Commercial property loans dry up

The decade-long lending boom to the commercial property industry has officially come to an end, with outstanding debt to the sector showing a decline for the first time since records began

• UK property sector losses loom
• UK commercial property values surge

Google set to enter UK property market

Australian model for property portal could be launched in Britain in 2010 and draw substantial ad revenue

UK property sector losses loom

Nearly £80bn of commercial real estate debt could go sour in the next few years, threatening a new wave of losses for banks that lent on worst quality properties

Minerva moves to repulse Kirsh bid

The property developer has tried to shake off a hostile bid by South African investor Nathan Kirsh by saying its net asset value had surged to almost double the offer price

Candys seek rapid hearing over Qataris

Nick and Christian Candy, developers of apartments for the super-rich, asked the High Court for a ‘speedy trial’ to hear their claim for alleged breach of contract against the Qatari royal family

Shaftesbury sees 7% rise in portfolio value

The West End property owner reports a surprise increase in the value of its portfolio over the past six months owing to resurgence in demand for central London real estate

Lex: Dubai / Nakheel

For all Sheikh Mohammed bin Rashid Al Maktoum’s lofty disdain of global investors, he cannot afford to let his government ride roughshod over lenders

Unite to raise £150m

Unite Group is to raise £150m of new equity for its UK student accommodation fund to help with the expansion of its portfolio