Capital Shopping Centres today posted a 9% rise in NAV for the first half of the year, helped by a 6% increase in the value of its investment properties. Chairman Patrick Burgess said: “We are now looking to drive growth in net rental income from ... Read more
British Land today said it remained cautious about the near-term outlook as it reported a 2.2% increase in NAV to 515p per share for its first quarter, the three months to 30 June. The increase in the group’s portfolio valuation was just 1.4%, ... Read more
CB Richard Ellis says its latest Leeds Offices MarketView shows that the occupational market in the city remains fragile, but claims that higher activity levels indicate an improvement in occupier sentiment going into the second half of the ... Read more
British Land announced a major City offices deal this morning, finally reaching agreement on a transaction that has been the subject of speculation for several months. The property group, together with its joint venture partner Blackstone, has signed ... Read more
Listed property group Hammerson says the outlook remains uncertain. As the group today unveiled a 7% increase in adjusted pre-tax profit during the first half of 2010, chairman John Nelson said: “With an uncertain economic outlook we will focus on ... Read more
Lambert Smith Hampton’s quarterly research into the market for investment in UK commercial property shows that activity in Q2 2010 reached its highest for the past two years, with turnover of £8.3bn and 15 deals of more than £100m completing during ... Read more
To “kick-start a sustainable transformation of the North West of England”, the Evergreen consortium has been selected by the European Investment Bank to set up a major regional regeneration fund, in a move combining public and private funding that ... Read more
The level of demand for office space in the UK has weakened following a promising start to the year, says JLL. In its UK Office Occupier Enquiries Analysis for Q2 2010 JLL’s UK network reports that the number of enquiries for significant ... Read more
Derwent London, which specialises in central London property investment and regeneration, has agreed to buy Central Cross, 18-30 Tottenham Court Road and 1-2 Stephen Street, London W1 for £146m before costs. The key West End office, retail and ... Read more
DTZ’s second-quarter reports on the market for office space in the UK regions show that occupier sentiment clearly took a turn for the worse in many cases, and tenants were hesitating to commit to deals. While 2009 probably marked the lowest point ... Read more
