Listed REIT New River Retail informed the London Stock Exchange this morning that it has agreed to buy a portfolio of four UK shopping centres from Zurich Assurance for £68m, which it says “represents an attractive net initial yield of 8.0%”. ... Read more
The word ‘expansion’ has resurfaced among corporate occupiers, says Jones Lang LaSalle, and activity is primed to increase across EMEA property markets. Vincent Lottefier, head of JLL’s corporate solutions EMEA team, says corporate cash balances are ... Read more
Why are prime yields so stable? Savills examines this question in its latest commercial property market overview, noting that the average prime yield across all sectors and locations remained at 5.64% this month. Have investors started to believe ... Read more
Capital & Counties today announced that its EC Properties unit is submitting planning applications for the vast £8bn redevelopment site at Earl's Court in London. The submissions for the Earls Court and West Kensington Opportunity Area, as it is ... Read more
The performance of Central London’s various submarkets for office space was varied in May, says CBRE in its latest monthly overview. While transactions jumped 24% year-on-year to 777,900 sq ft, there were falls in the City and South Bank but large ... Read more
CACI’s Retail Footprint 2011 report, released last week, says the shopping centres in Bexleyheath, Southport, Blackpool, Wigan and Maidstone are under the most pressure from the “squeezed middle” shoppers who are reining in spending amid the economic ... Read more
Knight Frank says its wide-ranging research into the prospects for European property markets this summer show that while most commercial property markets are stabilising or in recovery, with rental growth seen in several key areas, there has been ... Read more
Citing its recent research into the retail warehouse market, Savills says it may be a good time for owners of retail warehouse properties to consider making some selective sales, as investor demand is strong – not just for prime properties, but also ... Read more
British Land professed itself “delighted” at yesterday’s decision by the Culture Secretary Jeremy Hunt to reject proposals to list the Broadgate offices complex in the City of London. British Land and Blackstone want to demolish part of Broadgate’s ... Read more
The IPD monthly index for May shows modest capital growth of just 0.1%, but rental growth moved back onto positive ground during the month – albeit by just four basis points. Phil Tily, managing director for UK & Ireland, says that this shows ... Read more
