The TMT sector, encompassing broadcasting, publishing, new media, advertising, marketing, PR, information technology, telecoms and media occupiers, continued to take a rising proportion of Central London office space last year, accounting for 22% of ... Read more
Savills’ Commercial Development Activity Index for February posted a net balance reading of +10.9%, up from +3.1% in January and the fastest rate of expansion in four months. Those surveyed said improved confidence in the economy, the launch of new ... Read more
CBRE’s Monthly Index for February showed a slight pick-up in total return at the All Property level to 0.4%, after a 0.3% reading in January. The total return in the offices and industrial property sectors was 0.3%, while in retail it was 0.4%. The ... Read more
The property industry’s cautious response to this week’s Budget can be summed up in the comment by Liz Peace, chief executive of the British Property Federation, who said the statement contained “more good than bad” for the industry overall. Mark ... Read more
DTZ last week announced that its Fair Value Index for European property in Q4 2012 had risen to its highest score for 10 years, with a score of 78 compared with 62 in the previous quarter. Of the 105 markets covered, 69 were rated as HOT and 25 as ... Read more
Savills estimates that by the end of 2012, only 15% of the vacant office space in Edinburgh was Grade A. Overall office availability in the city has fallen by nearly 10% during the past year, the firm estimates, with virtually no new or refurbished ... Read more
At MIPIM last week, there were again plenty of discussions about the prospects for renewed lending by banks to property developers. Natale Giostra, head of UK and EMEA debt advisory at CBRE, says the reality is that banks have already started to lend ... Read more
Take-up of office space in Glasgow last year was only slightly below average, says Savills. While second-half take-up was “a rather underwhelming” 137,870 sq ft, taking the total for 2012 to 371,870 sq ft, this level of take-up is more or less in ... Read more
MIPIM rolled around again this week, and once more Boris Johnson was in the spotlight after his 2011 speech that had delegates queuing around the block. On Tuesday, after a delayed start due to snow – giving him the opportunity to call once more for ... Read more
There’s every reason to think that Bristol offers the best prospects for growth of all UK regional cities, and excellent opportunities for investors seeking alternatives to London’s superheated property markets, says GVA in new research. GVA notes ... Read more
