DTZ says that the property investment market in the UK is now clearly in recovery, with invested stock increasing by 1% last year and forecast to grow a further 4% in 2011. The firm’s Money into Property 2011 report says that this recovery is, ... Read more
JLL says it may feel as though the offices market in the City of London took a small step backwards at the start of this year, after such a strong final quarter of 2010. But leasing activity has merely returned to average levels, it says. The firm ... Read more
Investors heard more confident remarks from a listed property company yesterday, as London-focused Great Portland Estates announced a 15.5% increase in its portfolio valuation for the year to 31 March. This follows upbeat comments from British Land ... Read more
The UK’s consumers are still shopping and “good businesses are looking to grow,” said British Land chairman Chris Gibson-Smith yesterday, despite the “age of austerity” currently underway, as the group reported 6.9% growth in its portfolio to £9.6bn ... Read more
Investors in UK commercial property are taking positions now, in order to put themselves in the best situation for the future given the current uncertain economic climate. So says The Property Archive, which has released research showing that UK ... Read more
The lack of quality office space available in London’s West End drove transaction activity in this area sharply downwards during the first quarter of this year, to just £228m – a level not seen since Q1 2004, says Lambert Smith Hampton in recent ... Read more
Land Securities pleased the stock market yesterday with strong full-year results and a confident outlook. NAV per share was up 18% year-on-year to 885p at the end of March 2011 while pre-tax profits were 14.8% higher at £1,227.3m. The group said its ... Read more
As the market buzzes with reports that King Sturge and Jones Lang LaSalle are in merger talks, today we take a look at King Sturge’s latest research into the offices sector. Its survey of occupier trends across the UK during the first quarter of 2011 ... Read more
As the market digests the Ernst & Young Item Club’s gloomy predictions this week for UK retailers, Capital Shopping Centres today said it expected the rest of 2011 to remain tough. However, the listed shopping mall specialist said trading had ... Read more
British Land this morning announced the first pre-let for its Leadenhall Building joint venture with Oxford Properties – the so-called “Cheesegrater”. The insurer Aon has agreed non-binding heads of terms to take ten floors of offices totalling ... Read more
