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
The new Big Box Industrial and Logistics market report from Jones Lang LaSalle highlights that occupier demand has weakened, with take-up of Grade A floorspace in the first half of this year at 6.9m sq ft coming in 52% lower than in the second half ... Read more
Prime rents and yields for UK commercial property remained stable during the third quarter compared with Q2, despite the economic uncertainty across Europe, says CBRE. There were some changes by sector, however, particularly within retail, with shop ... Read more
