British Land today said it had achieved ‘good results in challenging markets’ as it reported full-year underlying pre-tax profits up 5.1% at £269m and 5.4% growth in net rental income. Net asset value per share (EPRA) rose 4.9% to 595p as of the end ... Read more
Segro has exchanged conditional contracts for the sale of four industrial estates for £204.5m as it continues to reshape its portfolio to focus on core markets. The multi-let industrial estates are to be acquired by a fund advised by Harbert ... Read more
UK commercial development activity improved solidly in April, for the second month in a row, according to the latest research from Savills. The firm’s Total Commercial Development Activity Index came in at +8.1% last month, after a +13.1% reading in ... Read more
The gap between primary and secondary office property to let is set to widen this year, says Jones Lang LaSalle. The firm’s Q1 research into the UK office market highlights the continued rationalisation of portfolios by large occupiers and says that ... Read more
There was some improvement in the performance of the UK’s commercial property markets in April, says CBRE, with the firm’s UK Monthly Index showing that a marginal increase in headline total returns and a slowdown in capital value declines enabled ... Read more
Jones Lang LaSalle says around 3.6m sq ft of industrial floorspace was taken up in the Western Corridor (west London and the Thames Valley) during the second half of 2011, taking the total for last year to 6.1m sq ft – a jump of 45% over the 2010 ... Read more
Bowyer Bryce has agreed the sale of 241 High Street in Waltham Cross for £249,995. The freehold property comprises ground and first-floor office space totalling 1,032 sq ft in a retail parade a short distance from the Pavilion Shopping Centre and ... Read more
Continuing our look at DTZ’s latest research into regional office markets, the Edinburgh and Glasgow office markets have enjoyed a strong start to the year. Take-up of offices in Edinburgh city centre during Q1 reached 127,000 sq ft, which is the ... Read more
Take-up of office space in Leeds during the first quarter was the highest for more than four years, says DTZ. In its latest research into regional office markets, DTZ says Leeds city-centre take up was 155,000 sq ft during Q1, and that this followed ... Read more
The latest research from the Local Data Company indicates that vacancy rates for retail premises have continued to rise as the challenges for retailers continue. The only major change seen in the first quarter of this year, the LDC says, is “the ... Read more
