Commercial Property News Archive for 06-May-2008

Bassi waiting for commercial property prices to drop further (Financial Times)

Commercial property prices have another 10 per cent to fall in the Midlands, according to Paul Bassi. The well-known local investor then expects to enter the market, snapping up office space through Real Estate Investors, the Aim-listed company in which he has a 20 per cent stake.

Commercial property in free fall (Investors Chronicle)

UK commercial property has had its worst year on record, with total returns (rents plus asset values) of minus 9.7 per cent for the 12 months to 31 March 2008. Figures released today from property research bureau IPD show the worst annual decline in the history of its index, which dates back to 2001.

Hammerson Says U.K. Commercial Property Fall Extends (Update1) (Bloomberg.com)

May 1 (Bloomberg) -- Hammerson Plc , the British developer that owns Birmingham's Bullring and London's Brent Cross shopping centers, said U.K. commercial property values fell in the first quarter and the French office market started to weaken.

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