Derwent London today announced it had cut its vacancy rate to just 0.8% as of 30 September, compared with 4.0% at the end of June and 5.9% at the start of the year. The strength of the market for available office space in Central London has boosted ... Read more
DTZ says activity in the market for office space to let in Nottingham was very subdued in the third quarter, with only three city-centre transactions. “Occupiers are still often using lease breaks and expiries to negotiate better terms with existing ... Read more
As MAPIC gets under way in Cannes, Cushman & Wakefield says some European retailers faced with negative retail sales at home are increasingly turning to Asia in the search for growth. But while international brands – not just luxury ones – have ... Read more
British Land and Oxford Properties today announced agreement on the pre-letting of 191,000 sq ft to insurance group Aon at their joint development, the Leadenhall Building in the City of London. The letting represents over 30% of the 610,000 sq ft ... Read more
SBH Page & Read has let 82 London Industrial Park on Roding Road in Beckton, London E6. The 5,626 sq ft property has been let on a five-year lease to Marl Tech Limited at a headline rent of £45,300, or £8.05 per sq ft. NovaLoca has full ... Read more
Total returns from UK commercial property across all markets so far this year have reached 7.1%, with capital growth of 2.0%. For October, total returns were 0.6% (as in September) following another strong performance from Central London offices in ... Read more
Take-up of office space in UK regional markets this year appears likely to reach similar levels to 2010, says Jones Lang LaSalle. Its survey of the markets for available office space in Birmingham, Bristol, Cardiff, Edinburgh, Glasgow, Leeds, ... Read more
Land Securities today said it expected pressures in managing occupancy rates to continue, but noted encouraging levels of enquiries for its London developments and progress in pre-letting its retail developments. The group’s main customer base – ... Read more
Segro has reported “a good level of enquiries” for its portfolio despite the uncertain economic climate, and a further fall in its vacancy rate to 10.2% as of 30 September, compared with 11.4% at the end of June. The group says it secured £11.9m ... Read more
After announcing yesterday that bid approaches had indicated “minimal value” in its equity – an announcement that sent its share price plummeting – DTZ has today informed the market that its preferred bidder is UGL, the Australian property services ... Read more
