Changes to legislation that permits change of use from office to residential “have the capacity to substantially change the character and economic performance of commercial areas,” says CBRE. The firm, which recently hosted a seminar on the changes ... Read more
Lambert Smith Hampton notes that while recent economic data suggests a continued slow improvement during the second quarter of 2013, the recovery in the property market appears to be two-paced, with London and the South East performing better than ... Read more
Land Securities has announced it will spend £260m on a speculative mixed-use development in the City of London in a move it says “demonstrates our confidence in the London office market”. 1 & 2 New Ludgate in EC4 will comprise 346,000 sq ft of ... Read more
Growth in total UK commercial development activity accelerated in May, says Savills. The firm’s Total Commercial Development Activity Index had a net balance of +5.8% last month, up from +5.1% in April. Respondents to the survey indicated that better ... Read more
Lambert Smith Hampton has highlighted a recent ruling by the High Court, which it says could lead many occupiers to seek to avoid business rates on empty commercial premises through the use of Bluetooth messaging devices. Sunderland District ... Read more
The subdued economic outlook for Western Europe this year is leading to rising occupier caution when it comes to industrial property, says Jones Lang LaSalle. The firm’s latest survey of industrial occupier conditions has pointed out that while the ... Read more
NovaLoca.com is delighted to announce that the first version of the new ‘powered by NovaLoca’ property search has gone live for Aspect Property Consultants. This amazing product offers the look and feel of a bespoke property search, without the ... Read more
The Victoria Park Plaza in London was the venue for the OAS Development Awards last Friday. NovaLoca was again proud sponsor of one of the awards – this time round it was the Best Deal Outside Central London category and Miranda Munn was once again ... Read more
Never one to shun the limelight, Boris Johnson has been out and about at new property developments in the capital in recent days. The Mayor of London last week confirmed a STG 1.5bn deal with The Silvertown Partnership – a consortium of Chelsfield ... Read more
CBRE has reported positive change in capital value across all sectors in its May Monthly Index – the first time this has happened since November 2011. Capital values increased y 0.1% at the All Property level. Aleksandra Starczynska at CBRE says this ... Read more
