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
Prime headline rents for office space in Edinburgh city centre are set to come under pressure to rise towards the end of 2012, according to the latest research from Savills. A growing shortage of supply is forecast to push current rental levels up ... Read more
Glenny LLP and National Grid Property Holdings have announced the letting of a 76,000 sq ft industrial unit in Dartford. Unit D at Littlebrook Business Centre, a warehouse facility located by the QEII Bridge, has been let to road haulage firm MJD ... Read more
The IPD’s latest Monthly Index for UK commercial property paints “a fairly sombre picture” for the start of the year, the IPD says, but it notes that there are some areas for optimism. The IPD UK Monthly Index for January showed capital values ... Read more
Savills says UK commercial property developers have become positive about the future, for the first time in eight months. The firm’s commercial development activity index for January recorded a positive sentiment reading of +1.2%, a sharp improvement ... Read more
The availability of debt will be a crucial factor for commercial property markets across Europe this year, and a recent major PricewaterhouseCoopers report shows that most lenders expect financing to become even harder to obtain in 2012 than it was ... Read more
Helical Bar today updated the market on its current trading, saying that it had continued to add to its portfolio with £90m of acquisitions completed since September 2011. These include land and buildings in Corby for £70m. The group has also bought ... Read more
The performance of UK commercial property last month was slightly weaker than the solid finish seen to 2011, says CBRE. The firm’s Monthly Index for January shows total returns on UK commercial property of 0.3%, down from the 0.5% recorded in ... Read more
British Land says the 0.3% increase in its NAV during the past quarter to 593p and 6.3% growth in underlying pre-tax profit to £68m reflect the resilience of its business in a tougher economic environment. But in the near term, given the unresolved ... Read more
