While demand for office space remains sluggish in most UK regional markets, the Birmingham Central Business District has recorded its highest quarterly take-up for nine months. Grade A vacancy levels for office space in Birmingham are now the lowest ... Read more
DTZ this morning confirmed the departure of its chief executive Paul Idzik and finance director Robert Rickert. Speculation is rife that the two had grown frustrated with the slow pace of a takeover agreement by 55% shareholder SGP. The French group ... Read more
The vacancy rate for office space in the West End of London has reached a recent low of 3.8% as supply has fallen to 3.9m sq ft – the lowest level since Q1 2008 and only 1.1m sq ft above the low-point of the previous cycle, says CBRE. The firm’s ... Read more
Logistics occupiers are being driven to consider design-and-build opportunities as the supply of buildings shrinks, says CBRE in its H1 2011 UK Industrial Market View. The firm says there are currently only two properties of more than 500,000 sq ft ... Read more
The outlook for UK commercial leisure property remains challenging, says Savills in its latest review of the sector, but it does expect to see a staged recovery for this market at a regional level from 2012 onwards. The firm says many of the factors ... Read more
The latest research from the Local Data Company shows that there is a very wide range in shop vacancy levels across the UK. The LDC visited 400 town centres and out-of-town retail parks and shopping centres during the second quarter of 2011 and found ... Read more
The property industry has reacted positively to the government’s release yesterday of its draft National Planning Policy Framework – an overhaul of the UK’s planning regulations that seeks to simplify and streamline the current system. More than a ... Read more
Lambert Smith Hampton reports that distressed sales are gaining pace in the UK, with distressed investment transactions accounting for just under £1bn of the £6.6bn seen in the second quarter of this year. The firms’ UK Investment Transactions ... Read more
Prime occupier markets were weaker overall during the second quarter, says the latest Prime Rent and Yield research from CBRE, as a result of the renewed decline in rental values after a period of rental stability. The decline in prime rents in the ... Read more
The Times reports today that Union Investment, one of Germany’s largest property fund managers, is poised to fund the speculative development of a STG 150m office building in Manchester. It is in advanced talks with developer Allied London about ... Read more
