The increase in business rates that came into force on Friday (1 April) may be a decisive factor in occupiers relocating from London’s W1 area, warns CB Richard Ellis. The increase equates to an extra £6 per sq ft per year for occupiers in Mayfair ... Read more
The market for industrial and distribution property in the UK is likely to remain difficult for the next one or two quarters, according to new research from Capita Symonds, but the second half of 2011 should see confidence strengthening and growth ... Read more
Occupiers in the retail sector drove the recover in take-up of logistics space during the final quarter of 2010, says Gerald Eve in its latest bulletin on the prime logistics market. Total logistics take-up was around 10m sq ft in Q4 2010, which the ... Read more
The great and good of the property world were at the Dorchester Hotel yesterday for the annual lunch hosted by Heron International, at which chief executive Gerald Ronson said he thought the market was about a third of the way through the current ... Read more
The UK Green Building Council has today called for energy efficiency ratings to be mandatory for all commercial buildings in a drive to cut costs, encourage refurbishment and improve efficiency. The council says ratings on an A to G scale should be ... Read more
The vacancy rate for office space in London's West End fell to 5.4% in the latest quarter from 5.9% in the previous three months, says Cluttons – the lowest level since January 2009. In some parts of the West End, such as Soho, the shortage of stock ... Read more
Hammerson has changed the plans for its Bishops Place development on Shoreditch High Street in London, reports the Telegraph, and now wants to develop a 591,000 sq ft office building on the site that will have some of the largest floorplans in the ... Read more
We at NovaLoca are looking forward to joining Hindwoods tonight as they celebrate their rebranding on HMS Belfast. A nice choice of venue! We hope the weather holds out and perhaps we’ll see you there! ... Read more
Following yesterday’s Budget, much of the initial analysis by the commercial property industry focuses on planning reforms. Philip Atkins, executive director of Planning at CBRE, says anything that removes delay and reduces uncertainty “must be ... Read more
Banks are still only lending in limited amounts to the UK’s property sector, says Jones Lang LaSalle. The firm’s 2001 Lenders' Expectations report shows that although more respondents this year were prepared to lend between £50m and £100m, fewer than ... Read more
