Another deal has been struck to get a City skyscraper built – British Land has agreed heads of terms with Oxford Properties, the property arm of the Canadian OMERS fund group, to build the tower at Leadenhall in the City known as the Cheesegrater. ... Read more
More analysis today of the higher cost of the CRC Efficiency Scheme, as mentioned in Wednesday’s Spending Review. CBRE says the average participant in the scheme will now see a dramatic increase in costs, as the revenues from the sale of carbon ... Read more
It’s the day after the Spending Review and the analysis is beginning to emerge. The British Property Federation is among those noting that the forecast loss of 490,000 public-sector jobs will reduce demand for office space considerably in some areas. ... Read more
As the commercial property industry absorbs the detail of today’s Spending Review, we’re looking at the Commercial Development Activity Index from Savills, which shows that commercial development activity levels in September fell at the sharpest rate ... Read more
Land Securities has formed a partnership with Canary Wharf Group to go ahead with development of the so-called Walkie-Talkie tower at 20 Fenchurch St in the City of London. The Land Securities property, which is currently a cleared site with some ... Read more
Ahead of Wednesday’s news on the government’s Comprehensive Spending Review, The Telegraph today reports on the prospect for redevelopment opportunities in London from the government’s plan to increase the efficiency of its property portfolio. ... Read more
September was another month of modest capital growth, says IPD. Its UK Monthly Index recorded just 0.2% of capital growth for the month, taking the 12-month change to 14.2%. This growth, together with a 0.6% income return, delivered a monthly total ... Read more
The government is planning to set up a central property vehicle to own and manage its portfolio of office property in London and Bristol. PublicPropertyUK.com today says that the unit, to be launched in April, is seeking a private-sector partner, to ... Read more
The third quarter of 2010 was the quietest so far this year for West End office property, says GVA Grimley. The firm’s latest research into the occupier market for office space in central London says a total of 707,340 sq ft was let in the West End ... Read more
DTZ Research’s “Great Wall of Money” report says the total amount of capital available for investment in property around the world next year is 22% higher than at the time of its previous estimate of December 2009. But within this total sum, DTZ says ... Read more
