UK Business News

British Land have confirmed the sale of a 50% stake in its City of London office complex Broadgate, to private equity group Blackstone for a reported £77million in cash. It has also off loaded half of the £1.9bn debt associated with Broadgate to Blackstone.
The much anticipated deal slashed the British Land debt and has opened [...]

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The UK’s Bovis Home Group have seen an increase in reservations for new homes in the first half of the year, but still see no signs of stability in the housing market.
Private reservations increased by 92% during the period up to June 2009 compared to the same period last year, but still amounts to just [...]

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