Commercial Property News Archive for 17-Jan-2008

German bank hit by sell-offs (Deutsche Welle)

Shares in German commercial property lender, Hypo Real Estate, are up over three percent following a 37- percent sell-off on Tuesday. Investors reacted to the news that it would write down millions of bad investments in its US real estate portfolio with a massive sell-off.

Sprucing up town (Clark County Democrat)

On the opposite page you will find several photographs of empty Grove Hill storefronts that are for sale. We would venture to say that more commercial property is on the market or vacant than ever before in the town's 176-year history (we date from 1832 when the county seat was moved here from Clarkesville).

U.K. Commercial Property Returns Decline by Record (Update2) (Bloomberg.com)

Jan. 15 (Bloomberg) -- U.K. commercial real estate returns fell by a record amount last month as banks' tighter lending terms accelerated a decline in property values, according to Investment Property Databank Ltd.

Hypo Real Estate Sinks on Pretax Profit, Dividend Cut (Update2) (Bloomberg.com)

Jan. 15 (Bloomberg) -- Hypo Real Estate Holding AG had its biggest decline ever in Frankfurt trading after the German commercial property lender said pretax profit fell in 2007 and that it will cut its dividend. The shares tumbled 35 percent.

Record monthly fall for IPD index (Financial Times)

The commercial property market suffered its worst month on record in December, according to the key sector benchmark. The Investment Property Databank (IPD) index showed a fall of 3.7 per cent in total returns last month, the largest since it began in 1986.

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