The 1,431 sq ft retail premises in Edinburgh at 330 Lawnmarket, formerly Castle Antiques, attracted a total of 11 offers, each above the asking rent of £65,000 per annum, says Ryden. The firm has signed up Kiltane Retail on a 25-year lease at £72,000 ... Read more
The IPD has responded to the De Montfort survey on lending to the UK commercial property market, which says that the total stock of debt secured on income-producing UK real estate fell 8% to around £217bn in 2012. This figure is expected to fall as a ... Read more
The Kensington Roof Gardens had more than a hint of Australia about it on Monday night as the IAS BBQ 2013 went Down Under for a night of food, drink and networking. Never ones to miss out on a bit of socialising, NovaLoca sent a small army to West ... Read more
Knight Frank expects UK commercial property markets to move into a period of recovery and geographic broadening for investment activity later this year. The firm forecasts that the IPD All Property capital growth index will turn positive again in ... Read more
GVA says it is seeking gradual improvement in occupier sentiment across many of the UK’s commercial property markets, and expects average UK commercial property rental values to grow by 0.7% this year – barring any further major economic shocks. This ... Read more
The continued sluggish lettings activity in the UK retail market is due to the economic downturn and not to the rise of Internet retailing, says CBRE in a recent Viewpoint article. The amount of sales diverted from shops by the rise of internet ... Read more
The British Retail Consortium says the UK town-centre shop vacancy rate in April rose to 11.9%, from 10.9% in January, to reach the highest level since the BRC/Springboard survey began in July 2011. The BRC’s director general Helen Dickinson ... Read more
Commercial development activity dipped during April after a strong March, according to Savills, which says its Total Commercial Development Activity Index reached a net balance of +5.1% in April – the eighth consecutive positive reading – down from ... Read more
CBRE says UK commercial property performance in April was largely unchanged from the previous month at the All Property level, with total returns reaching 0.6% compared with 0.5% in March. This took the annual return to 3.1% for the year to April ... Read more
Lambert Smith Hampton says the Manchester offices market has made a positive start to 2013, with first-quarter city-centre take-up of 271,000 sq ft compared with 170,000 sq ft a year ago and roughly in line with the 275,000 sq ft seen in Q4 ... Read more
