The supply of Grade A distribution properties and industrial units for sale and to let in the UK continued to tighten last year, falling 28% to 13.1m sq ft, says Lambert Smith Hampton, while levels of secondary space fell 4%. In its National ... Read more
Cushman & Wakefield has today announced the appointments of Digby Flower and Andrew Parker from CBRE. Digby Flower, who joins C&W as a partner and head of London markets, has been at CBRE for the past 17 years and was on CBRE’s Central ... Read more
It will be a year of refurbishment rather than new development for regional UK markets for office space, says Jones Lang LaSalle. The firm says that just six offices schemes started speculatively last year across the six regional office markets it ... Read more
Hammerson today announced that, following a strategic review, it will sell off its entire portfolio of office properties in order to become a specialist retail REIT. Retail assets currently represent 89% of the company’s £5.7bn property ... Read more
Take-up of office space in Central London fell 30% compared with December, to 839,400 sq ft, after a relatively strong end to 2011, says CBRE. But this figure was 38% more than in January 2011, the firm notes. While take-up of Docklands offices ... Read more
Savills has noted sustained “and possibly increasing” demand for Grade A City of London commercial property from overseas investors, particularly from Asia. It expects this to maintain prime yields for such properties at 5.25% and says they could be ... Read more
As market uncertainty is driving a risk-averse and cautious approach from occupiers, developers of office space in London face a significant challenge in securing tenants and beginning projects, says building consultancy EC Harris. While there is ... Read more
DTZ says more than 40% of UK commercial property could fail the new government energy standards encompassed in the Energy Act, which passed through Parliament last year. The new standards could have a significant impact on the value of these ... Read more
FirstService Corporation has requested an extension to the deadline by which it must decide whether to make an offer for Colliers International, as it wants to carry out further due diligence. The company, majority shareholder in Colliers ... Read more
Segro has sold a portfolio of UK industrial assets to two property funds managed by Ignis Asset Management for £80.2m. Segro says this is part of its new strategy to focus its industrial portfolio on London and the South East. The five non-core UK ... Read more
