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Lloyds 2009 loss totals
Posted on February 25th, 2010 No commentsLloyds Banking Group recorded an operating loss of £6.3 billion during 2009, with toxic loans cited as the main reason for the bank's poor performance.
The company said it lost £24 billion on such loans in the 12 months to December 31st -
GVA Grimley predicts ‘steady’ commercial property rents
Posted on February 25th, 2010 No commentsRents for retail business property are likely to remain largely unchanged during 2010.
This is according to head of retail at GVA Grimley Jason Sibthorpe, -
William Hill FY 2009 pre-tax profits fall 9% on revenue down 4%
Posted on February 25th, 2010 No commentsWilliam Hill Plc today reported it's FY 2009 results, which showed a pre-tax profit down 9% on last year to £197.5 million (pre-exeptionals) on revenue down 4% to £997.9 million.
William Hill operate over 2300 betting shops in the U -
Degi says HIH at New Bridge Street
Posted on February 25th, 2010 No commentsGerman closed-ended fund manager HIH Global Invest, advised by King Sturge, has completed its purchase of Degi’s 100 New Bridge Street for £110.3m at a 6.17% yield.
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Delancey scores banks hat-trick
Posted on February 25th, 2010 No commentsDelancey buys Castlemore assets and manages ex-Modus mall so Royal Bank and Anglo Irish can recover loans
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Barrie rushes up Tower 42
Posted on February 25th, 2010 No commentsThat was awful.
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McCabe’s Scarborough buys Modus companies
Posted on February 25th, 2010 No commentsKevin McCabe’s Scarborough Group has bought Modus Properties and seven other Modus companies for £37m.
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General Growth to split as Westfield enters fray
Posted on February 25th, 2010 No commentsGeneral Growth Properties plans to split itself in two as part of its move to exit bankruptcy that includes a $2.63bn investment from Brookfield Asset Management.
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Primary Health shows its resilience with 2009 NAV growth
Posted on February 25th, 2010 No commentsPrimary Health Properties defied the recession with net asset value growth of 8.3% last year.
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UK boosts Segro’s portfolio value
Posted on February 25th, 2010 No commentsUK property valuation gains of 8.9% in the second half of the year buoyed Segro’s year results, revealed this morning.