It’s important to look beyond the headline figures when considering retail vacancy data, says Jones Lang LaSalle. While there is a tendency for occupier churn to be reported as vacancy, JLL points out in its new Retail Spotlight report that it can ... Read more
The BCSC, now holding the final day of its exhibition and conference in Manchester, says more than one in 10 UK shops could remain vacant in the long term. In its report, ‘Empty Shops - What does the future hold for town centres?’ the BCSC says this ... Read more
British Land has agreed to pre-let 145,000 sq ft of office space at its Regent’s Place development in NW1. In a statement to the London Stock Exchange this morning the company said the pre-let to Debenhams was at 10 Brock Street, a new office ... Read more
Activity in the market for Central London office space to let rebounded in August, with nearly 1.0m sq ft of space taken up, according to new research from CBRE. There were ten deals during the month of more than 20,000 sq ft each and a ... Read more
Property investors, pick up the Keep Calm and Carry On mug when making your coffee today – so says Knight Frank, which claims in its latest Market Outlook that while the financial markets have swung from bull to bear in the past few months, there is ... Read more
Occupiers are still least satisfied with landlords’ service charge arrangements and interaction with them on green issues, according to the latest Occupier Satisfaction Survey. The report, from the Property Industry Alliance and the UK chapter of ... Read more
Returns from retail property weakened during August, coming in at 0.4% for the month according to CBRE’s Monthly Index, with high street shop values falling as investor concern grew about the outlook for the consumer sector and retail rents. Capital ... Read more
RREEF, on behalf of the Employees Provident Fund of Malaysia, has bought one of the largest distribution centres in South East England, buying the Sainsbury’s distribution facility at Dartford for £80m. The purchase of the three warehouses – ... Read more
Great Portland Estates has today announced two major deals – the acquisition of a 2.3 acre West End redevelopment site and the £132.75m purchase, through its joint venture with the BP pension fund, of the ITN building on Gray’s Inn Road in ... Read more
It’s Friday, the Rugby World Cup has just kicked off, and we’d like to look on the positive side today. So here are some upbeat notes from Savills, which says there are a few “quite persuasive” reasons why a “proper” economic recovery might not be ... Read more
