While most people are winding down ahead of a few days’ holiday over the next week or so, the property industry’s dealmakers show no sign of slowing down. Among the various developments in the headlines there is the prospect of a truly enormous ... Read more
Don’t worry, it’s not Christmas Eve yet, but as the consumption (shopping, wrapping and mince-pie eating) reaches a peak today, here’s some food for thought from JLL. “We need a new vision and a new whole-life framework for both measuring the carbon ... Read more
The City tower known as the Cheesegrater is to be built by British Land and Oxford Properties, who have signed contracts to form a joint venture for the development. The 610,000 sq ft building at 122 Leadenhall Street, EC3, has been designed by ... Read more
The strong competition for prime retail property is driving up investors’ interest in good secondary retail assets, says DTZ. Property Week today reports that the firm found institutional investors accounted for 71% of all retail warehouse deals and ... Read more
JP Morgan committed itself to London this morning as it confirmed it would buy the 1m sq ft building in London’s Canary Wharf previously used by Lehman Brothers, in a £495m deal to create its European investment banking headquarters. The bank’s ... Read more
Colliers International is forecasting a total return of 14.7% for All Property in 2010, driven by a 60bp inward yield shift and a return to positive rental growth for the Central London offices sector. But next year it thinks the outlook is somewhat ... Read more
Following this week's news that the government is to cut the business rates exemption for empty small business properties, Richard Wackett, head of rating at Lambert Smith Hampton, says “this is a big blow for developers and investors of all ... Read more
Helical Bar today announced it has exchanged contracts to buy Newmarket Shopping Centre in Suffolk from the administrators for £17.75m, representing an initial yield of around 8%. Tenants include Marks and Spencer, Peacocks, and Argos. Allsops and CB ... Read more
Communities Minister Bob Neill yesterday announced a drastic reduction in the empty rates relief for small properties, saying that it would cost the government an estimated £400m per year to continue with the exemption. Vacant properties with a ... Read more
Another indicator in the papers today of the buoyant market for office space in the City of London, with the Telegraph reporting that financial services group Friends Provident is about to take 50,000 sq ft of office space at One New Change, the new ... Read more
