Jones Lang LaSalle has highlighted in a recent report that the latest Bank of England quarterly lending figures show that UK bank exposure to property fell to its lowest since 2002 in the third quarter. The proportion of lending to property as a ... Read more
Savills says this Christmas could be stronger for retailers than many have expected, and notes that a number of retailers have been quietly predicting the same thing. But the big challenge for retail landlords over the next few years remains the fact ... Read more
Strong growth in the values of residential property in Central London is driving increased conversion of office space to residential use, says DTZ in new research. By the end of Q3 2012 planning permissions for office conversion to residential in ... Read more
Take-up of office space in the City of London reached 408,000 sq ft in September, Savills says in new research into this market, and this takes the Q3 2012 total to 3.2m sq ft. The total take-up figure in September was about 15% below normal for ... Read more
The IPD/Strutt & Parker Lease Events Review, which has measured more than 93,000 leases over 2011 and 2012, has concluded that struggling tenants are increasingly exercising their right to exit a lease early. Almost 60% of the leases (weighted ... Read more
GVA says the vacancy rate for office space in the West End of London fell to 4.6% during the third quarter of 2012, from 5.0% in the previous quarter, with take-up bouncing back after an exceptionally quiet Q2. The total amount of West End office ... Read more
Take-up of office space in Edinburgh during the first half of 2012 was more than double the level seen in H2 2011, says Savills in its latest research on the market. Two of the high-profile requirements in the market at the end of last year have come ... Read more
The government last week unexpectedly announced that it would postpone the revaluation of business rates in England until 2017. The British Property Federation has condemned the move, saying it is a further blow to the country’s struggling high ... Read more
Segro today reported more progress despite a “challenging” macroeconomic backdrop. In a statement to the London Stock Exchange Segro said it had generated new annualised rental income of £5.5m from the take-up of developments completed during the ... Read more
In its quarterly review of major UK regional office markets, GVA says the out-of-town market is generally performing better than city-centre markets at the moment, but that this could change as larger deals complete towards the end of 2013. While ... Read more
