UK Business Property - RSS FeedCommercial Property NewsRockspring announce 4 UK acquisitions for 48.5 million- September 8, 2008 Rockspring Property Investment Managers, the london based property fund manager, said on Friday that it has completed four acquisitions on behalf of its Retail Plus Property Trust and Trans-European IV funds for a total of £48.5million. Rocksphttp://www.ukbusinessproperty.co.uk/news/article/928 HBOS chief sees UK house prices falling for at least 12 months- September 8, 2008 Andy Hornby, Chief Executive of Halifax Bank of Scotland told the BBC's Business Editor Robert Peston that the credit crunch will last a further 18 months. He confirmed that HBOS is only lending what it is taking in as customers deposits, which explains ihttp://www.ukbusinessproperty.co.uk/news/article/929 Mounting concern about ongoing level of BoE support to UK banks hits bank shares- September 5, 2008 There is mounting concern in the UK banking sector about what will happen to the funding support provided by the Bank of England as the end of the current scheme in six weeks tightens the screws on lenders.Analysts say Britain's banks mahttp://www.ukbusinessproperty.co.uk/news/article/926 Bluemantle secure 85 million debt finance- September 5, 2008 Commercial property investment, development and asset management group Bluemantle has secured an £85m refinancing package, which will help it re-structure itself into a co-investing fund manager.The family-owned Manchester company, whichhttp://www.ukbusinessproperty.co.uk/news/article/921 Wetherspoon profits down 11% as pubs struggle- September 5, 2008 Pubs group JD Wetherspoon reported an 11% decline in full-year pretax profit today as the smoking ban and slowdown in consumer spending impacted sales.The group, which has nearly 700 pubs in Britain, made an adjusted pretax profit of £55http://www.ukbusinessproperty.co.uk/news/article/922 Banks are twisting Taylor Wimpey's arm- September 5, 2008 Pressure to reach agreement grows on Taylor Wimpey as interest charges on debts are set to spiral to £170million a year as banks increase the interest rates they will charge the firm as the price of breaching the loan to value covenant.Thttp://www.ukbusinessproperty.co.uk/news/article/923 Commercial property experts forecast no capital growth for next 5 years- September 5, 2008 Hopes of a recovery in commercial property values this year and next have been dashed by the latest Q3 survey by the Investment Property Forum (IPF).The five year view shows negative capital value growth over the period and sub-inflation returns from thehttp://www.ukbusinessproperty.co.uk/news/article/925 Southern Cross ease their troubles with further sales and leasebacks of care homes and loses CEO- September 5, 2008 Southern Cross,the largest provider of care homes and long term care beds in the UK,has raised more than £20m to help pay down debt – and announced the departure of chief executive Bill Colvin.The troubled company, which operates ahttp://www.ukbusinessproperty.co.uk/news/article/924 Leicester Highcross opens as the UK's most technologically advanced shopping complex- September 4, 2008 The UK's most technologically advanced shopping centre opens today in Leicester at the newly refurbished Highcross complex. The 1.1 million sq ft scheme has John Lewis, House of Fraser and Debenhams as anchor stores out of a total of 120 stores, 15 restauhttp://www.ukbusinessproperty.co.uk/news/article/920 Why the self -cert commercial mortgage has vanished- September 4, 2008 If you are wondering what happened to self-certified commercial mortgage lenders Commercial First, 5D Finance, Interbay, and Base Commercial Mortgages, who 12 months ago were touting for commercial mortgage business, look no further than the figures releahttp://www.ukbusinessproperty.co.uk/news/article/919 |