Development Securities’ latest ‘Who Owns The City?’ report, its fourth in a series that began in 1998, shows that for the first time foreign ownership of City office property has overtaken the level of UK ownership of offices in the Square Mile. Just ... Read more
Tuckerman has recently let the sixth floor of Westminster Tower on the Albert Embankment in London SE1 to SPARKS on behalf of CLSH Management. The lease of the 3,118 sq ft property is at a rent of £26 per sq ft. For additional properties available to ... Read more
Tuckerman has let the ground floor office suite of 1,652 sq ft at 36-38 Botolph Lane in London EC4 to Catch 22 on a five-year lease with a three-year break for £21 per sq ft. Tuckerman acted on behalf of Parkwell Management Consultants Limited and ... Read more
The IPD this week noted the cooling in rental values for available office space and retail property in Central London during October, saying that concerns have been increasing in recent months about a “pricing bubble” in the capital. The ongoing ... Read more
Derwent London today announced it had cut its vacancy rate to just 0.8% as of 30 September, compared with 4.0% at the end of June and 5.9% at the start of the year. The strength of the market for available office space in Central London has boosted ... Read more
DTZ says activity in the market for office space to let in Nottingham was very subdued in the third quarter, with only three city-centre transactions. “Occupiers are still often using lease breaks and expiries to negotiate better terms with existing ... Read more
As MAPIC gets under way in Cannes, Cushman & Wakefield says some European retailers faced with negative retail sales at home are increasingly turning to Asia in the search for growth. But while international brands – not just luxury ones – have ... Read more
British Land and Oxford Properties today announced agreement on the pre-letting of 191,000 sq ft to insurance group Aon at their joint development, the Leadenhall Building in the City of London. The letting represents over 30% of the 610,000 sq ft ... Read more
SBH Page & Read has let 82 London Industrial Park on Roding Road in Beckton, London E6. The 5,626 sq ft property has been let on a five-year lease to Marl Tech Limited at a headline rent of £45,300, or £8.05 per sq ft. NovaLoca has full ... Read more
Total returns from UK commercial property across all markets so far this year have reached 7.1%, with capital growth of 2.0%. For October, total returns were 0.6% (as in September) following another strong performance from Central London offices in ... Read more
