The property industry has reacted positively to the government’s release yesterday of its draft National Planning Policy Framework – an overhaul of the UK’s planning regulations that seeks to simplify and streamline the current system. More than a ... Read more
Lambert Smith Hampton reports that distressed sales are gaining pace in the UK, with distressed investment transactions accounting for just under £1bn of the £6.6bn seen in the second quarter of this year. The firms’ UK Investment Transactions ... Read more
Prime occupier markets were weaker overall during the second quarter, says the latest Prime Rent and Yield research from CBRE, as a result of the renewed decline in rental values after a period of rental stability. The decline in prime rents in the ... Read more
The Times reports today that Union Investment, one of Germany’s largest property fund managers, is poised to fund the speculative development of a STG 150m office building in Manchester. It is in advanced talks with developer Allied London about ... Read more
The Western Corridor region – encompassing west London and the Thames Valley – saw a strong increase in active named occupier demand during the second quarter, says recent research from Jones Lang LaSalle. The firm says occupier demand for offices in ... Read more
Land Securities today said it had stepped up its activity in retail development, mostly in edge-of-town locations, and now had a £275m, 1m sq ft pipeline of opportunities to meet the growing demand from food and fashion retailers for space. Chief ... Read more
The yield gap between prime and secondary retail property widened further during the second quarter of 2011, as investors continued to seek good-quality, well-let properties – assets that are in short supply. DTZ’s Q2 Retail Investment Market ... Read more
Construction activity in the private-sector office market is beginning to pick up, bucking the weak trend in other sectors, says Savills in its latest Commercial Development Activity report. Five of the nine sub-categories of commercial development ... Read more
In its annual Thames Valley Office Market report, Lambert Smith Hampton says the region is recovering from its 2009 low, with office take-up in 2010 totalling nearly 2m sq ft and this year continuing in a similarly positive tone, with 700,000 sq ft ... Read more
Development Securities is going into partnership with S Harrison Developments to develop the Friarsgate Shopping Centre in Lichfield. The listed company announced today that the 50:50 partnership would develop the retail-led scheme encompassing ... Read more
