Commercial Property News Archive for 30-May-2007

Commercial property lending hits record (Financial Times)

Lending on commercial property grew by almost 20 per cent in 2006, according to new figures seen by the FT. Last year?s new lending hit a record of £85.7bn, 19.5 per cent higher than the £64bn figure for 2005, which was itself a record.

US property buy-outs (FT.com via Yahoo! News)

Relatively well-off people in Manhattan or San Francisco or Seattle tend to pay their rents. Financial markets, especially the asset-backed ones that are so key to leveraged buy-outs, like this kind of stability. So it is fairly surprising that real estate investment trusts focusing on apartments have not been the subject of private equity interest - until now at least. On Tuesday, Tishman ...

South Africa: Vukile Bullish On Strength of Rental Demand (AllAfrica.com)

STRONG demand for commercial property space across the board had enabled listed property loan- stock company Vukile Property Fund to slash its vacancies to 2,9% from 4,4% a year ago, the company said yesterday.

TODAY'S EDITORIAL: Zamindari State (The Times of India)

India's commercial property rentals can undermine its efforts to project itself as an attractive business destination. At Rs 4,712 per sq foot per annum, Delhi's Connaught Place is ranked by a global survey as the seventh most expensive business district in the world, against 17th last year.

Eight-in-a-row profitability for Macdonald (The Herald)

Macdonald Estates, the commercial property developer, has announced its eighth successive year of profits growth. The Edinburgh-based company, which specialises in commercial-led brownfield development and regeneration, has returned profits of £4.5m for 2006 - up 26% on 2005 and up 40% from 2004.

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