Take-up of office space last year in the Thames Valley region was flat year-on-year, says Lambert Smith Hampton. The firm’s data shows that take-up for 2011 was 1.7m sq ft, the same as for 2010, against a backdrop of economic downturn. In the ... Read more
Accenture has agreed a 10-year lease on Cobalt 15a, a building providing 30,515 sq ft of office space on the Cobalt business park in Newcastle. The property will initially accommodate 250 staff but the global management consultancy group is expected ... Read more
Take-up of office space in Leeds city centre reached 87,050 sq ft in the final quarter of 2011 according to the Leeds Agents Forum as reported by Jones Lang LaSalle. This figure takes the full-year total to 398,159 sq ft transacted across 106 deals. ... Read more
RICS says commercial property rental expectations have fallen to their lowest since Q3 2009 as a result of lower occupier demand and the increasing availability of commercial property to let. Significantly, London and the south of England no longer ... Read more
London & Stamford, which together with a Middle Eastern partner owns half of the Meadowhall shopping centre near Sheffield, is to put its stake in the mall on the market with a price tag of more than £1.6bn, according to the Sunday Times. The ... Read more
Commercial property markets in the UK during December followed the pattern seen in previous months, with total returns of 0.5% and no overall change in capital values, says CBRE. CBRE’s Monthly Index for December shows that total returns for the ... Read more
Cushman & Wakefield says investors continued to view the Central London commercial property market as a safe haven in 2011, with total investment volumes for this market reaching £10.9bn for the year, up from £9.9bn in 2010. With returns from ... Read more
Occupiers have already reduced their office space requirements as they seek to drive down costs. The ongoing effects of portfolio rationalisation, flexible working and more efficient use of space, coupled with the subdued economic conditions, imply ... Read more
Take-up of office space in Manchester city centre is expected to total around 700,000 sq ft for 2011, which would be 30% below the long-term average of 990,000 sq ft and almost half the level recorded in 2010, says Lambert Smith Hampton. But the ... Read more
Savills has acquired investment and asset management business Gresham Down Capital Partners. The company provides investment advisory and brokerage advice focused on the Central London commercial property market, with domestic and international ... Read more
