Capital Shopping Centres has confirmed that it is in advanced talks with Peel Group about buying the Trafford Centre near Manchester. If the deal is agreed, it would imply a £1.6bn purchase price for the shopping centre, which has 1.9m sq ft of ... Read more
Communities Secretary Eric Pickles has approved planning for Tithebarn, the Lend Lease mixed-use scheme in Preston. The £700m retail-led scheme had caused controversy and attracted opposition from competing towns in the area, but Mr Pickles endorsed ... Read more
Property consultancy H2SO says more than 4m sq ft of office space in the West End of London were converted for other uses between 2001 and 2009. This trend is unlikely to vanish in the medium term, it says, as there are further planning permissions ... Read more
CB Richard Ellis has reacted with dismay to the news that the government is to delay some elements of the Carbon Reduction Commitment scheme (CRC), after it announced a further period of consultation. The firm says that this will make it harder for ... Read more
Derwent London today echoed recent comments from British Land when it said that buying opportunities had risen marginally since the summer, and it expected this trend to continue “as certain banks become more active in reducing their property ... Read more
British Land yesterday reported a 4.2% increase in NAV to 525p per share for the half-year to end-September, and said it had seen a stabilisation in retail rental values with growth seen in the best retail locations. Rental growth continued in the ... Read more
New research from DTZ shows that Heathrow is one of the most expensive locations in Europe for logistics occupiers. The firm’s European Occupancy Costs Survey - Logistics 2010 says Heathrow logistics occupancy costs at €215 per sq m per year compare ... Read more
Some recent data has highlighted the slowdown in commercial property markets: IPD last week said its monthly index for October recorded just 0.1% capital growth, after virtually flat rental value growth (down just one basis point) offset by a slight ... Read more
The European Parliament finally passed a new financial directive yesterday, which is aimed at controlling risk-taking by hedge funds. However, it could also affect many property companies, despite the industry winning some key concessions, and some ... Read more
Two major listed property companies have issued results this week. Land Securities said its adjusted diluted NAV per share had risen 6.7% in the half-year to 30 September, to 737p, and said rental values had risen 1.1% across its portfolio during the ... Read more
