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News

IMF: UK was hit by 'major global shocks' | 07 Aug 2008

The UK economy has suffered because of "major global shocks", the International Monetary Fund (IMF) said.In its regular check of the country's financial health, it noted inflationary expectations were on ......

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Whitbread to build on commercial property sites | 07 Aug 2008

Whitbread, the leisure group, is to announce it is to build nine new hotels on land set aside for commercial property, the Times has reported.It will construct Premier Inn hotels ......

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US firm takes plot in City | 07 Aug 2008

US legal firm Orrick Herrington & Sutcliffe has agreed terms on office space in the City of London.The company will take 75,000 sq ft at 107 Cheapside with an option ......

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Hedge fund managers want "class A" offices | 06 Aug 2008

Hedge fund managers want "class A" office space from which to run their investments, a commercial property consultant has claimed.Joshua Gilbery told the Guardian they are looking for vast amounts ......

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Financiers predict interest rate freeze | 06 Aug 2008

Leading financiers and business experts have predicted interest rates will freeze at five per cent.Paul Dales, UK economist at Capital Economics, Ross Walker from Royal Bank of Scotland, Stuart Green, ......

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Olympic developer warns profits down under | 05 Aug 2008

The Olympic Village's developer has warned the Australian stock exchange, UK activities will hit its group profits, Bloomberg has reported.Lend Lease said it expects net profit to fall by nearly ......

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Poll reveals 2009's confidence levels | 05 Aug 2008

An electronic poll of fund managers, analysts and traders has revealed their predictions for commercial property returns in 2009.According to Reuters, almost 75 per cent of those surveyed at an ......

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Corporation of London: Do not cap our pay | 04 Aug 2008

The Corporation of London has told the government to not cap pay levels in the City.Its head of economic policy, Stuart Fraser said "it would be crazy if the authorities ......

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Segro: Tax will force developers to demolish | 04 Aug 2008

Commercial property developer Segro has claimed the government's tax on empty commercial property is leading to increased demolition."Empty rates make it too costly to provide cheaper, older property. It makes ......

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Arabian buyers will soon see UK property bargains | 04 Aug 2008

Arabian investors will soon have a choice of commercial property bargains to pick from, according to middle-eastern publication, Emirates Business 247.It reported Leslie Kent, a shareholder director in JM Capital ......

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