The British Retail Consortium’s latest survey of retail employment in the UK together with Bond Pearce shows that the number of retail premises in the UK has fallen for the first time since the record began in 2008. The 0.5% decline in the number of ... Read more
Great Capital Partnership, the joint venture between Great Portland Estates and Capital & Counties, has sold the Jermyn Street estate in SW1 to Great Portland. The price was £60m for the half that Great Portland does not already own, valuing the ... Read more
Hammerson on Monday reported 2.4% growth in like-for-like net rental income for the half-year to 30 June, at £141.6m, and said its EPRA net asset value per share had risen to £5.35 from £5.30 a year earlier. During the period the group sold 75% of ... Read more
Drew Watkins, associate director in DTZ’s Project and Building Consultancy team in Birmingham, says landlords, investors and occupiers need to act now in order to find out whether properties will meet new standards for energy efficiency. The ... Read more
Knight Frank says occupiers in the technology sector have doubled their take-up of office space in the City of London – the traditional home for London’s financial institutions. The firm has compared data for the first half of 2012 with 1H 2011 and ... Read more
Lloyds Banking Group and the Co-operative Group have today announced that they have finally signed heads of terms on the purchase by the Co-op of more than 600 Lloyds bank branches. Lloyds was required to sell off these assets by European regulators, ... Read more
Land Securities today said it was “pleased with progress” as it reported £9.3m of development lettings signed during the three months since the start of April, £5.8m of which were within its London portfolio and £3.5m across its retail properties. A ... Read more
There was a further marked deterioration in UK commercial development activity in June, says Savills in its latest update on the market. The firm’s Total Commercial Development Activity Index rose last month from the minus 13.8% reading in May, but ... Read more
The grocery outlet market is the exception to the retail rule at the moment, says CBRE, with the surge in grocery shop development activity showing no signs of slowing despite the uncertain economic environment. Grocery floorspace in the pipeline has ... Read more
The latest RICS Commercial Market survey, for the second quarter of 2012, shows that a growing number of retail landlords have been offering incentives in order to let their premises. Continued economic uncertainty is continuing to take its toll on ... Read more
