Property trusts strike £1.6 billion merger

Posted by property | Posted in Real Estate | Posted on 09-06-2010-05-2008

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Property trusts strike £1.6 billion merger
The F&C Commercial Property Trust and UK Commercial Property Trust have agreed to merge, creating Britain’s sixth largest listed property company with a market capitalisation of around 1.6 billion pounds.
Read more on Reuters via Yahoo! UK & Ireland News

Property funds face costs from riots
The number of new property funds being issued may decline as funds could be forced to buy wider-ranging, more costly insurance to cover acts of terrorism and business interruption in the wake of the country’s recent political turmoil.
Read more on Bangkok Post – Thailand’s English news

China eyes property tax to quell its housing bubble
Fearful of a U.S.-style real-estate collapse, China has doused the country’s sizzling housing market with new rules aimed at cooling property speculation.
Read more on Seattle Times

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