INDUSTRY NEWS

Mapeley announces pre-tax loss

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Mapeley has reported that it registered a hefty pre-tax loss from operations over the nine months to September 30th – despite the fact that its gains from funds from operations went up by 16.7 per cent over the same period. The company specialises in providing commercial property management services to firms with large real estate […]

INDUSTRY NEWS

Commercial property deals ‘lacking liability cover’

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A significant proportion of commercial property transactions are suffering from a lack of adequate liability cover, it has been claimed. Home information pack (Hips) provider Richards Gray says that around ten per cent of such transactions have insufficient cover – leaving firms with commercial mortgages at risk of losing considerable sums of money. A large […]

INDUSTRY NEWS

Property firms fire commercial and residential sector warnings

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The global credit crisis has already had a significant impact on the residential and commercial property markets – and these problems will continue, two of the country’s largest property firms have said. Liberty International, a real estate investment trust, said that investors were losing their appetite for commercial property – while housebuilder Bovis Homes says […]

INDUSTRY NEWS

DTZ headquarters set for Old Broad Street

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DTZ’s new European headquarters will be based at 125 Old Broad Street in the City of London, according to the latest reports. The global property services company will lease around 100,000 sq ft of office space at the scheme, which is located at the site of the old London Stock Exchange. No contracts are yet […]