The full force of the credit crunch is now being felt by the European commercial property market, according to new research by Cushman & Wakefield.
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Latham House is soon to provide the Midlands base for another national company which is moving its regional operation to the Birmingham city centre location.
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Business owners concerned about rising costs have been warned to check on their service charges if they are planning to rent offices or commercial property.
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Falling financial markets, the credit squeeze and fears of recession combined to wipe almost £2 billion off the value of British Land's property portfolio.
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The Government may be celebrating its success in achieving its targets to develop 60 per cent of new homes on brownfield land by 2008, but it appears that term is still viewed with suspicion.
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While some suggest the commercial property market is feeling the pinch, the office agency team at King Sturge has noticed a much more positive picture in central Birmingham.
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Property firm Land Securities has reported an 8.8 per cent slide in the value of its portfolio, but said it was outperforming industry benchmarks and its planned demerger was progressing well.
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Construction, property and development consultancy DBK Back has been appointed by St Modwen Properties as project manager, cost consultant and CDM co-ordinator for the redevelopment of a Coventry business park.
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Estate agents who deal with lettings are being advised by the Ombudsman for Estate Agents, Christopher Hamer, to pay particular attention to their dealings with clients.
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Franck-Steier Price has completed the freehold sale of two prime shops at 31 and 33 Pride Hill, Shrewsbury, for Schroder Emerging Retail Property Unit Trust. The retail units occupy a prime position in Shrewsbury town.
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Lambert Smith Hampton (LSH) is expanding its national planning, development and regeneration service with the appointment of former Erinaceous director of planning, Tony McAteer, together with his team.
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Business property consultants John Truslove is offering several modern smaller business units for let on Washford Industrial Estate in Heming Road, Redditch.
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Property giant Hammerson - part of the three-strong alliance behind Birmingham's Bullring shopping centre - has painted a gloomy picture of its UK market after revealing further falls in property values.
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Real Estate Investors – which claims to be Birmingham’s only quoted property investment company – has reported a year of considerable progress culminating in a return to profit.
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Construction company Weaver has completed the first phase of Apex Business Park in Worcester with the handover of a £3.4 million development for A&J Mucklow Group.
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