British Land pleased investors this morning with stronger than expected results for the year to March 31. It said NAV had risen 27% to 504p and its portfolio valuation had grown 13.5% over the year. The group is considering restarting work on its ... Read more
It is not clear where the drivers of office space take-up will come from in the UK’s regional office markets this year, says Jones Lang LaSalle. Insurance, recruitment and media companies have been the most active sectors in the regional office ... Read more
It’s Friday, so it must be time for a dose of caution. As the Euro and banking shares take fright at the prospect of the Greek crisis spreading elsewhere, MoneyWeek says it is wary of piling back into commercial property despite what DTZ and Knight ... Read more
The UK has recently dominated the investment market in the industrial sector, and CB Richard Ellis clearly sees this as a key service area – it has completed its takeover of industrial property advisory specialists M3. M3, which was founded in ... Read more
DTZ says the worst of the commercial property slump is over and expects to see a return to growth in invested stock value this year, up 5% globally and up 8% for the UK as capital values continue to recover. The group’s global Money into Property ... Read more
Knight Frank says the market for office space in South East England may still be undervalued, as the UK pricing recovery that started last year has not happened at the same pace in this region as elsewhere in the country. The group’s annual M25 ... Read more
The market for office space in Central London again performed more strongly than other commercial property sectors during April, said CB Richard Ellis as it unveiled its Monthly Index report last week as voters went to the polls. The All Property ... Read more
With uncertainty the main result from yesterday’s General Election, some City analysts are warning Building that a hung parliament implies that recovery in the construction sector will be delayed. However, Paul Griffiths, head of investment at BNP ... Read more
The latest survey by the Chartered Institute of Purchasing and Supply suggests that the construction industry is experiencing strong growth – with activity in the commercial and residential sectors gathering pace while public-sector development ... Read more
There was a jump in the number of professional negligence claims brought against surveyors and estate agents last year, says law firm Reynolds Porter Chamberlain. This suggests that claims relating to property values are now reaching the courts, as ... Read more
