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
“Beyond the South East, the retail market can be a very gloomy place”. So says Savills in its latest research into the shopping centre and high-street retail markets in the UK. It highlights that some retail investors are waiting to examine the ... Read more
DTZ’s Property Times updates for the third quarter examine several key regional UK cities, including Birmingham where the firm concludes that large corporate occupiers in the city are not rushing to make decisions. Sentiment is fragile and most ... Read more
The balance of supply and demand in the UK market for industrial property to let has begun to tilt in the favour of landlords for prime space, says Cushman & Wakefield in its latest report on the sector. It has found that a hardening of ... Read more
CBRE has issued updates on several key regional office markets. It says take-up of city-centre offices in Birmingham reached 169,183 sq ft in Q3, which was 7% more than in Q2 but down 27% from Q3 2010. The total of available office space has declined ... Read more
Capital Shopping Centres today said it had seen continued demand from international retailers and strong brands for retail space in its shopping malls, as it reported a vacancy rate of 3% and a 2% increase in footfall at its centres in the first ten ... Read more
O Twelve Estates managed by Rugby Asset Management has let Stuart House, a self-contained office building totalling 26,000 sq ft at Queensgate in Waltham Cross, to Telford Homes, which already occupied one floor of the building. In a related deal, ... Read more
Lambert Smith Hampton says investors in UK commercial property transacted a total of £8.06bn of deals during Q3, 22% more than in the previous quarter – despite the uncertain economic climate, and even though the third quarter is typically the ... Read more
