DTZ has this morning announced that Australian property services firm UGL has agreed to acquire the company, in a deal that will see shareholders wiped out. The company was placed into pre-pack administration immediately prior to UGL’s takeover. ... Read more
A new report from GVA Grimley examining the market for secondary commercial property in the UK points out that investors consider these properties to be risky for many reasons, including the greater difficulty of securing bank debt against them; ... Read more
Lambert Smith Hampton has identified key locations in the UK where it says developers of office space should start building now, in order to benefit from shortages of stock ‘when the upturn in demand returns in 2014’. The firm says there is only 1m ... Read more
Glenny says the industrial sector in the eastern M25 region has continued to flourish, despite the difficult economic conditions, with industrial take-up in the area reaching 5.8m sq ft in the first nine months of the year, and looking set to pass 7m ... Read more
Cushman & Wakefield says there are signs of improvement in the London office market, but has warned that forward planning for leasing must become a stronger focus for companies if their property costs are not to rise. A survey of 500 of the ... Read more
The recovery in development activity across the market for London office space has been sustained during the past six months, says Drivers Jonas Deloitte, although delivery of new space remains low compared with historical levels. “The question now ... Read more
Glenny LLP has established a new regeneration and infrastructure division to provide advice to public-sector and private clients. The firm of chartered surveyors and property consultants will draw on its experience throughout east London to provide a ... Read more
The outlook for the UK commercial property market has become more challenging during the past quarter, says DTZ, with fewer attractive investment opportunities on offer. The firm’s Fair Value Index for the UK has fallen to 33 for the third quarter, ... Read more
While it is important to be aware of national and international trends in the property market, it is also vital to be in constant dialogue with your tenants in order to detect early warning signs of a failing tenant, says Liz Steele, associate ... Read more
Development Securities’ latest ‘Who Owns The City?’ report, its fourth in a series that began in 1998, shows that for the first time foreign ownership of City office property has overtaken the level of UK ownership of offices in the Square Mile. Just ... Read more
