Commercial Property News Archive for 25-May-2008

Plunge in US commercial property (Financial Times)

Commercial property prices in the US in February saw their sharpest decline since records began nearly 15 years ago as sources of finance for deals has dried up, according to data from Standard & Poor?s out yesterday.

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.

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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