Bowyer Bryce has announced the letting of the 16,600 sq ft industrial unit in Welwyn Garden City at One Bessemer Park to John Jones Ltd on a 10-year lease. The deal, done by joint agents Leighton Goldhill, is for an annual rent of £100,000 with a ... Read more
We are about to enter an exceptional period of opportunity for buyers of secondary property, says GVA. In its recently published guide to secondary property, the firm says pricing is becoming more realistic as vendors and advisers “are slowly and ... Read more
Savills reports that UK commercial property development activity fell in all nine monitored sectors in August. The firm also says the decline in activity was the fastest since December 2011. The construction PMI data for August had signalled only a ... Read more
UK property has underperformed equities and Gilts so far this year, as a result of its capital declines, says the IPD. Property returned 1.6% in the eight months since the beginning of 2012 compared with 7.0% for equities and 5.2% from Gilts. But ... Read more
The BCSC this week held its annual conference and exhibition in Liverpool. Among the many events was a meeting with the Local Government Association to launch a new relationship aimed at exploring new opportunities to stimulate investment in the UK’s ... Read more
Next year is forecast to bring an upturn in UK shopping centre development, says Cushman & Wakefield, with nearly 175,000 sq m of new shopping centre space in the pipeline for 2013. The development pipeline has ground to a halt this year amid ... Read more
Capital values for UK commercial property dipped by 0.3% in August, says CBRE, with total returns mirroring July’s performance at 0.2%. The firm’s latest Monthly Index shows that Central London property markets have continued to lead the way with ... Read more
Hammerson has exchanged contracts to acquire the Victoria Quarter in Leeds for £136m to complement its plans for the first phase of the Eastgate Quarters scheme. This development is next to the Victoria Quarter, and the company says this purchase ... Read more
CBRE has acquired the highly regarded property investment company Franc Warwick. The team at Franc Warwick, led by Franco Sidoli, will be integrated into CBRE’s capital markets group and will have a particular focus on investment transactions, ... Read more
The uncertainty about future growth and stability is “clearly weighing on the minds of occupiers, developers and investors,” says Cushman & Wakefield in its latest property market research, noting that yields have continued to drift outwards in ... Read more
