Commercial Property News Archive for 25-Jan-2008

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.

Great Portland Estates joins slide in asset value (FT.com via Yahoo! News)

Great Portland Estates has become the latest commercial property company to be hit by the downturn in the market, suffering a 6.5 per cent fall in net asset value during the last quarter.

Helical raises the bar (Investors Chronicle)

Canny property developer Helical Bar says it sees the prospect of value emerging in the commercial property market for the first time since 2005. The remarks echo comments made earlier this week by Land Securities , the UK?s largest real-estate investment trust (Reit), which has amassed a £1bn war chest for property acquisitions.

Derivatives call commercial property down 30% (Reuters via Yahoo! UK & Ireland News)

Property derivatives slipped further in volatile trade this week and are pricing in an overall 30 percent drop in commercial property values from their peak last summer, dealers said on Tuesday.

Back to Offices in Leicester
Back to Commercial Property News Archives