Commercial Property News Archive for 22-May-2008

UK commercial property values are in freefall (Financial Times)

UK commercial property values are in freefall but new ?vulture? funds are now being set up to buy in at discounted prices. The latest data from IPD, the industry yardstick, on Tuesday showed that December was the worst month ever and the last 12 months recorded heavy falls.

Great Portland Estates: London City rents may fall 10pc (Daily Telegraph)

Great Portland Estates, the London West End commercial property company, warned capital values could fall further after posting a 2pc fall in its net asset value.

Businesses plan to sell holdings (Financial Times)

More businesses are planning to reduce their property holdings as a result of difficult credit conditions and the weakening economic outlook, according to a survey that offers little hope of a rapid recovery in commercial property.

Apollo Starts Europe Commercial Property Debt Business, FT Says (Bloomberg.com)

May 19 (Bloomberg) -- Apollo Real Estate Advisors LP, the private equity fund manager, set up a European commercial property debt business to buy distressed debt from bank lenders, the Financial Times reported.

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