Commercial property values fell 0.3% in February, says the IPD, which notes weakening occupier demand and sluggish growth in regional areas. Total returns were 0.3% for the month. This is the four consecutive month of declines in values in the IPD’s ... Read more
Take-up of office space in the centre of Bristol and in the Clifton area last year was 22% below the five-year average, at 425,289 sq ft, says Jones Lang LaSalle. The stock of available office space in Bristol centre remains at around 16.5m sq ft, ... Read more
The performance of commercial property markets in the UK dipped slightly in February, with total returns at the All Property level of 0.1%, says CBRE. The firm’s latest Monthly Index shows capital values fell by 0.4% overall last month. The index ... Read more
More and more property companies that subscribe to NovaLoca.com are switching to data feeds, which enable them to send all their data on their available properties for sale and to let by electronic means, making it much easier for them to keep their ... Read more
DTZ, which last week named John Forrester as its chief executive in the EMEA region, has poached Strutt & Parker partner James Renison to head its South East office agency, says Property Week. Mr. Renison has been appointed to replace Richard ... Read more
Headline rental levels for prime office space in Aberdeen hit a record of £31.50 per sq ft last year and could reach £34 per sq ft by the end of 2012 as occupier demand remains strong and the shortage of Grade A space is still acute, says Knight ... Read more
The technology, media and telecoms (TMT) sector accounted for 20% of take-up of office space in Central London last year, Savills notes. The last time TMT was this prominent in terms of take-up was just before the dotcom crash of 2000, but the firm ... Read more
Bowyer Bryce has let Unit 26 on the Great Cambridge Industrial Estate in Enfield to Medlock Electrical Distributors at a rent of £35,120 per year subject to an outstanding rent review from March 2010. The single-storey industrial unit comprises 3,353 ... Read more
The single biggest threat to the recovery of the European commercial property market is the inability of investors to obtain fresh debt, according to CBRE’s survey of more than 340 leading property investors. The firm’s latest Real Estate Investor ... Read more
As meetings get under way for the second day of MIPIM, the market for retail property for sale and to let across Europe is in focus this morning. Jones Lang LaSalle has published a list of the top ten cross-border retail destinations in Europe, ... Read more
