Savills says this year will remain challenging for the offices market in some UK cities, but expects rents to remain underpinned by the modest development pipeline. Take-up in most UK cities was muted in 2010, apart from London and Manchester, the ... Read more
Land Securities, which this week began work on the Walkie-Talkie office tower in the City in a joint venture with Canary Wharf Group, yesterday announced that it expects a wider range of buying opportunities this year – although bidding may remain ... Read more
Development activity in the commercial property market contracted again during December, says Savills. The firm’s latest monthly Commercial Development Activity index – a net balance monitoring the overall performance of the UK commercial property ... Read more
Take-up of office space rebounded during 2010 in the Western Corridor, says Jones Lang LaSalle, with almost 2.1m sq ft of offices let in the region west of London. The firm’s latest research into the sector in this area shows that take-up was 65% ... Read more
More major property deals are on the cards: Minerva told the Stock Exchange on Friday that it is in very early discussions that may lead to a take-over, while CBRE has reportedly become the favourite to acquire most or all of ING's real estate ... Read more
Colliers International, which has been tracking the level of retail voids in a sample of 15 towns across the UK for four years, says the broader picture is not as negative as might be suggested by headline figures. The proportion of vacant retail ... Read more
Rental growth in the market for available office space in Central London will be driven by a lack of grade A space this year, with Jones Lang LaSalle forecasting that West End office rents will reach around £95 per sq ft in larger units and above ... Read more
British Land yesterday announced it had agreed with The Portman Estate to buy and redevelop the Marble Arch House site in London’s West End. It has detailed planning consent for a development of office space, retail premises and luxury apartments on ... Read more
Simon Property Group has walked away from a bid for Capital Shopping Centres. The UK shopping mall group had refused to allow it to conduct due diligence on its books, which Simon had made a precondition of any formal offer. Simon, which has a ... Read more
Last year saw overall commercial property values rise 8.9%, says CB Richard Ellis, with total returns at 16.1%, boosted by a 27.3% jump in returns for Central London offices. In December values for the CBRE Monthly Index grew by 0.6%, with the ... Read more
