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Ben Cardew

Chancellor stalls on REIT legislation

Chancellor Gordon Brown today ruled out any legislation on the introduction of real estate investment trusts (REITs) in the UK in 2005.

Government announces updated business rates package

The government today revealed the final details of its business rates revaluation package, due to come into effect on 1 April 2005, including an extension of the eligibility criteria for the small business rate relief scheme.

Savills expands in Japan

Savills has continued its expansion into Asia with the purchase of the third-party property and asset management business of GMAC Commercial Mortgage Japan, part of General Motors.

Warner NAV climbs 11%

Warner Estate today revealed an 11% rise in net asset value to 553p in its interim results.