strbear Posted October 4, 2007 Share Posted October 4, 2007 Want to invest £675M and get 4.5% yield - no thought not and neither does anyone else http://www.ft.com/cms/s/0/c3ea726c-7290-11...00779fd2ac.html http://business.timesonline.co.uk/tol/busi...icle2590357.ece Its started . . . .. SB Quote Link to comment Share on other sites More sharing options...
Moo Posted October 4, 2007 Share Posted October 4, 2007 “Despite a range of investor interest, the uncertainty in financial markets has made the prospect of realising an appropriate value unlikely at the present time,” Ah, pure poetry, although "a few blokes showed up, kicked the tyres, and told us we were having a laugh" feels a little more honest. Quote Link to comment Share on other sites More sharing options...
aussieboy Posted October 4, 2007 Share Posted October 4, 2007 Want to invest £675M and get 4.5% yield - no thought not and neither does anyone elsehttp://www.ft.com/cms/s/0/c3ea726c-7290-11...00779fd2ac.html http://business.timesonline.co.uk/tol/busi...icle2590357.ece Its started . . . .. SB Prone to flooding, I've heard. Quote Link to comment Share on other sites More sharing options...
Guest Bart of Darkness Posted October 4, 2007 Share Posted October 4, 2007 British Land on Thursday became the latest victim of the credit squeeze, after it abandoned the attempted sale of a majority stake in Meadowhall, its £1.7bn shopping centre in Sheffield. Haven't been to Meadowhell since before the floods. Hate the place. I used to think that my personal idea of purgatory would be endlessly wandering around Meadowhell during a bank holiday. I can't believe that the sale has fallen through. Don't they know that Meadowhell is conveniently positioned for the Blackburn Meadows sewage works? Maybe the wind was blowing the wrong way that day? Quote Link to comment Share on other sites More sharing options...
A Fool & His Borrowed Money Posted October 4, 2007 Share Posted October 4, 2007 Prone to flooding, I've heard. Indeed, A Mate of mine was in there recently, he told me the sewage from the floods (still in the foundations) had permeated the Marble walkways inside. Quote Link to comment Share on other sites More sharing options...
aussieboy Posted October 4, 2007 Share Posted October 4, 2007 Indeed, A Mate of mine was in there recently, he told me the sewage from the floods (still in the foundations) had permeated the Marble walkways inside. I was there a couple of weeks ago looking for an Iggle Piggle. Half the shops were still closed and the place was very moribund. Sad, given how many people rely on the place for their living. Can't say I noticed any discoloration but then again I can't remember what it was like before. Even worse: there were no Iggle Piggles so I had to go to Toys R Us which isn't on the same site. Deep joy. Quote Link to comment Share on other sites More sharing options...
vfr Posted October 4, 2007 Share Posted October 4, 2007 (edited) Want to invest £675M and get 4.5% yield - no thought not and neither does anyone elsehttp://www.ft.com/cms/s/0/c3ea726c-7290-11...00779fd2ac.html http://business.timesonline.co.uk/tol/busi...icle2590357.ece Its started . . . .. SB British land have IMO continually over exposed themselves along with may I hasten to add Slough estates or segro as it's now known (it's amazing the number of t*ss*rs that have made money in recent years). Which I'm sure we will hear more of soon. edit spelling Edited October 4, 2007 by vfr Quote Link to comment Share on other sites More sharing options...
Jimmy2Times Posted October 4, 2007 Share Posted October 4, 2007 I was there a couple of weeks ago looking for an Iggle Piggle. Half the shops were still closed and the place was very moribund. Sad, given how many people rely on the place for their living. Can't say I noticed any discoloration but then again I can't remember what it was like before.Even worse: there were no Iggle Piggles so I had to go to Toys R Us which isn't on the same site. Deep joy. Did Toys R Us have any Iggle Piggles? Quote Link to comment Share on other sites More sharing options...
aussieboy Posted October 4, 2007 Share Posted October 4, 2007 Did Toys R Us have any Iggle Piggles? Yes - the small soft ones at 4.99. And Maka Paka and Upsi Daisey too. Frankly, the 35 quid talking Iggle Piggle was a bit freaky so the cheaper ones were the go. Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted November 11, 2007 Share Posted November 11, 2007 http://business.timesonline.co.uk/tol/busi...icle2846586.ece Meanwhile, British Land, also tipped as a bid target, is expected to sound a health warning on the outlook for the sector as it reveals this week that its flagship regional shopping centre in Sheffield has fallen in value by about £100m to £1.6 billion In an article on Land securities de-merging. Quote Link to comment Share on other sites More sharing options...
