Commercial Property News Archive for 21-Jan-2008

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.

Former engineer, wife in jail over property fraud (New Kerala)

Chandigarh, Jan 20 : A former engineer of the Punjab state construction department and his wife landed in a jail here on Sunday for selling to a local resident a commercial property that did not belong to them.

David Prosser's Outlook: Fear stalks commercial property funds (Independent)

One by one, the giant commercial property funds are falling prey to market contagion. Yesterday's announcement by Scottish Equitable that investors won't be able to take their money out of its £2bn property fund for up to a year was just the latest attempt by an investment manager to cope with rising panic in the sector.

Former engineer, wife in jail over property fraud (Calcutta News)

A former engineer of the Punjab state construction department and his wife landed in a jail here on Sunday for selling to a local resident a commercial property that did not belong to them.

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.

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