The market for out-of-town retail property is still showing some resilience, with rental growth visible in some prime retail parks, despite a drop in overall leasing levels from the 2007 peak, says Cushman & Wakefield. The firm’s latest ... Read more
Hammerson yesterday announced the sale of most of its portfolio of London office property to Brookfield Office Properties for £518m. The group had announced in February that it wanted to become a specialist retail REIT and become “the best ... Read more
Commercial property values in the UK in May suffered their steepest monthly drop since values began to decline in November 2011, says the IPD. The institute’s latest Monthly Property Index shows that values fell 0.5% last month – the seventh ... Read more
Are investors losing interest in the UK market for retail warehouse property? Savills says this doesn’t appear to be the case from the low levels of stock being marketed – it’s more that many investors are just unwilling to trade in the current ... Read more
Leasing activity for Central London offices picked up sharply in May but was still below the long-term average, says CBRE in its latest overview of the sector. Take-up of office space in Central London last month totalled 811,000 sq ft, a jump of 96% ... Read more
Bowyer Bryce has let retail premises in Borehamwood, on Shenley Road, on a ten-year lease at an annual rent of £20,000. The 1,737 sq ft shop, which also has a rear storage area and loading access, is in a prominent position on a main-road parade of ... Read more
Glenny LLP, acting on behalf of St Ives Print, has announced the sale of One Optima Park to motorcyle industry supplier Bike Alert. The 65,000 sq ft building on a three-acre site close to the M25 at Dartford is “one of the best quality substantial ... Read more
While there are signs of an upturn in the corporate demand for office space in the City of London, after a subdued first quarter, Cluttons says the TMT sector has provided a “welcome supplement” to the traditional banking and finance occupiers in the ... Read more
The market for Manchester office space to let has begun the year quietly, and the city will not be immune to the effects of local and national government austerity, but its strength in sectors other than finance and the public sector will deliver ... Read more
The robust Central London property market continued in May to bolster the overall performance of the CBRE Monthly Index. Capital growth on property in Central London was 0.4% last month, with total returns at 0.7%, up from 0.1% and 0.5% in April. At ... Read more
