DTZ’s latest research on the market for available office space in Central London in Q1 2011 notes that the fall in take-up of newly built floorspace was sharpest, declining 40%, whereas the drop in take-up of second-hand office space was just 5% ... Read more
Segro today told investors that it had seen a good level of enquiries so far this year, with demand for lettings in its key markets building on the momentum in the second half of 2010. However, it cautioned in a trading update to the London Stock ... Read more
JLL says last year saw the return of the “off-plan” transaction in Bristol’s city centre, with Simply Health acquiring 53,000 sq ft at Redland House after the developer purchase of the building by Stoford, and with 25,000 sq ft under offer at Crest’s ... Read more
CBRE says take-up across Central London weakened sharply during Q1 2011 to 2.3m sq ft, the lowest level since the first half of 2009, after an exceptionally strong 2010. More than three-quarters of the Q1 take-up was secondhand space, it notes. ... Read more
A round-up of news for you before the Easter break. Development Securities announced to the London Stock Exchange this morning that it has bought the London Gate business park in Hayes, together with property developer Cathedral Group. The 18-acre ... Read more
The UK market for logistics property is recovering, says DTZ, with a 19% increase in take-up during 2010. DTZ’s recent European report on the sector says most logistics markets in the region will deliver rental growth in 2012 at the earliest, but ... Read more
The market for available office space to rent in the Western Corridor region (which includes West London and the Thames Valley) has made a positive start to 2011, with more than 393,000 sq ft of office space let in the first quarter, says Jones Lang ... Read more
Four former Knight Frank agents are setting up a new agency to specialise in niche retail and restaurant leasing in London and the rest of the UK. Nigel Gillingham, Tracey Pollard and Woody Bruce, together with Rupert Bentley Smith, left Knight Frank ... Read more
Savills’ director of commercial research, Mat Oakley, says rental growth in the UK commercial property market is expected to be “relatively volatile” in coming months. Reacting to last week’s IPD figures for March, BDO quotes Mr. Oakley as saying ... Read more
IPD’s UK Monthly Index for March was again mixed, with All Property capital growth at 0.3% but rental growth ending after four consecutive months, coming in at –0.1% for the month. Within the overall figure for rents, the rental market for office ... Read more
