The government has appointed Savills and Jones Lang LaSalle as its advisers as it sets up property vehicles to cut millions of pounds of costs from the running of the public-sector property portfolio. Property Week reported yesterday that Deloitte ... Read more
Knight Frank, which today held its annual Central London Office Market Breakfast, cites a “severe imbalance” between supply and demand for high-quality office space, and growth in market sectors such as technology, media, telecoms and financial ... Read more
JLL’s latest research on trends in the office occupier market shows that at 3.3m sq ft, take-up of office floorspace in the UK during Q4 2010 was the best quarter of last year, and the highest level achieved since Q2 2007. The strong final quarter ... Read more
Savills says rents for available office property in the City of London will “kick up” to £65 per sq ft by 2012, with rents for West End offices set to rise to £111 per sq ft. At its annual client presentation in conjunction with Oriel Securities in ... Read more
Great Portland Estates today said it expected “supportive” conditions to persist throughout 2011, after issuing an update on its progress during the final quarter of 2010. It said it had seen a pick-up in leasing activity in its central London ... Read more
Lambert Smith Hampton says investors in commercial property are expected to turn their attention to prime real estate beyond the confines of central London this year. In its UK Investment Transactions (UKIT) Quarterly Bulletin for Q4 2010, the ... Read more
CBRE has published research further highlighting the strength of the office and retail markets in central London compared with weakness seen elsewhere. With concerns about consumer confidence persisting, it is no surprise that high-street shops ... Read more
Demand from banks and other financial services companies for office space in London has rebounded, according to figures out from Knight Frank, which says the take-up of office space in central London by the financial sector jumped to 6.4m sq ft last ... Read more
Savills says this year will remain challenging for the offices market in some UK cities, but expects rents to remain underpinned by the modest development pipeline. Take-up in most UK cities was muted in 2010, apart from London and Manchester, the ... Read more
Land Securities, which this week began work on the Walkie-Talkie office tower in the City in a joint venture with Canary Wharf Group, yesterday announced that it expects a wider range of buying opportunities this year – although bidding may remain ... Read more
