UK Business Property - RSS FeedCommercial Property NewsBank governor sees inflation at present level til next year - stagflation- August 13, 2008 Inflation should fall below the central bank's 2% target in two years if interest rates stay at 5%, the Bank of England said today, prompting markets to price in a rate cut by year-end.The Bank's quarterly Inflation Report showed the CPI ratehttp://www.ukbusinessproperty.co.uk/news/article/863 Balfour Beatty H1 profits up 25% to 95 million- August 13, 2008 Construction and services group Balfour Beatty posted a 25% rise in first-half profit today on revenues up 28% at £4.3 billion and said it expects order intake and trading to remain strong throughout the year.The company reported phttp://www.ukbusinessproperty.co.uk/news/article/862 Moody's sound warning as defaults on loans in CMBS rise 80% in Q2- August 12, 2008 Moody's Investors Service has claimed UK commercial property values fell have fallen 19% in the last 12 months, and with it the number of loans that have breached banking covenants such as loan-to-value ratios has increased.Lead analyst Violahttp://www.ukbusinessproperty.co.uk/news/article/857 Rok profits up 22% in H1 but exits commercial property sector- August 12, 2008 Rok plc reported a 22% rise in first-half profit on revenues up 37%, underpinned by solid public spending on social housing and education, but said it will close its commercial property operation.The building and maintenance services grohttp://www.ukbusinessproperty.co.uk/news/article/858 Savills report commercial property development at all time low since survey began.- August 12, 2008 In July,according to the monthly report from Savills,40% of commercial property developers had indicated a reduction in overall activity compared to one month earlier, while just 6.6% reported a rise. This represented a record low for the survey.brhttp://www.ukbusinessproperty.co.uk/news/article/860 Short run investments in regeneration areas are being hit harder than elsewhere- August 12, 2008 Total returns on property in areas that host regeneration projects are lower and are falling at a faster rate than other types of UK real estate investment,a report commissioned by national regeneration agency English Partnerships shows today.http://www.ukbusinessproperty.co.uk/news/article/861 Intercontinental Hotels report H1 profits up 29%.- August 12, 2008 The world's largest hotelier InterContinental Hotels Plc reported a 29% rise in first-half operating profits today, but said growth had slowed in the second-quarter, particularly in the U.S.The UK-based group, which operates InterContinental,http://www.ukbusinessproperty.co.uk/news/article/859 Mapeley reports strong H1 results, though NAV has slipped 13%- August 11, 2008 Mapeley said it had more than doubled its funds from operations (FFO) in the first half, showing not all constituents of Britain's flagging property market were in crisis.The company, which focuses on the acquisition and management of ashttp://www.ukbusinessproperty.co.uk/news/article/856 Workspace hit by 40million Q1 revaluation as NAV falls 8.4%- August 11, 2008 Workspace Group plc, the flexible business space provider which owns and manages London area office properties , reported net rental income of £12.1 million for the first quarter, up 2.5%, helped by continuing strong demand from small and medium-sihttp://www.ukbusinessproperty.co.uk/news/article/855 McCarthy & Stone trying to shed debt burden- August 8, 2008 McCarthy & Stone, the UK's largest retirement homes builder, is talks with its lenders over re-negotiating its bank debt, as its loans plunged in value this week amid the worsening housing sector.Talks with the lenders are in the "earhttp://www.ukbusinessproperty.co.uk/news/article/854 |