RBS’s West Register and Invesco to wind up £207m listed trust

Fund manager Invesco Real Estate and West Register – the property management company within Royal Bank of Scotland – today said that they had agreed to liquidate a heavily indebted listed property company before 2014. The Invesco Property Income Trust has £207m of assets in the UK and Europe, and £201m of debt provided by RBS. Attempts to reduce the trust’s loan to value ratio and put the company back on a stable footing have failed, and now the debt has been extended to 2014 to allow Read more [...]

Full-Floor Short Sale in Uptown Listed for $90K Below ’06 Price

Click here to view the full photogallery. Check out this snappy dresser. It's a three-bedroom, 2.5-bath that takes up a full floor in a vintage high-rise, just steps from Montrose Harbor. It's located on the building's fifth floor. (We know this because there are a couple dozen 5s of varying size and type face greeting you when you exit the elevator.) The place looks clean and bright and well put together, with a coherent design scheme. The unit last sold in 2006 for $690,000, and it came back Read more [...]

Summit on listed building attacks

15 August 2011 Last updated at 15:23 GMT Herdman's Mill was empty went it went on fire in July A special summit on heritage crime has been held by the environment minister. It follows recent fires that damaged historical buildings across Northern Ireland. Alex Attwood called the summit in July after part of Herdman's Mill in Sion Mills, County Tyrone, was destroyed by a fire. Read more [...]

Rightmove: Asking prices down for second month in a row

by Kay Mitchell Property website, Rightmove, has today reported a drop in asking prices for the month of August – the second consecutive monthly fall. According to Rightmove, asking prices for residential property in England and Wales fell by 2.1% this month after a 1.6% decline in July. The property website, which claims to advertise 90% of the properties on the market, Read more [...]

Upcoming Tech and Media Events …

Life is too short to stay in the office all day, which is why we’ve listed some interesting international events to get yourself out there! For each event we’ve arranged a special discount. Only the hottest events make it, so make sure you visit TNW Events whenever you’re looking for one or before you’re about to book one. We’re currently working behind the scenes of the third edition of Kings of Code! September 19th 2011, 400 developers will gather in Amsterdam to explore and discuss Read more [...]

UQ listed in top group for new global ranking system

The University of Queensland has cracked the top 100 for the first time in the prestigious 2011 Academic Rankings of World Universities announced today. UQ was ranked one of the top three universities in the country, moving up to a world ranking of 86 from a previous ranking in the 101-150 band.The University of Queensland joins the University of Geneva (73rd) and the University of Frankfurt (100) in being ranked in ARWU'S top 100 universities for the first time.UQ Vice-Chancellor Professor Paul Read more [...]

Fire sales are crippling metro Detroit communities, leaders say

Second of three parts Interactive map: Fannie Mae, Freddie Mac metro Detroit foreclosures sales compared to market value | How metro Detroit homeowners can get help | Real estate brokers just want to move homes | Who are Fannie Mae, Freddie Mac?Fannie Mae and Freddie Mac are selling hundreds -- perhaps thousands -- of foreclosed properties in metro Detroit for far less than they appear to be worth, a practice that local leaders say is driving down property values and weakening neighborhoods.In Read more [...]