Tag Archives: commercial
London Property Boom ‘Unsustainable’
Manager of UK Commercial Property trust says no immediate drop in rental prices predicted but reasons for growth must be considered By Aimee Steen | Published May 01, 2013 Continued growth in London property prices and rents cannot continue indefinitely and the fundamentals should be looked at, according to an investment manager. Speaking at an AIC press roundtable on property, Robert Boag, manager of Ignis’ UK Commercial Property investment trust, said the reasons for central London growth have to be balanced with long-term growth potential. “I am not forecasting that central London is going to drop like a stone, but you have to look at the components of that return, what is driving it,” he said. Rental yields can be quite volatile, Mr Boag added, which find managers have to consider when purchasing commercial property. “You have to be in and out of that cycle if you want to keep returns coming through,” he said. Mr Boag added that while central London remains popular, he is seeing some investment interest elsewhere. “We are seeing very tentative signs of investors looking for a bit higher returns out in the regions, it is still a very difficult market to find value and get true value.” Much focus on UK property growth has focused on an increase in London property prices and rental yields despite the rest of the UK struggling or stagnating. Marcus Phayre-Mudge, manager of the F&C TR Property investment trust, said he is very bullish on UK property returns, particularly due to particular trends. “The past two quarters in west London have been primarily driven by TMT,” he said. “This is the young, intelligent, well-educated workforce globally that wants to come to London. We make more animation in Soho than they do in LA, this is where it is all happening.” Gaining access to units in London is, however, posing challenges, he added, with some areas seeing very little turnover. “You have got to be able to get hold of the estate,” he said. “If you want to go out and start buying it now, it is extremely difficult. You almost have to already own it.” Continue reading
Boeing, USDA, FAA Extend Aviation Biofuels Program
Environmental Leader – April 16, 2013 The USDA has extended for five years its agreement to work with the FAA and commercial aviation partners, including Boeing and industry trade group Airlines for America, to help develop a viable biofuel for the aviation industry. The new agreement follows the 2010-2012 Farm to Fly initiative, a collaboration between USDA, Airlines for America and Boeing that builds upon the work of USDA’s Regional Biomass Research Centers, which are working with industry partners to produce energy-producing feedstocks within different regions of the US. The renewed agreement focuses on future goals: designating personnel, evaluating current and potential feedstock types and systems, developing multiple feedstock supply chains, developing state and local public-private teams, communicating results, and issuing periodic reports. In October, 2010 USDA and the FAA jointly announced a three-year agreement to develop aviation fuel from forest and crop residues and other “green” feedstocks in order to reduce dependence on foreign oil. Under this partnership, the agencies have combined their experience in research, policy analysis and air transportation to explore the different kinds of feedstocks that could be processed by bio-refineries to produce jet fuels. The federal government and its partners hope to support the annual production of 1 billion gallons of drop in aviation biofuel by 2018, USDA says. Earlier this week, biofuels manufacturer Joule announced it has converted waste CO2 into gasoline and jet fuel components. The company says this technology will allow it to expand its Sunflow product line — which uses solar energy to convert industrial waste CO2 into fuels — and help address global demand for hydrocarbon fuel replacements. United Airlines this month announced a host of fuel-savings initiatives, including using biofuels, intended to help the company reach its goal to save 85 million gallons of fuel in 2013. In 2011, United operated the first US passenger biofuel flight powered with a mixture of renewable algae-derived jet fuel and conventional jet fuel, and has signed letters of intent to negotiate the purchase of more than 50 million gallons of sustainable biofuels. Last summer, United Airlines joined the Sustainable Aviation Fuel Users Group , an industry working group that aims to accelerate the development and commercialization of aviation biofuels. The group’s members, including AirFrance, British Airways and Boeing, represent around 32 percent of commercial aviation fuel demand, United says. Continue reading
Westchester Commercial Real Estate For Sale
Multi-Fam Building, Fully Renovated Units, 10% Cap. $104k Net Income. Best Deal in Westchester Commercial Real Estate. Fully Occupied. Offered by Tony Mazzul… Continue reading
