DTZ says the worst of the commercial property slump is over and expects to see a return to growth in invested stock value this year, up 5% globally and up 8% for the UK as capital values continue to recover. The group’s global Money into Property ... Read more
The market for office space in Central London again performed more strongly than other commercial property sectors during April, said CB Richard Ellis as it unveiled its Monthly Index report last week as voters went to the polls. The All Property ... Read more
With uncertainty the main result from yesterday’s General Election, some City analysts are warning Building that a hung parliament implies that recovery in the construction sector will be delayed. However, Paul Griffiths, head of investment at BNP ... Read more
The latest survey by the Chartered Institute of Purchasing and Supply suggests that the construction industry is experiencing strong growth – with activity in the commercial and residential sectors gathering pace while public-sector development ... Read more
There was a jump in the number of professional negligence claims brought against surveyors and estate agents last year, says law firm Reynolds Porter Chamberlain. This suggests that claims relating to property values are now reaching the courts, as ... Read more
There are some positive signs in the UK industrial property market, as prime rents are holding up and incentives for good-quality, well-located schemes are being withdrawn, says Cushman & Wakefield in its Q1 2010 update on the sector. While ... Read more
British Land is close to keeping Swiss bank UBS as a key tenant in the Broadgate development in the City of London, according to the Daily Telegraph. The deal would be a “major boost” for British Land, the paper says, as it had faced concerns that ... Read more
CB Richard Ellis has joined the chorus of voices saying that the lack of new office space in central London is squeezing prices higher. During Q1 2010 the recovery in prime rents continued, the group says, and take-up for the quarter was the highest ... Read more
European commercial property group Segro this week said it was restarting its development programme in response to specific occupier demand “with a carefully selected number of pre-let developments”, as there was limited new supply coming on ... Read more
While Nick Leslau and Gerald Ronson won major awards at last night’s Property Awards at London’s Grosvenor House Hotel, congratulations also go to all of you who enjoyed free ice-creams from the NovaLoca team during the evening! Miranda Munn and ... Read more
