Edward Cooke, executive director of the BCSC, says there is need for action by the new coalition government in the UK on business rates, to alleviate the cost burden on occupiers – which is stifling the recovery in many areas of retail ... Read more
Leasing activity in the industrial property market has been boosted by a revival in the UK’s industrial output, says CB Richard Ellis. New research from the property consultancy says that the take-up of logistics property in Q1 2010 jumped to 4.5m ... Read more
Two Midlands property companies are to merge, creating a major player in the Birmingham property market. Property consultant Phoenix Beard is to join forces with agency and investment specialist GBR, to become known as GBR Phoenix Beard, with effect ... Read more
After last week's strong results from major UK property companies, which highlighted the forthcoming scarcity of Grade A office space in London, Jones Lang LaSalle is pointing at the potential of refurbished and improved Grade B stock, given the ... Read more
The extent of the bad debts among loans made by UK banks to the commercial property sector is only just being recognised, says new research published today in Property Week. The report shows why banks are only considering the very safest loan ... Read more
Yesterday the Cheesegrater, today the Walkie Talkie. Land Securities is dusting off plans to develop its unusually-shaped tower at 20 Fenchurch St in the City of London, joining the list of key sites that look set to be restarted as demand rises for ... Read more
The rapid bounce-back in commercial property pricing at the end of last year has run its course, giving way to “more sedate” growth in recent months, says the IPD in its latest UK Monthly Index report. The 0.8% rise in capital values recorded for ... Read more
British Land pleased investors this morning with stronger than expected results for the year to March 31. It said NAV had risen 27% to 504p and its portfolio valuation had grown 13.5% over the year. The group is considering restarting work on its ... Read more
It is not clear where the drivers of office space take-up will come from in the UK’s regional office markets this year, says Jones Lang LaSalle. Insurance, recruitment and media companies have been the most active sectors in the regional office ... Read more
