St. Modwen Properties today announced that it and its joint-venture partner Vinci have signed a deal for the £2bn development of the New Covent Garden Market site – another major project in the Nine Elms district in Central London. The ‘landmark ... Read more
Neil Prime of Jones Lang LaSalle says speculative office activity is expected to return to the London property market in 2013, as the current development pipeline is “inadequate to meet any upturn in demand”. JLL expects around 4.3m sq ft of office ... Read more
Colliers International expects the tentative economic recovery to stumble in the first half of this year, and has cut its forecast for total returns in 2013 at the All Property level to 6.7% from 8.8%. While higher employment levels and improved ... Read more
Office occupiers in Central London are continuing to migrate eastwards, says The Times, citing research from Cushman & Wakefield showing that take-up of West End office space fell 25% in 2012 to 2.5m sq ft. This was despite the booming demand for ... Read more
Haslams Chartered Surveyors has announced the letting of 5,500 sq ft of office space in Reading, at ‘The Blade’ in the town centre, to recruitment consultancy Roc Search. The company will move its head office into the seventh-floor offices in ... Read more
Savills says the lurking concerns about the US fiscal cliff and the eurozone will continue to send most cross-border property investors heading for safe havens such as London offices and prime UK retail property in 2013. This will continue to support ... Read more
On average, total commercial development activity increased in November compared with October, but the rate of growth slowed, according to Savills’ latest research. The firm’s Total Commercial Development Activity Index posted a net balance of +9.1% ... Read more
The latest UK Commercial Property Lending Market report from De Montfort University shows that the unwinding of commercial property debt is continuing, with lenders slowly rebalancing their loan books as they reduce the value of high loan-to-value ... Read more
Dickon Wood, director of investment at Jones Lang LaSalle’s Newcastle office, says this year’s commercial property investment market in the North East of England has been very similar to that of 2011. Transaction volumes of £230m this year are on a ... Read more
Commercial property in the UK produced a largely flat performance in November, says CBRE, with values at the All Property level falling by 0.2% after a 0.1% decline in October. The firm’s latest Monthly Index shows that capital values across all UK ... Read more
