Looking at retailers’ recent trading results, Savills says “Christmas 2011 leaves a market place for 2012 where sentiment continues to be very fragile”. It feels that occupiers and owners of high-street shops “will need to tread very carefully in ... Read more
Development of the new 700,000 sq ft Broadgate office property in the City of London will now get under way, after British Land and Blackstone satisfied the remaining outstanding conditions on their pre-let agreement with UBS for the bank’s new HQ at ... Read more
Some helpful advice for landlords of vacant commercial property this week, from DTZ. With the number of vacant properties on the rise amid the economic downturn, the firm has taken a look at how to reduce the risks associated with an empty commercial ... Read more
Prime retail occupier markets deteriorated during the final quarter of 2011, says CBRE, but there was no downturn at the headline All Property level, as industrial and office markets continued to improve. The firm’s UK Prime Rent and Yield Monitor ... Read more
The prices being asked for office space in Central London have peaked, says Lambert Smith Hampton, and we are in for a period of consolidation. The firm’s quarterly research into UK Investment Transactions shows that for the fourth quarter of 2011, ... Read more
Colliers International today announced to the London Stock Exchange that its major shareholder FirstService Corporation had made an approach that may, or may not, lead to an offer being made for the company. “There can be no certainty that these ... Read more
Land Securities today reported that the proportion of units in administration in its like-for-like portfolio had reached 1.0% as of 20 January. The figure for the end of December (the end of its third quarter) had already edged up to 0.6%, from 0.4% ... Read more
Bowyer Bryce has announced that a five-year lease has been agreed on 1,575 sq ft of office space in Hitchin on behalf of a private landlord. The offices at Manor Court, 26 Bancroft in the town have been let to Compliancy Services UK LLP at an annual ... Read more
Savills is encouraged by the current availability of office space in most UK cities, which it says continued to fall during 2011. The overall UK vacancy rate has declined to 9.4% from a peak of 15.3% in 2009, it notes in its Winter 2011 Office ... Read more
Take-up of office space last year in the Thames Valley region was flat year-on-year, says Lambert Smith Hampton. The firm’s data shows that take-up for 2011 was 1.7m sq ft, the same as for 2010, against a backdrop of economic downturn. In the ... Read more
