Shaftesbury has reported continued good demand and letting activity across its West End property portfolio. In an update for the period from 1 October 2012 to 8 February 2013, the group says available vacant space is at “an exceptionally low level” ... Read more
The latest Bank of England quarterly lending figures have highlighted a further decline in UK bank exposure to the property sector, to 8.3% of all debt in Q4 2012, notes Jones Lang LaSalle. Jeremy Handley, director of valuation advisory at Jones ... Read more
A lack of Grade A office space in Oxford and a sustained level of demand means that the pendulum of power looks set to swing back in favour of landlords, says Savills in its most recent Oxford Market Watch. Last year was not a record year for ... Read more
The range of City office space being marketed in the final quarter of 2012 serves as a reminder that there is room for creative deal-making, says Colliers International in its latest research into the sector. Take-up of City offices reached 1.3m ... Read more
Savills’ latest report on the market for office space in the City of London notes that take-up in December reached 500,000 sq ft, taking the total for 2012 to 4.63m sq ft, back in line with the ten-year average and 18% above the previous year’s ... Read more
Take-up of office space in Leeds city centre during 2012 totalled 405,951 sq ft, according to the Leeds Office Agents’ Forum. This is the largest total for four years and compares with the 398,159 sq ft reported for 2011. The market for ... Read more
DTZ expects that capital values for UK secondary commercial property, which have been hit hard by the recession, will remain under pressure this year, but will start to recover from 2014 – at which point they are forecast to start to outperform prime ... Read more
Transaction volumes in the Central London property investment market during Q4 2012 rose to £14bn, the third-highest total on record after £17.5bn in 2007 and £15.5bn in 2006, says CBRE. Michael Edwards, executive director, Central London capital ... Read more
The British Property Federation has responded positively to the government’s proposals to introduce new permitted development rights to convert office space into residential property without requiring planning permission. It says the move will boost ... Read more
Land Securities this week reported that it had performed well during the final three months of 2012 – the third quarter of the group’s financial year. In a “difficult” market, the group said interest levels in its London offices and retail portfolios ... Read more
