Commercial Property News Archive for 14-Jan-2009

Property Companies in U.K. Need $20 Billion as Debt Levels Soar (Bloomberg)

Jan. 14 (Bloomberg) -- U.K. real estate companies may need to be rescued by shareholders this year to stay afloat. The largest commercial property firms need to raise as much as $20 billion this year to restore their balance sheets at a time when financing is scarce, according to estimates by Bernd Stahli, an analyst at Merrill Lynch & Co.

(AFX UK Focus) 2009-01-13 11:24 Close Bros warns new crunch on UK property losses (Interactive Investor)

LONDON, Jan 13 (Reuters) - Close Brothers said on Tuesday that investors and banks exposed to UK commercial property face massive losses and debt refinancing bills over the next four years, warning this may cause a second credit crunch. The British investment bank said the total value of the UK commercial property market could drop by a further 140 billion pounds ($209 billion) by 2012. It also ...

Close Bros warns new crunch on UK property losses (The Forex Market)

LONDON, Jan 13 (Reuters) - Close Brothers said on Tuesday that investors and banks exposed to UK commercial property face massive losses and debt refinancing bills over the next four years, warning this may cause a second credit crunch.

Weekend tips round-up: BAE Systems, Aero Inventory, commercial property (ShareCast)

LONDON (SHARECAST) - BAE Systems is a defensive stock in every sense of the word. Not only is the company involved in the defence business, but the very nature of its work means that it is shielded from the worst excesses of the economic slowdown.

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