Prime headline rents for office space in Edinburgh city centre are set to come under pressure to rise towards the end of 2012, according to the latest research from Savills. A growing shortage of supply is forecast to push current rental levels up ... Read more
Glenny LLP and National Grid Property Holdings have announced the letting of a 76,000 sq ft industrial unit in Dartford. Unit D at Littlebrook Business Centre, a warehouse facility located by the QEII Bridge, has been let to road haulage firm MJD ... Read more
The IPD’s latest Monthly Index for UK commercial property paints “a fairly sombre picture” for the start of the year, the IPD says, but it notes that there are some areas for optimism. The IPD UK Monthly Index for January showed capital values ... Read more
Savills says UK commercial property developers have become positive about the future, for the first time in eight months. The firm’s commercial development activity index for January recorded a positive sentiment reading of +1.2%, a sharp improvement ... Read more
The availability of debt will be a crucial factor for commercial property markets across Europe this year, and a recent major PricewaterhouseCoopers report shows that most lenders expect financing to become even harder to obtain in 2012 than it was ... Read more
Helical Bar today updated the market on its current trading, saying that it had continued to add to its portfolio with £90m of acquisitions completed since September 2011. These include land and buildings in Corby for £70m. The group has also bought ... Read more
The performance of UK commercial property last month was slightly weaker than the solid finish seen to 2011, says CBRE. The firm’s Monthly Index for January shows total returns on UK commercial property of 0.3%, down from the 0.5% recorded in ... Read more
British Land says the 0.3% increase in its NAV during the past quarter to 593p and 6.3% growth in underlying pre-tax profit to £68m reflect the resilience of its business in a tougher economic environment. But in the near term, given the unresolved ... Read more
“Overall, the number of high-profile casualties both before and after Christmas has not been a surprise. It is now time for landlords to pick up the pieces and examine the prospects for newly vacant units,” said DTZ in its recent comments on the ... Read more
St Modwen Properties today reported full-year results showing a 34% increase in pre-tax profits to £50.4m and 9% growth in NAV. The company issued an upbeat outlook for this year, saying that it had a secure development programme in place with ... Read more
