There was a further 0.3% decline in property values in December, says the IPD, taking values at the headline level for the full year to minus 4.2% in what it describes as a “challenging year for the UK commercial property sector”. The retail sector ... Read more
UK commercial property produced a total return at the All Property level of 0.3% in December, following a 0.2% return in November, says CBRE. The firm’s Monthly Index last month showed a continued decline in capital values, which fell 0.2% in ... Read more
Bowyer Bryce has announced the completed sale of the freehold trade counter/ warehouse property at 278A Alma Road in Enfield, on behalf of TBS Polycarbonates, for £537,500. The 4,821 sq ft industrial property in Enfield has two loading doors with ... Read more
Total commercial development activity in the UK during December increased for the fourth consecutive month, says Savills, propelling its Total Commercial Development Activity Index to a net balance of +10.6% compared with the +9.1% reading from ... Read more
The latest RICS construction market survey indicates a turning point for the UK construction market, with those surveyed predicting an increase in output this year. During the final quarter of 2012, 15% more surveyors reported expected increases in ... Read more
Did you know that EPCs must now be clearly displayed in a large number of commercial buildings? With effect from 9 January, certificates are required to be displayed in commercial properties of more than 500 sq m that are frequently visited by the ... Read more
Colliers International calculates that take-up of office space in the West End of London in the final quarter of 2012 was down significantly from the previous quarter’s strong total, due partly to lengthy negotiations on some deals. Expectations that ... Read more
Of the eight main regional UK office markets covered by CBRE, Manchester is expected to be the only one to record prime office rental growth this year – forecast at 2.5%. Since the economic downturn, the market for Manchester office space has ... Read more
Segro this week announced a further £159m of disposals, including two large, non-strategic assets – the Thales campus in Crawley for £80m, which was sold earlier this month to a large UK institutional investor; and the MPM site in Munich for £53m to ... Read more
Cushman & Wakefield says the Central London offices market was resilient, despite the continued uncertain economic backdrop, with estimated take-up of new office space at 7.3m sq ft for 2012. This compares with 7.8m sq ft in 2011. Take-up of ... Read more
