Press reports indicate that a major deal is about to go through on Birmingham’s Brindleyplace mixed-use estate, involving the sale of eight of its 11 office complexes. It has been reported that Moorfield and Hines have lined up a £200m bid. The ... Read more
Lambert Smith Hampton has been busy collating data for the UK market for office space to buy and for let, and says the market took its first steps towards recovery after take-up reached 5.5m sq ft in the first quarter of this year. LSH says in its ... Read more
The Bank of England has indicated today that it is keeping a close eye on the UK commercial property market and watching for signs that banks are becoming less prepared to accommodate borrowers’ difficulties in repaying debt. In the BoE’s latest ... Read more
The Emergency Budget numbers have been crunched, the results are in, and the verdict is…well, we all knew it was going to hurt, and it is indeed going to be painful. For those masochists among you who would like to dwell on the finer points, ... Read more
While many of the measures announced by Chancellor George Osborne in his Emergency Budget today appear to be broadly in line with expectations, the increase in Capital Gains Tax at midnight tonight to 28% from 18% for higher-rate taxpayers is of key ... Read more
According to new research into occupier conditions in the EMEA region, Jones Lang LaSalle says companies are exercising “cautious” optimism in their property decisions. They are making plans in preparation for growth as and where it returns, and are ... Read more
IPD says the recovery in commercial property has continued to soften. Figures for the group’s May UK Monthly Index out this week show that UK commercial property capital growth eased for the second consecutive month, at 0.5%, reflecting a moderation ... Read more
National Grid is close to getting the go-ahead for a 1m sq ft business park in Greater Manchester on the site of an old gas production and storage facility, according to press reports. Development looks likely to take place in stages over several ... Read more
JLL says that thanks to the difficulties in obtaining debt finance over the past two years, the speculative development pipeline for City of London offices will deliver only modest volumes of office space by 2015, at a time when a potential 8m sq ft ... Read more
Demand for distribution and logistics space is set to rise sharply thanks to changes in the way we deal with our waste and recycling, with an area the size of 1,500 football pitches needed over the next five years. There is a “huge opportunity” for ... Read more
