The Scottish government yesterday published the Unoccupied Properties Bill, which proposes to cut the empty property rate relief on some types of empty commercial property in Scotland to 10% from 50%. The move is intended to encourage property owners ... Read more
Knight Frank says the latest IPD All Property Capital Growth Index, which has again declined, suggests that the long-anticipated double-dip for capital values in commercial property has finally arrived, but that it is following a shallow trajectory. ... Read more
Great Portland Estates has agreed a pre-let on the whole of 33 Margaret Street in London’s West End to Savills. This follows a pre-let agreement in December 2011 for most of the office space in the building. Savills has now pre-let all the ... Read more
Bowyer Bryce has let 868 sq ft of ground- and first-floor office space in Edmonton, London N9, on a 16-year lease at a rent of £10,500 per year. The property, which forms part of a retail parade on Hertford Road, has air conditioning, WC and kitchen ... Read more
Activity in the market for office space for sale and to let in Central London has been held back so far this year by the ‘wait-and-see’ attitude among occupiers, says Jones Lang LaSalle. But the firm expects deal momentum to pick up in the second ... Read more
While the headline writers were busy with the Chancellor’s introduction of 7% stamp duty on houses over £2m, the commercial property industry was also getting to grips with other parts of his Budget speech yesterday. The British Property ... Read more
Despite a recent improvement in corporate sentiment, according to European Commission data, corporate occupiers of office space in the UK remain cautious and activity levels are still subdued, says Jones Lang LaSalle. But occupiers should be ready to ... Read more
Ahead of the Budget statement tomorrow, the British Property Federation together with the Local Government Association has called on the Chancellor to make it easier to get development schemes off the ground and to tackle what they describe as the ... Read more
Commercial property values fell 0.3% in February, says the IPD, which notes weakening occupier demand and sluggish growth in regional areas. Total returns were 0.3% for the month. This is the four consecutive month of declines in values in the IPD’s ... Read more
Take-up of office space in the centre of Bristol and in the Clifton area last year was 22% below the five-year average, at 425,289 sq ft, says Jones Lang LaSalle. The stock of available office space in Bristol centre remains at around 16.5m sq ft, ... Read more
