British Land says the 0.3% increase in its NAV during the past quarter to 593p and 6.3% growth in underlying pre-tax profit to £68m reflect the resilience of its business in a tougher economic environment. But in the near term, given the unresolved ... Read more
“Overall, the number of high-profile casualties both before and after Christmas has not been a surprise. It is now time for landlords to pick up the pieces and examine the prospects for newly vacant units,” said DTZ in its recent comments on the ... Read more
St Modwen Properties today reported full-year results showing a 34% increase in pre-tax profits to £50.4m and 9% growth in NAV. The company issued an upbeat outlook for this year, saying that it had a secure development programme in place with ... Read more
Take-up of industrial property across the UK during Q4 2011 reached 7.45m sq ft, says DTZ – the highest quarterly total for more than a year. The firm, now part of UGL Services, says that despite this high fourth-quarter figure, the total take-up for ... Read more
Knight Frank’s annual Central London breakfast, held earlier this week, suggests that ‘Silicon London’ may be gaining in popularity. While take-up of Central London office space fell 27% in 2011, to 10.7m sq ft, demand from the technology sector ... Read more
Lambert Smith Hampton’s team covering the market for industrial property and logistics property for sale and to let on the South Coast has been considering the prospects for this year. Director Adrian Whitfield says there was a fall in transaction ... Read more
Knight Frank expects occupier activity in the market for office space in the M25 region to be largely driven by lease events this year, as opposed to business growth. For 2013-2015 the firm expects a spike in lease event-driven demand as historic ... Read more
Looking at retailers’ recent trading results, Savills says “Christmas 2011 leaves a market place for 2012 where sentiment continues to be very fragile”. It feels that occupiers and owners of high-street shops “will need to tread very carefully in ... Read more
Development of the new 700,000 sq ft Broadgate office property in the City of London will now get under way, after British Land and Blackstone satisfied the remaining outstanding conditions on their pre-let agreement with UBS for the bank’s new HQ at ... Read more
Some helpful advice for landlords of vacant commercial property this week, from DTZ. With the number of vacant properties on the rise amid the economic downturn, the firm has taken a look at how to reduce the risks associated with an empty commercial ... Read more
