While fund managers’ confidence has been shaken in recent months by the economic downturn, major businesses still appear optimistic – particularly regarding their own prospects. These are among the findings of the latest quarterly Lloyds Banking ... Read more
Moorfield and Hines have today confirmed their £200m purchase of eight buildings on the Brindleyplace estate, as rumoured earlier in the week. For more details, see Property Week. ... Read more
Last week’s upbeat comments from Scottish Widows Investment Partnership regarding the prospects for commercial property have been challenged by Jason Butler from Bloomsbury Financial Planning. Butler says in an interview with FT Adviser that ... Read more
North West property experts Place North West have interviewed a number of property professionals in the region to look back over the first half of 2010 and give their views on prospects for the rest of the year. The scale of public-sector cuts to ... Read more
Press reports indicate that a major deal is about to go through on Birmingham’s Brindleyplace mixed-use estate, involving the sale of eight of its 11 office complexes. It has been reported that Moorfield and Hines have lined up a £200m bid. The ... Read more
The Bank of England has indicated today that it is keeping a close eye on the UK commercial property market and watching for signs that banks are becoming less prepared to accommodate borrowers’ difficulties in repaying debt. In the BoE’s latest ... Read more
The Emergency Budget numbers have been crunched, the results are in, and the verdict is…well, we all knew it was going to hurt, and it is indeed going to be painful. For those masochists among you who would like to dwell on the finer points, ... Read more
Fund manager Scottish Widows Investment Partnership (SWIP) says that the prospects for the UK commercial property market remain “encouraging” for the long term. Its latest research, covering the outlook for the next five years, includes a forecast of ... Read more
In further reaction to today’s Emergency Budget (see below), the British Retail Consortium has said the Chancellor was right to use public spending cuts as the main means for addressing the deficit, but argues that the VAT increase to 20% is ... Read more
Phil Westerman, Head of Construction at Grant Thornton, had this to say about the impact of today’s Emergency Budget on the construction sector: “The tax and VAT hike announced today will add to the distress of an already fragile recovery in the ... Read more
