St Modwen Properties, which specialises in regeneration, today reported a return to full-year pre-tax profit of £37.5m for the year to 30 November 2010 (2009: loss £119.4m) and a 9% increase in net assets per share to 218p. The company issued a ... Read more
The RICS survey of the UK construction market for the fourth quarter of 2010 shows that the private sector is not at present filling the gap left by cuts in public-sector construction activity. The survey shows that activity overall continued to ... Read more
In the final quarter of 2010, All Property total returns slowed to 2.2% from 2.4% the previous quarter, according to the Jones Lang LaSalle Quarterly Index. The firm noted that following a better performance by all sectors in December, capital value ... Read more
The government has appointed Savills and Jones Lang LaSalle as its advisers as it sets up property vehicles to cut millions of pounds of costs from the running of the public-sector property portfolio. Property Week reported yesterday that Deloitte ... Read more
Knight Frank, which today held its annual Central London Office Market Breakfast, cites a “severe imbalance” between supply and demand for high-quality office space, and growth in market sectors such as technology, media, telecoms and financial ... Read more
JLL’s latest research on trends in the office occupier market shows that at 3.3m sq ft, take-up of office floorspace in the UK during Q4 2010 was the best quarter of last year, and the highest level achieved since Q2 2007. The strong final quarter ... Read more
Savills says rents for available office property in the City of London will “kick up” to £65 per sq ft by 2012, with rents for West End offices set to rise to £111 per sq ft. At its annual client presentation in conjunction with Oriel Securities in ... Read more
Great Portland Estates today said it expected “supportive” conditions to persist throughout 2011, after issuing an update on its progress during the final quarter of 2010. It said it had seen a pick-up in leasing activity in its central London ... Read more
Lambert Smith Hampton says investors in commercial property are expected to turn their attention to prime real estate beyond the confines of central London this year. In its UK Investment Transactions (UKIT) Quarterly Bulletin for Q4 2010, the ... Read more
CBRE has published research further highlighting the strength of the office and retail markets in central London compared with weakness seen elsewhere. With concerns about consumer confidence persisting, it is no surprise that high-street shops ... Read more
