Commercial Property News Archive for 15-Apr-2008

Barratt Considers Sale of Commercial Property Division, FT Says (Bloomberg.com)

April 11 (Bloomberg) -- Barratt Developments Plc , one of the U.K.'s largest house builders, is considering selling its commercial property division to help reduce the debt assumed for last year's 2.2 billion-pound ($4.3 billion) purchase of Wilson Bowden Plc, the Financial Times reported.

Ailing UK property market is unlikely to hit bottom in 2008, predicts Grosvenor (Independent)

The Duke of Westminster's property group, Grosvenor, warned yesterday that Britain's commercial property market was unlikely to recover this year and that real estate returns were likely to slow globally.

Slowing asset value?decline?fails to?stop?capital?fall (Financial Times)

The commercial property sector managed to slow the decline in asset values for the third month running in March, although returns were still negative as capital values continued to fall.

Commercial property safe (The Australian)

THE value of prime Australian commercial properties will not fall as sharply as those in the US, Britain or Europe, leading economist Shane Oliver says.