For an investor, the declining value of an asset due to obsolescence is a key concern. In response to a request from the British Council for Offices’ investor committee, Lambert Smith Hampton and IPD have carried out a study into the issue of office ... Read more
There was a slight improvement overall in UK commercial property performance last month, says CBRE, whose Monthly Index shows a 0.5% fall in values during June after a 0.6% decline in May. This has helped to flatten the overall total return figure in ... Read more
Lambert Smith Hampton says that the stable levels of offices take-up in the Thames Valley region during 2010 and 2011 may be surprising to some, given the negative macroeconomic environment. But they reflect the main driver of demand – occupier lease ... Read more
RICS has launched a new small business retail lease in an attempt to “inject fresh life into the British high street”. The lease, unveiled on 4 July to coincide with “Independents’ Day”, a celebration of independent retailing in the UK, has been ... Read more
Buyers of commercial property for sale in the City of London in recent months have generally been focused on value-added investments, says Savills. The firm has noted a sharp increase in turnover during May, with total completions of £1.36bn in City ... Read more
At the AGM of Great Portland Estates today, chairman Martin Scicluna is to tell shareholders that the company has had a record leasing year, with more than £25m of annual rent secured at levels well ahead of valuers’ ERV, including almost £17m ... Read more
Lambert Smith Hampton says occupiers in multi-storey office buildings could benefit from a recent court ruling on rating assessments. The decision, made in relation to Tower Bridge House in London, “has opened up the opportunity to merge rating ... Read more
Central London retail property will continue to outperform the rest of the UK this year, says Savills. An Olympics-related bounce in spending is possible in the capital, but the outlook for the rest of the year remains mixed – nevertheless, “Central ... Read more
Ahead of the inauguration on Thursday of The Shard, speculation is building as to the identity of the first tenant of the available office space in this, the newest and tallest building in London. The Telegraph has quoted Irvine Sellar, chairman of ... Read more
Bowyer Bryce has let premises at The Glover Centre in Hitchin to Care Rooms Ltd on a seven-year lease at £15,000 per year. The let property comprises 2,200 sq ft, forming part of the ground floor of the property, which was previously used as a ... Read more
