Commercial Property News Archive for 19-Apr-2007

Shopping malls under pressure (News 24 South Africa)

Commercial property has had an impressive run over the past three years, but the performance gap between difference types of property is signifcant, reports Finweek.

BANK LENDING: Riding for another fall? (FT.com via Yahoo! News)

In the grim recession of the early 1990s, many of the UK's biggest High Street banks were badly burnt by the spectacular property crash. Then banks were forced to take huge bad-debt provisions after lending £40bn to commercial property developers. Barclays (NYSE:BCS) alone wrote off £1bn in 1993 and 25 small UK banks closed or failed after overlending on commercial property.

Carmela O'Neal Joins Beazley's U.S. Mid-Market Commercial Property Team (PR Newswire via Yahoo! Finance)

Beazley Group plc has further strengthened its U.S. commercial property team through the recruitment of Carmela O'Neal as a senior underwriter responsible for the eastern region of the United States.

Room for developers in the world of Reits (FT.com via Yahoo! News)

The arrival of real estate investment trusts (Reit) in the UK has prompted the biggest shake-up in the commercial property market for years. But Michael Marx, co-managing director of Development Securities, is non-plussed. "It hasn't changed anything for us," he comments. "What has changed? Nothing has changed."

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