DTZ has appointed Andrew Heath, previously national partner in Strutt & Parker’s office agency and development team in London, to head its office agency team in Bristol. Heath joins the company, now part of Australia’s UGL group, as ... 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
Jones Lang LaSalle is predicting that large-scale lease expiries or break clauses could threaten a recovery in the UK commercial property market, if occupiers take the opportunity to downsize. The Telegraph reports that JLL has calculated a total ... Read more
Many corporate occupiers will be seeking to reduce costs this year, but Jones Lang LaSalle says the shortage of high-quality office space in a growing number of markets means that it will be more difficult for them to make savings. The scarcity of ... Read more
Thank you to all those that use NovaLoca to find or advertise commercial property! We hope we have made it easier for occupiers to find new business premises and we look forward to doing our bit to encourage more deals in 2012. Our offices are now ... Read more
As you tuck into the mulled wine and mince pies, consider this reminder on energy efficiency from Lambert Smith Hampton. The firm is warning owners of properties with poor energy ratings that they should act promptly to improve them, or risk being ... Read more
New research from DTZ has concluded that nearly 70% of UK office stock is poor-quality, secondary floorspace – Grade C. In contrast to what you might think, availability of this class of office stock is only 3.5%, much lower than for Grade A (12%) or ... Read more
