Commercial Property News Archive for 20-Jan-2008

Commercial property managers in race to prevent investor panic (Independent)

Britain's largest commercial property managers rushed to prevent a run on their funds yesterday, as investors began to panic following Scottish Equitable's decision to prevent some investors from withdrawing their savings for as long as 12 months.

Aegon unit freezes property-fund withdrawals for up to a year (Market Watch)

Scottish Equitable, a U.K. division of Dutch insurance giant Aegon, said Friday that investors in its commercial-property funds will have to wait up to a year for their money after a surge in withdrawal requests.

Dublin 3rd in EU commercial property (Ireland Business World)

Dublin came third in the top ten European cities ranked according to the strength of the commercial property market, the latest Knight Frank European Strength Rankings show.

UK commercial property values are in freefall (Financial Times)

UK commercial property values are in freefall but new ?vulture? funds are now being set up to buy in at discounted prices. The latest data from IPD, the industry yardstick, on Tuesday showed that December was the worst month ever and the last 12 months recorded heavy falls.

Managers 'should waive fees' for locked funds (Daily Telegraph)

Commercial property funds forced to close to investors looking to withdraw cash should waive their multi-million fees, according to financial experts.

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