UK Business Property - RSS FeedCommercial Property NewsConcensus view of commercial property insiders is for further falls in values through 2009- August 5, 2008 Commercial property values in the UK are set to continue tumbling in 2009 because corporate demand for space has barely begun to wilt, property fund managers, analysts, and derivative traders said yesterday.Almost three-quarters of delegates phttp://www.ukbusinessproperty.co.uk/news/article/842 UK grinds to a halt as fear of slipping back into deep recession rises- August 5, 2008 The services sector shrank for a third straight month in July and manufacturing output fell for a fourth month in a row in June, data showed today, sharpening fears of a deep economic slowdown.Many economists say Britain risks slipping into ithttp://www.ukbusinessproperty.co.uk/news/article/844 Lend Lease hit by UK housing market and losses in commercial property values of 12%- August 5, 2008 Lend Lease, the Australian property group that is developing London's Olympic village, has announced a 12% drop in the value of its stake in Bluewater, the shopping centre in Kent, near London.Lend Lease also blamed difficult UK housing markethttp://www.ukbusinessproperty.co.uk/news/article/841 UK construction industry in recession, led by the housing industry trigger fears of overall recession- August 4, 2008 Construction activity fell at a record pace in July, a survey showed today, as the credit crunch took an increasing toll on the once hot property market and the economy slowed.The Chartered Institute of Purchasing and SupplyMarkit constructiohttp://www.ukbusinessproperty.co.uk/news/article/840 Metrovaseca looking for a partner to share the pain of HSBC Tower- August 4, 2008 Spanish property giant Metrovacesa has hired Goldman Sachs to bring in a joint venture partner for its £1.09bn investment in HSBC tower.It is thought to be looking for a partner to take 10% of the tower in order to raise around £80http://www.ukbusinessproperty.co.uk/news/article/838 HSBC make H1 profits 28% down at 5.2 billion in line with expectations- August 4, 2008 HSBC, Europe's biggest bank, said its first-half profit fell 28%, in line with forecasts, as a £7.11 billion ($14 billion) hit on bad debts on U.S. home loans and asset writedowns offset strong Asian growth.HSBC said pretax profit in thehttp://www.ukbusinessproperty.co.uk/news/article/839 Alliance & Leicester report H1 profits wiped out- August 1, 2008 Alliance & Leicester, which is being taken over by Spain's Santander, said first-half profits were almost wiped out due to a £209 million hit to the value of risky assets and higher funding costs.Britain's seventh-biggest listed bankhttp://www.ukbusinessproperty.co.uk/news/article/836 Henderson Global set up new UK Outlet Mall Fund with 365million purchase of 3 malls- August 1, 2008 Henderson Global Investors has completed one of the largest commercial property deals this year after buying three out-of-town designer retail malls for £365million as the basis for a new UK retail property fund.The fund manager has acquhttp://www.ukbusinessproperty.co.uk/news/article/835 F&C see value in UK equities and opportunities as the bottom of the market approaches.- August 1, 2008 F&C Commercial Property Trust, the 140 year old popular savings vehicle has released interim results of it's unitised investments in two indirectly held property funds, the Industrial Property Investment Fund and The Mall Fund. F&C believe thttp://www.ukbusinessproperty.co.uk/news/article/837 |