Commercial Property News Archive for 13-May-2009

Opposition unites over 'Rudd Bank' (The Age)

The prospect of the Federal Government's rescue package for the commercial property sector getting off the ground has been dealt a further blow in the Senate.

Aareal First-Quarter Profit Falls 46% on Provisions (Update1) (Bloomberg)

May 12 (Bloomberg) -- Aareal Bank AG , the commercial- property lender that tapped Germany?s bank-rescue fund, said first-quarter profit declined 46 percent as it set aside more money to cover possible loan defaults.

Commercial property market continues to struggle in Wales (icWales)

THERE was little sign yesterday that the worst of the slowdown in the commercial property sector in Wales has passed in the first three months of this year.

Irish Nationwide AGM after big loss (RTÉ News)

Irish Nationwide's annual general meeting is taking place this afternoon, against the backdrop of the building society's first annual loss in its 136-year history. It is heavily exposed to the commercial property and development sectors.

Rudd Bank freezes on starting block (Sydney Morning Herald)

THE Federal Government's rescue package for commercial property was dealt a potentially fatal blow in the Senate yesterday during a strident attack that questioned the need for the so-called Rudd Bank.

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