Construction activity in the private-sector office market is beginning to pick up, bucking the weak trend in other sectors, says Savills in its latest Commercial Development Activity report. Five of the nine sub-categories of commercial development ... Read more
In its annual Thames Valley Office Market report, Lambert Smith Hampton says the region is recovering from its 2009 low, with office take-up in 2010 totalling nearly 2m sq ft and this year continuing in a similarly positive tone, with 700,000 sq ft ... Read more
Development Securities is going into partnership with S Harrison Developments to develop the Friarsgate Shopping Centre in Lichfield. The listed company announced today that the 50:50 partnership would develop the retail-led scheme encompassing ... Read more
More today on Central London office space, this time from Capita Symonds, which says its second-quarter survey of the market shows lower activity levels, reflecting the slower world economy. The second quarter of 2011 again saw take-up of Central ... Read more
June was a largely flat month for UK commercial property markets, according to the Monthly Index from CBRE. The overall capital growth of 0.2% and total returns of 0.7% last month were in line with those recorded in May, and most sub-markets in June ... Read more
Property Week reports that Canary Wharf Group is the frontrunner to develop the Shell Centre on London’s South Bank into residential and office space. The group has financial backing from Qatar and is understood to be Shell’s preferred development ... Read more
Rent levels for available office space in the UK are rising, says Jones Lang LaSalle. While occupiers can still obtain good incentives in some regional centres, the window of opportunity is expected to close as the lack of speculative new development ... Read more
The Department of Energy & Climate Change (DECC) has decided to keep the CRC Energy Efficiency Scheme, despite calls for it to be axed in favour of an increased Climate Change Levy. After consultation with business, the public sector and ... Read more
Jones Lang LaSalle says industrial occupiers across the EMEA region are continuing to grow in confidence, which is starting to lead to new flows of corporate investment. The firm says occupiers are still mainly focused on space upgrades and network ... Read more
British Land has bought Grenfell Island, a mixed offices and leisure development in Maidenhead, for £74m. The 198,000 sq ft scheme includes 113,000 sq ft of office space let to Hutchison Telecom as its UK headquarters, and a 10-screen Odeon cinema ... Read more
