Commercial Property News Archive for 12-Dec-2007

Commercial property fund loses �150m (Guardian Unlimited)

New Star Asset Management yesterday wrote nearly �150m off the value of its �1.7bn UK Property unit trust in the latest sign of a gathering crisis among commercial property funds

Westfield Bond Risk Increases to Record on U.S. Slump (Update1) (Bloomberg.com)

Dec. 11 (Bloomberg) -- The risk of Westfield Group, the world's biggest shopping center owner, defaulting on its debt rose to a record on concern the U.S. housing recession will curb retail sales and commercial property construction.

Aberdeen says to launch UK property fund next year (Reuters via Yahoo! UK & Ireland News)

Aberdeen Asset Management said on Tuesday it planned to launch a UK commercial property fund for institutional investors in late 2008 to take advantage of a market that was sliding fast but likely to bottom next year.