Commercial Property News Archive for 31-Jan-2008

Commercial property owner opts against further appeal (Rolla Daily News)

Of the seven commercial-property owners who filed appeals with the State Tax Commission over new assessments completed by Phelps County last year, one owner has opted not to pursue any further appeal by stipulating to an agreed-upon valuation of the property.

AMP NZ Office Trust H1 net profit up 41 percent (Reuters via Yahoo! Malaysia News)

WELLINGTON, Jan 31 - New Zealand largest commercial property investor AMP NZ Office Trust reported on Thursday a 41 percent rise in first half profit on higher rental income.

Property Crunch Could Whack Brit Banks (BusinessWeek Online via Yahoo! News)

Walking around London's financial district is like touring a construction site. Giant cranes dot the skyline around St. Paul's Cathedral as workers busy themselves putting up the latest additions to Britain's long-running boom in commercial property.

UK commercial property demand at worst levels since 2003 - RICS report (The Forex Market)

LONDON (Thomson Financial) - The latest property survey from the Royal Institution of Chartered Surveyors has painted a gloomy picture of the state of the UK's commercial real estate market, with tenant demand falling to 2003 levels.