SBH Page & Read has let 82 London Industrial Park on Roding Road in Beckton, London E6. The 5,626 sq ft property has been let on a five-year lease to Marl Tech Limited at a headline rent of £45,300, or £8.05 per sq ft. NovaLoca has full ... Read more
Total returns from UK commercial property across all markets so far this year have reached 7.1%, with capital growth of 2.0%. For October, total returns were 0.6% (as in September) following another strong performance from Central London offices in ... Read more
Take-up of office space in UK regional markets this year appears likely to reach similar levels to 2010, says Jones Lang LaSalle. Its survey of the markets for available office space in Birmingham, Bristol, Cardiff, Edinburgh, Glasgow, Leeds, ... Read more
Land Securities today said it expected pressures in managing occupancy rates to continue, but noted encouraging levels of enquiries for its London developments and progress in pre-letting its retail developments. The group’s main customer base – ... Read more
Segro has reported “a good level of enquiries” for its portfolio despite the uncertain economic climate, and a further fall in its vacancy rate to 10.2% as of 30 September, compared with 11.4% at the end of June. The group says it secured £11.9m ... Read more
After announcing yesterday that bid approaches had indicated “minimal value” in its equity – an announcement that sent its share price plummeting – DTZ has today informed the market that its preferred bidder is UGL, the Australian property services ... Read more
“Beyond the South East, the retail market can be a very gloomy place”. So says Savills in its latest research into the shopping centre and high-street retail markets in the UK. It highlights that some retail investors are waiting to examine the ... Read more
DTZ’s Property Times updates for the third quarter examine several key regional UK cities, including Birmingham where the firm concludes that large corporate occupiers in the city are not rushing to make decisions. Sentiment is fragile and most ... Read more
The balance of supply and demand in the UK market for industrial property to let has begun to tilt in the favour of landlords for prime space, says Cushman & Wakefield in its latest report on the sector. It has found that a hardening of ... Read more
CBRE has issued updates on several key regional office markets. It says take-up of city-centre offices in Birmingham reached 169,183 sq ft in Q3, which was 7% more than in Q2 but down 27% from Q3 2010. The total of available office space has declined ... Read more
