Yields on retail warehouse property have been softening in a reflection of concerns about certain covenants and potential over-renting, says Knight Frank, but there is strong investment interest in good-quality leisure property, to the point where ... Read more
Cushman & Wakefield’s latest research, unveiled at MAPIC this week, shows that luxury retail property has been a pocket of growth in a largely subdued sector. Rental growth for space in top luxury shopping streets in Europe is up 4.5% in the year ... Read more
Manchester could soon be facing an undersupply of built Grade A office space, says GVA, if current office absorption rates continue. The firm’s latest research into the market for available office space in Manchester shows that the shortage of Grade ... Read more
DTZ says take-up of office space in the UK regional office market increased in Q3 to 930,000 sq ft, compared with the 10-year quarterly average of 1m sq ft. But the firm expects the full-year figure to be subdued at around 3.5m sq ft – the lowest ... Read more
Total returns from UK commercial property improved last month, reaching a ‘modest’ 0.4% according to the latest CBRE Monthly Index after September’s 0.2% return. Capital values at the All Property level also improved as the decline slowed down to ... Read more
Activity in the Central London offices market was subdued during the third quarter, says Jones Lang LaSalle, with 1.6m sq ft let across 88 transactions. Volumes were a third below the quarterly average and this was the lowest Q3 total since 2003. ... Read more
Concerns about the UK economy and the eurozone crisis have continued to affect UK shopping centre development activity, and the availability of debt funding for such schemes. Knight Frank, in its latest research into the sector, says development ... Read more
Jones Lang LaSalle’s UK Property Index for the third quarter shows total returns of 1.3% compared with 0.4% in the previous quarter. The firm notes this is the largest quarterly increase since Q4 2011, but points out that annual returns for 2012 so ... Read more
The Olympics delivered a one-off boost to the UK’s GDP in the third quarter this year, but the IPD says the recovery for the commercial property sector will be more of a marathon than a sprint. Phil Tily, IPD UK and Ireland managing director, says: ... Read more
Jones Lang LaSalle has highlighted in a recent report that the latest Bank of England quarterly lending figures show that UK bank exposure to property fell to its lowest since 2002 in the third quarter. The proportion of lending to property as a ... Read more
