“A pocket of firm, steady growth in an otherwise confused picture”. So says Savills, describing the Central London retail market, which it says remains one of the most resilient markets of its type against a background of economic turbulence. The ... Read more
New data from Jones Lang LaSalle shows that technology, media and telecoms companies are increasingly thinking about moving or expanding beyond the West End of London, where prime rents have hit £95 per sq ft and supply remains constrained. JLL ... Read more
Take-up of office space in Central London during November was higher than in any other month in 2011, as leasing activity bounced back after a weaker October, says CBRE. Take-up reached 1.1m sq ft in November, up 80% from the previous month. The ... Read more
The IPD has added its significant voice to recent reports indicating a slowdown in the UK commercial property market. The company’s UK Monthly Index has recorded a total return of 0.5% for November, entirely due to income return. The slight ... Read more
CBRE’s latest Monthly index shows that UK commercial property values were flat during November, after seven months in a row of incremental capital value increases. Overall total returns were 0.4% for November, down from 0.6% in October. Year-to-date ... Read more
Savills says the rise in “economic turbulence” has led many investors in UK commercial property to delay their decisions. It notes that the average prime yield remained at 5.57% in November, which is a difference of less than 25bp compared with a ... Read more
Despite an increase in leasing activity for industrial properties during the third quarter of the year, from demand held over from the uncertain economic situation during the second quarter, DTZ says industrial rental growth as of the end of October ... Read more
The uncertainty triggered by the deepening eurozone crisis and the lack of growth in the UK economy has exacerbated the ongoing lack of liquidity and increasing costs of capital in the property lending market, finds the latest report from De Montfort ... Read more
Capital Shopping Centres yesterday announced it has submitted a planning application to extend the Lakeside shopping centre in Thurrock, in a £180m scheme that would add 325,000 sq ft to the centre, increasing its size by nearly a third. The ... Read more
The supply of investment property has increased, but finance has if anything become even harder to obtain, says Cushman & Wakefield in its latest report on the UK property investment market. Some sellers of investment property emerged during ... Read more
