Some occupiers and prospective purchasers of UK commercial property still view the green credentials of a property as a ‘nice to have’ rather than a ‘need to have’, which implies that investment in sustainable development has in general failed to ... Read more
This week the international property and investment trade fair Expo Real is being held in Munich on 8-10 October, with 1,700 exhibitors from 31 countries registered to attend. This is 5% more than last year, with an increased presence from Italy, ... Read more
British Land and Norges Bank Investment Management (NBIM) have signed a new joint venture agreement for the Meadowhall shopping centre, after London & Stamford sold its 50% stake in the Sheffield retail property to the Norwegian investment ... Read more
Google is about to do one of the largest occupational deals ever seen in London by buying a £550m new office property in London, according to reports today. The Telegraph says the internet giant is to acquire a 999-year lease on Block A at the Kings ... Read more
Knight Frank this week reported 8% growth in group turnover for the year to 31 March 2012, to £333.9m, and a fall in pre-tax profit to £95.9m from £101.9m the previous year. The company said its international links had boosted its results and said it ... Read more
Hammerson has continued its strategy of focusing on retail assets with the sale of the office property in London at 10 Gresham Street, EC2 for a total of £200m to Malaysia’s state pension fund, representing an initial yield of 5.25%. The building ... Read more
St Modwen Properties is now focusing on development profits for 2013 and beyond, after making progress on its current commercial land and development projects to the point where its pipeline is secure for 2012 “and expected to deliver profits ahead ... Read more
British Land announced today that it has sold the Beehive Centre for £109.2m to Orchard Street Investment Management. The 238,000 sq ft part open consented retail property in Cambridge comprises 16 units with an Asda food store as the anchor store. ... Read more
The latest Drivers Jonas Deloitte UK Cities Crane Survey for 2012 shows that activity levels remain low across all UK property sectors. The survey, which monitors development levels of property in Manchester, Leeds, Birmingham, Glasgow and Edinburgh, ... Read more
At last week’s World Retail Congress, Sir Philip Green said there were too many retail outlets chasing too few shoppers, with the number of customers remaining flat since the financial crisis. “It’s a competitive market place with too many shops,” he ... Read more
