Commercial Property Contractors Feel the Crunch
Bovis Lend Lease is understood to have put up to 200 staff on notice of redundancy as the impact of the drop in commercial work bites the construction firm.
Sources close to the firm stressed that the move was part of a legal process and did not necessarily mean that that number of staff would lose their jobs; however, the move is evidence that the global financial turmoil is starting to hit major contractors.
Quote: credit crunch, darth vader, global financial turmoil, notice of redundancy, queen victoria streetCommercial Property Can Provide Stable, Assured and Measured Growth.
Commercial property can provide stable, assured and measured growth as part of a balanced portfolio. Unlike residential property, the dividends from commercial property would be usually quite high, as it is meant for commercial purpose. There are a lot of benefits in investing in commercial property.
The benefits of a commercial property:
Quote: asset class, balanced portfolio, best of both worlds, portfolio diversification, stock market investmentsProperty Development at its Best in Bangalore
India has secured 5th position as the most attractive destination for realty investments in coming times in a recent report by FCCI and Ernst & Young. The real estate sector is witnessing an unparalleled boom today despite the hit by recession for one-and-a-half years. Even as property market of smaller cities is undergoing massive developments, big cities continue to be among the most preferred investment centers. Property in Bangalore is one such example that has been flourishing in full swing even as tier-II & III cities attract realty developers from across the country.
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