The outlook for commercial development activity has turned negative for the first time in 12 months, according to Savills, which has published its latest Commercial Development Activity report. The lack of funding for new projects and worries about ... Read more
More evidence has emerged of a slowdown in UK commercial property, as Jones Lang LaSalle says its Quarterly Index recorded a fall in all-property total returns to 3.6% for the second quarter, from 6.2% in the first quarter. Capital values grew ... Read more
Take-up and construction activity on the UK’s business parks during the first half of 2010 was the lowest in the 14-year history of GVA Grimley's Business Parks Review. The review, which monitors the supply and demand of office space on business ... Read more
After yesterday’s results from CSC, here’s some more shopping-centre news. Cushman & Wakefield says yields for prime assets in this sector improved to 5.5% over the second quarter this year, as investment demand has outstripped supply. Yields for ... Read more
Capital Shopping Centres today posted a 9% rise in NAV for the first half of the year, helped by a 6% increase in the value of its investment properties. Chairman Patrick Burgess said: “We are now looking to drive growth in net rental income from ... Read more
British Land today said it remained cautious about the near-term outlook as it reported a 2.2% increase in NAV to 515p per share for its first quarter, the three months to 30 June. The increase in the group’s portfolio valuation was just 1.4%, ... Read more
CB Richard Ellis says its latest Leeds Offices MarketView shows that the occupational market in the city remains fragile, but claims that higher activity levels indicate an improvement in occupier sentiment going into the second half of the ... Read more
British Land announced a major City offices deal this morning, finally reaching agreement on a transaction that has been the subject of speculation for several months. The property group, together with its joint venture partner Blackstone, has signed ... Read more
Listed property group Hammerson says the outlook remains uncertain. As the group today unveiled a 7% increase in adjusted pre-tax profit during the first half of 2010, chairman John Nelson said: “With an uncertain economic outlook we will focus on ... Read more
