The British Property Federation/ IPD annual lease review for 2011 shows that the average length of lease increased to 5.3 years in 2010/11, from 5.0 years in 2009/10, measured on an equally weighted basis and including the first break where ... Read more
Going beyond the basics when refurbishing a property can reduce void periods, says Savills, as occupiers are increasingly showing a preference for greener buildings. Savills notes that new legislation, if passed, will make the leasing of a property ... Read more
Lambert Smith Hampton and Haslams have jointly completed a 207,000 sq ft industrial pre-let at the Suttons Business Park in Reading, which the firms say is the largest deal of its type ever done in Reading. Standard Life Investments is to develop ... Read more
GVA expects shortages of prime property to become an increasing feature in the UK market, despite the slow nature of the economic upturn. Development levels were already low before the recession and are unlikely to increase quickly, given the ... Read more
There is 2.8m sq ft of available office space in Edinburgh, but Grade A space makes up only 25% of this total, says Savills. In its latest research into the market for Edinburgh offices, the firm says availability has continued to fall in the central ... Read more
Amid the rash of property company results this week, Property Week has today reported the collapse of Parkridge Holdings – John Cutts’ property company, which is being described as the largest casualty in the property industry since Lehman Brothers ... Read more
DTZ says prime UK property now offers better value for investors than in the first quarter of 2011, with its Fair Value Index score rising to 50 for Q2 2011, from 28 in Q1 2011. The firm says the improved score reflects the fall in UK bond yields ... Read more
The British Retail Consortium’s latest research indicates that the national shop vacancy rate on the UK’s high streets and shopping centres in May this year was 11.2% – with the highest regional rates for vacant retail property in Northern Ireland ... Read more
The Financial Times reports today that the developers of One Hyde Park have sold the Rolex flagship retail unit sited beneath the luxury apartments there, to Grigory Guselnikov, a Russian investor, on behalf of the newly formed Williston Properties ... Read more
Demand for office space in central Leeds is rising, according to the latest research on the city by Colliers International. The firm says total absorption rose by 141,482 sq ft during the first half of 2011 – the largest increase in office occupancy ... Read more