stonethecrows Posted November 11, 2007 Share Posted November 11, 2007 I was there a couple of weeks ago looking for an Iggle Piggle. Half the shops were still closed and the place was very moribund. Sad, given how many people rely on the place for their living. Can't say I noticed any discoloration but then again I can't remember what it was like before.Even worse: there were no Iggle Piggles so I had to go to Toys R Us which isn't on the same site. Deep joy. You should have stayed at home and shopped for your Iggle Piggle on ebay-I got one no probs (altho I think Mothercare online has them too but Id be quick)..I also got a Macca Pakka (sp?) and an Upsy Daisy no probs Back on topic-yes Meadowhell was a complete shitehole before the floods never mind now the sewage has worked into the fabric of the structure...oh deary me lol Quick PS-last time I was suffering amnesia sufficiently to go to Meadowhall on a shopping excursion (pah its anything but in there) we were nearly killed by some mountain bikes which decided to detach themselves from the back of the car they were on and bounce down our carriageway of the M1 on the way home Another good reason to hate Meadowhall I suppose Quote Link to comment Share on other sites More sharing options...
Jimmy2Times Posted November 11, 2007 Share Posted November 11, 2007 British land are deep in the brown stuff, they are taking a kicking from both commercial rents and the land values falling together, check out this graph. Shares are easy to off load property not so, expect land values to following this curve in the next 18 months. Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted November 11, 2007 Share Posted November 11, 2007 British land are deep in the brown stuff, they are taking a kicking from both commercial rents and the land values falling together, check out this graph. Shares are easy to off load property not so, expect land values to following this curve in the next 18 months. Does British Land have any large London offices in development ? Land Securities seem to be de-merging. Not sure I'd want to invest in a London office Reit. Quote Link to comment Share on other sites More sharing options...
Guest mSparks Posted November 11, 2007 Share Posted November 11, 2007 British land are deep in the brown stuff, they are taking a kicking from both commercial rents and the land values falling together, check out this graph. Shares are easy to off load property not so, expect land values to following this curve in the next 18 months. doubt it has anything todo with 'turmoil in credit markets' Savills, the property agent, has predicted prices of British commercial property could fall by up to 10 per cent over the coming months. 75/675 = 11% x 0.75 = ~8% 0.046*675 = 31m sounds more like common sense to me Quote Link to comment Share on other sites More sharing options...
Catch22 Posted November 11, 2007 Share Posted November 11, 2007 Funny thing is Paul Sykes who's brain child it was, was on the regional telly a week since , saying Britain's love affair with consumerism is madness. And as he has become a "tree hugger" albeit a fabulously rich one, now thinks in retrospect he was wrong to build it. Managementtoday.com Quote Link to comment Share on other sites More sharing options...
aussieboy Posted November 11, 2007 Share Posted November 11, 2007 You should have stayed at home and shopped for your Iggle Piggle on ebay-I got one no probs (altho I think Mothercare online has them too but Id be quick)..I also got a Macca Pakka (sp?) and an Upsy Daisy no probs Back on topic-yes Meadowhell was a complete shitehole before the floods never mind now the sewage has worked into the fabric of the structure...oh deary me lol Quick PS-last time I was suffering amnesia sufficiently to go to Meadowhall on a shopping excursion (pah its anything but in there) we were nearly killed by some mountain bikes which decided to detach themselves from the back of the car they were on and bounce down our carriageway of the M1 on the way home Another good reason to hate Meadowhall I suppose Too late now I'm back in Sydney... ITNG doesn't seem to have permeated down under. I wasn't keen on the Big IP as I say and I packed the three small toys plus a DVD to keep us going here. Looks like it's time to get into Humphrey B Bear... BTW the market here is lookng patchy. It took a bit of a fillip Q1-Q3 evidenced by a reduction in private treaty sales (the UK way) and a re-emergence of auctions, but the IR rise last weekend dented clearance rate almost to price reduction levels across Sydney (<60% is the magic number I think). Quote Link to comment Share on other sites More sharing options...
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