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
The Telegraph today highlights research being conducted by the British Council of Shopping Centres that has led the industry body to call for a revaluation of the UK’s shopping centres in the current difficult economic conditions. A working group ... Read more
In another indicator of rising confidence in the capital, the Drivers Jonas Deloitte Crane Survey has recorded 25 new schemes in London offices construction projects, with a total of 6.4m sq ft now under construction compared with an all-teim low of ... Read more
DTZ’s latest research on the market for available office space in Central London in Q1 2011 notes that the fall in take-up of newly built floorspace was sharpest, declining 40%, whereas the drop in take-up of second-hand office space was just 5% ... Read more
Segro today told investors that it had seen a good level of enquiries so far this year, with demand for lettings in its key markets building on the momentum in the second half of 2010. However, it cautioned in a trading update to the London Stock ... Read more
JLL says last year saw the return of the “off-plan” transaction in Bristol’s city centre, with Simply Health acquiring 53,000 sq ft at Redland House after the developer purchase of the building by Stoford, and with 25,000 sq ft under offer at Crest’s ... Read more
CBRE says take-up across Central London weakened sharply during Q1 2011 to 2.3m sq ft, the lowest level since the first half of 2009, after an exceptionally strong 2010. More than three-quarters of the Q1 take-up was secondhand space, it notes. ... Read more
