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Falling UK commercial property prices
UK commercial property prices have already fallen by 25 per cent since last summer, but there is now clear evidence is that the UK property market has entered its so-called “double dip” phase as falling rents from struggling office and retail occupiers began to accentuate already dropping prices in the cyclical market downturn over the past year.
http://www.ft.com/cms/s/0/33d70816-cfff-...
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(AFX UK Focus) 2009-01-08 07:34 UPDATE 1-Land Securities sells Trillium for $1.1 bln
LONDON, Jan 8 (Reuters) - Land Securities Group Plc is to sell its Trillium outsourcing arm for 750 million pounds ($1.1 billion), in a deal which streamlines its business and bolsters its balance sheet amid miseries in the UK property market. Trillium, which had gross assets of almost 1.3 billion pounds at Sept. 30, has been sold to property investment and services company Telereal, bringing to ...
http://www.iii.co.uk/news/?type=afxnews&...
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