Commercial Property in PA10

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Argyll & Bute Property News

St Modwen finally get £2 billion New Covent Garden redevelopment contract
Covent Garden market, having been transplanted from the West End in 1974, is to be re-potted into a more condensed format following the contract that the Covent Garden Market Authority(CGMA) has finally signed with developer St Modwen and it's Watford-based contractor partner VINCI, more than nine m...
Capco launch share offer to fund Covent Garden plans
Capital & Counties (Capco) today announced a share placing to fund acquisitions and more developments at its flagship Covent Garden estate.68.4 million new shares, representing 9.99% of Capco's current issued share capital are offered, with the intention of creating more space at Covent Garden, ...
Development Securities shows how to make a profit in today's commercial property market
Development Securities today reported that it had made £6 million profit from three of the schemes which it had purchased from the proceeds of a £100 million equity raise in 2009, which it followed with another in 2010. The firm, which is perhaps best known for it's Paddington developmen...
Shaftesbury can't match 2011 as H1 valuation gains are less than half as much despite full occupancy
Shaftesbury Plc, the London West End landlord, in its H1 results today, said its pre-tax profits have tumbled from £101 million last year to £38 million due to a loss on derivatives and a property revaluation surplus of just £22.3 million compared to £49.6 million last year. ...
British Land put a brave face on unremarkable FY results
British Land, our number 2 REIT, today announced unremarkable full year results, with rental income growth of 5.4% thanks mainly to acquisitions, as on a like-for-like basis, net rental income was only 1.5% higher than a year ago. Pre-tax profits were also hit by weaker valuation increases of 2...
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