, homes, shops and offices on the old Corah factory site in Leicester.The Bowbridge Group, which owns the land, also wantshttp://www.ukbusinessproperty.co.uk/news/article/877 Brixton reports H1 NAV down 17.8% and a loss of 236.7 million- August 19, 2008 Brixton plc, the London area industrial landlord which became a REIT, has reported a H1 loss of £236.7million which has resulted in a 17.8% fall in NAV to 448p per share.Valuations of the Brixton portfolio were carried out by CB Richardhttp://www.ukbusinessproperty.co.uk/news/article/876 UK Coal gets the go-ahead for 900 home mixed development at Pontefract- August 19, 2008 UK Coal has won planning permission from Wakefield Council to redevelop a 300-acre former Prince of Wales Colliery site at Pontefract in West Yorkshire.The oldest mine site in Britain will be transformed into 917 homes, a businesshttp://www.ukbusinessproperty.co.uk/news/article/875 SWAP Rates remain at historic highs as an indicator of stresses which remain in financial system- August 18, 2008 The fall in high oil prices and recovery of stocks and the dollar over the past month might suggest the year-long global financial upheaval is easing, but that's not the picture painted by interest rate swaps.The gap between 10-year swap rateshttp://www.ukbusinessproperty.co.uk/news/article/873 Europe's top 2 banks must decide how to capitalise on their advantage- August 18, 2008 HSBC and Santander, Europe's top two banks, are stretching their lead over hard-hit rivals and may have a window of opportunity to drive home their capital strength advantage to pick up bargains and market share.Unlike most banks, the main chahttp://www.ukbusinessproperty.co.uk/news/article/874 |