Commercial Property News Archive for 27-Feb-2008

'Mansion tax' due on commercial properties, too (The Record)

Q. When is a purchaser of commercial property required to pay the so-called commercial mansion tax on the purchase?

UK commercial property (Financial Times)

You know sentiment in the UK property sector is bleak when Hammerson? s announcement on Monday that its net asset value per share had dropped 5.5 per cent since June helped trigger a five per cent rise in the stock price by lunchtime.

Hammerson counters UK property slowdown (Daily Telegraph)

Hammerson, the commercial property group, reported a 5.5pc fall in its net asset value for the second half of 2007, as the sharp slowdown in the sector drove property values down for the first time in 11 years.

Air conditioner thieves big pain for businesses (The Post and Courier)

A $3,500 air conditioning unit ravaged for $30 worth of copper and aluminum. It's happening almost daily in the Charleston area, leaving frustrated business owners, police, recyclers, insurance agents and lawmakers searching for solutions. "The business community is really taking it on the chin," commercial property manager Robert Pratt of Summerville said. "It's much, much worse than you would ...

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