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News

Lehman wants to sell its property portfolio | 18 Aug 2008

Lehman Bros. is in talks with potential buyer BlackstoneBlackRock regarding the sale of its vast commercial property portfolio, the Financial Times has reported.The US is looking to move on its ......

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Olympic media centre millions over budget | 15 Aug 2008

The London 2012 Games' media centre could be as much as £90 million over budget, a source close to its development has said.It is also possible more parts of its ......

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Cuts threaten 8m sq ft of London developments | 15 Aug 2008

Cuts across the City are threatening the development of up to eight million sq ft of office space, the Times has reported.Following confirmation by British Land (BL) it is to ......

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Capital & Regional provoke share surge | 14 Aug 2008

Property fund manager Capital & Regional has prompted a 12 per cent increase in its share price, telling investors it was planning to sell up.The firm announced it was considering ......

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BL will cut 'Cheese Grater' plans | 14 Aug 2008

British Land (BL) will hold off on its development plans of the 'Cheese Grater', a new skyscraper in the City.BL said it would review the development's timings and maintained its ......

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Mapeley re-draws profit | 13 Aug 2008

Property outsourcing company Mapeley has reported a £53 million loss for the first half of this year.The firm, which acts as landlord to HM Revenue and Customs, has seen its ......

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Rok drops commercial property arm | 13 Aug 2008

Development contractor Rok is to withdraw its commercial property arm and lessen its exposure to the market.The firm reported a healthy 22 per cent interim profit and said it was ......

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German fund to bid for City office scheme | 13 Aug 2008

German fund manager Deka could become the next overseas owner of commercial property in the City of London.Property Week has reported it is believed to have agreed to buy Hammerson ......

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Multiple disputes could bring London to standstill | 13 Aug 2008

Multiple disputes by transport workers could bring London to a halt.More than 2,000 underground and bus workers are threatening to strike over pay and constrict the vital flow of workers ......

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Moody's: Commercial property values fell 19 per cent | 11 Aug 2008

Moody's Investors Service has claimed commercial property values fell have fallen 19 per cent in the last 12 months.It said rising borrowing costs forced lenders to write down billions on ......

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