There are already around 100,000 sq ft of deals in the pipeline for this quarter within the prime core Birmingham offices market, says Savills, and this could take year-end take-up to 50% above the total seen last year. But year-end total take-up for ... Read more
British Land has reported a very slight increase in NAV during the first half of its 2012/2013 financial year, at 596p – up 1p from a year earlier. The group said the value of its portfolio was almost unchanged year-on-year at £10.388bn (£10.337bn) ... Read more
CBRE, which acquired Frank Warwick in September, has announced the acquisition of Central London specialist property partnership EA Shaw. It said the deal would complement its market-leading position in the West End, City and East London ... Read more
The latest Commercial Development Activity Index from Savills shows that there was another increase in total commercial activity during October, with the net balance of the index reading +11.0% last month after +9.9% in September. Private-sector ... Read more
Yields on retail warehouse property have been softening in a reflection of concerns about certain covenants and potential over-renting, says Knight Frank, but there is strong investment interest in good-quality leisure property, to the point where ... Read more
Cushman & Wakefield’s latest research, unveiled at MAPIC this week, shows that luxury retail property has been a pocket of growth in a largely subdued sector. Rental growth for space in top luxury shopping streets in Europe is up 4.5% in the year ... Read more
Manchester could soon be facing an undersupply of built Grade A office space, says GVA, if current office absorption rates continue. The firm’s latest research into the market for available office space in Manchester shows that the shortage of Grade ... Read more
DTZ says take-up of office space in the UK regional office market increased in Q3 to 930,000 sq ft, compared with the 10-year quarterly average of 1m sq ft. But the firm expects the full-year figure to be subdued at around 3.5m sq ft – the lowest ... Read more
Total returns from UK commercial property improved last month, reaching a ‘modest’ 0.4% according to the latest CBRE Monthly Index after September’s 0.2% return. Capital values at the All Property level also improved as the decline slowed down to ... Read more
Activity in the Central London offices market was subdued during the third quarter, says Jones Lang LaSalle, with 1.6m sq ft let across 88 transactions. Volumes were a third below the quarterly average and this was the lowest Q3 total since 2003. ... Read more
