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
Savills expects full-year take-up of office space in Manchester to exceed last year’s total of 699,000 sq ft. It says South Manchester has experienced something of a recovery, with year-to-date figures exceeding take-up for the city centre. The ... Read more
Total returns from secondary property are set to outperform those from prime by 2014, after turning positive once more next year, says DTZ. The firm’s latest research into the pricing of secondary commercial property in the UK says that offices will ... Read more
Occupier demand for European logistics assets held steady in the third quarter of 2012, says Jones Lang LaSalle in its latest research into the market for logistics property of more than 5,000 sq m (10,000 sq m in the UK). Take-up in Q3 2012 reached ... Read more
Developments of office space in Leicester of more than 100 sq m will no longer be restricted to the New Business Quarter, under a proposed action plan for the city’s offices launched last week by the mayor. Leicester council commissioned a review ... Read more
The British Property Federation has welcomed the news in the Chancellor’s Autumn Statement on Wednesday that all newly-built commercial property completed between 1 October 2013 and 30 September 2016 will be free from Empty Property Rates for the ... Read more
The weaker economic backdrop, which in turn has subdued business investment, is a large part of the explanation for the major deterioration in value of lower-quality secondary property assets in the UK – apart from the Central London offices market, ... Read more
2013 will be the year of the asset manager, said Richard Batten, UK executive chairman of Jones Lang LaSalle, ahead of the IPD annual conference last week. Occupiers are continually seeking to improve productivity and being more efficient in how they ... Read more
A new survey from RICS shows that more than 90% of respondents believe that Empty Property Rates on retail premises and office space are ‘significantly detrimental’ to the recovery of town centres. More than half of those surveyed think the charges ... Read more
