UK Business Property - RSS FeedCommercial Property NewsCrest Nicholson and Seeda get 500million regeneration plan approved for former Southampton shipyard- August 18, 2008 A £500m plan to build 1,620 new homes on the derelict former Vosper Thornycroft shipyard in Woolston now renamed Centenary Quay, has been passed by Southampton Council after a marathon six-hour planning meeting. It marked a victory for thttp://www.ukbusinessproperty.co.uk/news/article/878 Peterborough selects developer for 344 home zero-carbon residential development- August 15, 2008 pPod, a consortium made up of Morris Homes, Gentoo Homes and Browne Smith Baker architects, has been selected as the preferred developer for the first phase of the 344-home development in Peterborough. The project is expected to be zero-carbohttp://www.ukbusinessproperty.co.uk/news/article/872 Home repossesssion orders up in England & Wales- August 15, 2008 English and Welsh courts ordered more home repossessions in the second quarter of 2008 than at any time since the housing market crash of the early 1990s, in a further sign the economic slowdown is hitting households hard.The Ministry of Justihttp://www.ukbusinessproperty.co.uk/news/article/871 IPD index for July shows commercial property returns continuing to fall- August 15, 2008 IPD has released the results for its UK Monthly Property Index for July 2008. The Index showed all property total returns fell to -1.3% in July 2008, just slightly less than in the preceding month when all propertyhttp://www.ukbusinessproperty.co.uk/news/article/870 British Land announces Q1 loss of 572 million yet shares rise 5% on the news- August 14, 2008 Shares in commercial property firm British Land rose 5% this morning despite recording a loss of £572m on 'ordinary activities' for the first quarter of 2008, as many analysts now believe that the price is cheap for the quality of the assets.http://www.ukbusinessproperty.co.uk/news/article/868 HBOS folds TMB in bid to remove duplicate costs makes 425 jobless- August 14, 2008 HBOS is to cut 425 jobs and shut down The Mortgage Business, the specialist buy-to-let and self-certified lender owned by the group. Its customers will be transferred to Birmingham Midshires, also owned by HBOS. Intelligent Finance (IF), is to stop offerihttp://www.ukbusinessproperty.co.uk/news/article/867 Britannia BS reports H1 profits down 38% as reduced lending and bad debts hit bottom line- August 14, 2008 First half profits at the Britannia Building Society, the UK's second biggest, have fallen by more than 38% as the credit crunch continues to hit lenders. The mutual took a £40.4million bad debt provision, which it blamed in part on lending tohttp://www.ukbusinessproperty.co.uk/news/article/866 Analysts say Barclays , HBOS and others may need further new capital to survive a recession- August 14, 2008 Barclays, HBOS, and other British banks may have to raise further new capital to cover escalating losses on toxic debt and meet fresh needs if the economy slides into recession, according to analysts at Merrill Lynch.The US investment bank saihttp://www.ukbusinessproperty.co.uk/news/article/869 Mountview Estates Q1 profits down 30%- August 13, 2008 Residential property company Mountview Estates Plc. said profits for the first quarter are 30% lower than year-ago levels and that the quarter may prove to be typical of the full year.However, the company said trading conditions are very diffihttp://www.ukbusinessproperty.co.uk/news/article/865 5 star hotel planned for Scottish Borders- August 13, 2008 Acting on behalf of UK-based developers Manor Kingdom Estates and De Vere Hotels, Knight Frank has submitted plans to Scottish Borders Council to create a luxurious 5 hotel and conference facility in West Linton. The proposals representhttp://www.ukbusinessproperty.co.uk/news/article/864 |