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
Miller Birch Developments has agreed a deal with E.on for a new 105,000 sq ft office building in Nottingham – a transaction viewed by many as the key deal of the year in the market for office space in the city. JLL says its Nottingham office, ... Read more
It’s Friday! Time for a bit of gloom. Today brought to you by RICS, which says demand from tenants for commercial property fell in the second quarter – the first decline in a year. This has of course boosted the rumblings of concern that the recovery ... Read more
Great Portland Estates chief executive Toby Courtauld describes the current sentiment in the London commercial property market as a “less urgent mood” and says he expects this to persist for the rest of the year. In an update on trading issued to ... Read more
Jones Lang LaSalle says rents for office space in the West End of London have risen for the first time in three years, driven by several deals amid limited availability. Prime office rents in this area of London were up 13% in the second quarter to ... Read more
