Land Securities today said it was “pleased with progress” as it reported £9.3m of development lettings signed during the three months since the start of April, £5.8m of which were within its London portfolio and £3.5m across its retail properties. A ... Read more
There was a further marked deterioration in UK commercial development activity in June, says Savills in its latest update on the market. The firm’s Total Commercial Development Activity Index rose last month from the minus 13.8% reading in May, but ... Read more
The grocery outlet market is the exception to the retail rule at the moment, says CBRE, with the surge in grocery shop development activity showing no signs of slowing despite the uncertain economic environment. Grocery floorspace in the pipeline has ... Read more
The latest RICS Commercial Market survey, for the second quarter of 2012, shows that a growing number of retail landlords have been offering incentives in order to let their premises. Continued economic uncertainty is continuing to take its toll on ... Read more
For an investor, the declining value of an asset due to obsolescence is a key concern. In response to a request from the British Council for Offices’ investor committee, Lambert Smith Hampton and IPD have carried out a study into the issue of office ... Read more
There was a slight improvement overall in UK commercial property performance last month, says CBRE, whose Monthly Index shows a 0.5% fall in values during June after a 0.6% decline in May. This has helped to flatten the overall total return figure in ... Read more
Lambert Smith Hampton says that the stable levels of offices take-up in the Thames Valley region during 2010 and 2011 may be surprising to some, given the negative macroeconomic environment. But they reflect the main driver of demand – occupier lease ... Read more
RICS has launched a new small business retail lease in an attempt to “inject fresh life into the British high street”. The lease, unveiled on 4 July to coincide with “Independents’ Day”, a celebration of independent retailing in the UK, has been ... Read more
Buyers of commercial property for sale in the City of London in recent months have generally been focused on value-added investments, says Savills. The firm has noted a sharp increase in turnover during May, with total completions of £1.36bn in City ... Read more
At the AGM of Great Portland Estates today, chairman Martin Scicluna is to tell shareholders that the company has had a record leasing year, with more than £25m of annual rent secured at levels well ahead of valuers’ ERV, including almost £17m ... Read more
