Land Securities pleased the stock market yesterday with strong full-year results and a confident outlook. NAV per share was up 18% year-on-year to 885p at the end of March 2011 while pre-tax profits were 14.8% higher at £1,227.3m. The group said its ... Read more
As the market buzzes with reports that King Sturge and Jones Lang LaSalle are in merger talks, today we take a look at King Sturge’s latest research into the offices sector. Its survey of occupier trends across the UK during the first quarter of 2011 ... Read more
As the market digests the Ernst & Young Item Club’s gloomy predictions this week for UK retailers, Capital Shopping Centres today said it expected the rest of 2011 to remain tough. However, the listed shopping mall specialist said trading had ... Read more
British Land this morning announced the first pre-let for its Leadenhall Building joint venture with Oxford Properties – the so-called “Cheesegrater”. The insurer Aon has agreed non-binding heads of terms to take ten floors of offices totalling ... Read more
Savills says, in recent research into the UK shopping centre and high street retail sector, that there is now evidence of the previously forecast widening yield gap between primary and secondary assets in this market. Savills expects that “both the ... Read more
Speculation has been rife since DTZ informed the London Stock Exchange yesterday that it had received a number of approaches for investment in its shares, including a possible offer for the whole company. The Telegraph today says French family-run ... Read more
The numerous bank holidays in April led to a slowdown in the performance of commercial property markets last month as some transactions were put on hold, says CB Richard Ellis. The firm’s Monthly Index for April shows a capital gain for all property ... Read more
Knight Frank says the Thames Valley is leading the recovery in the market for available office space in South East England, and the ICT sector is driving this growth. At the firm’s M25 Office Market Research breakfast at the Dorchester in London this ... Read more
Great Portland Estates has announced the pre-letting of all the offices portion of its refurbishment scheme at 160 Great Portland Street, W1 to Double Negative, a company that specialises in visual effects for the film industry. GPE says it will ... Read more
Property Week reports today that the City of London is poised to employ little-used powers to enable the 20 Fenchurch St development – known as the “Walkie-Talkie tower” – to go ahead. It says the City’s planning officer has produced a report calling ... Read more
