Songbird Estates, the majority owner of the Canary Wharf development in London, on Friday announced a return to profit for 2009 as the upturn continued in the market for office space to let in the capital. The group said its rental income for the ... Read more
Shortages of prime industrial space could mean that speculative development restarts in some areas of the UK as soon as the end of 2010, says Lambert Smith Hampton in new research published today. LSH’s National Industrial and Distribution Report ... Read more
A report on civil service relocations, released to coincide with yesterday’s Budget, recommended that 15,000 government jobs are moved outside London during the next five years. Some rather timely research from Cushman & Wakefield says that ... Read more
Office business parks are struggling to keep up with the improvement in the commercial property market seen across the UK, says James Petherick at GVA Grimley in Cardiff. While Central London offices have seen a sharp jump in performance in recent ... Read more
HSBC has appointed John Herbert to the newly created role of global head of real estate. The banking group said Herbert would be overseeing all its real estate activities globally and helping to drive the creation of a coherent, international real ... Read more
Just back from the FSB conference in Aberdeen, where we enjoyed really great weather (well, considering we went North not South, it was better than expected…) I made a good deal of great contacts and even met Lorraine Kelly (as you can see below) ... Read more
Now the sweeping-up has begun after MIPIM 2010, investors and potential delegates are looking forward to next year’s get-together. The UK is to be the Guest of Honour at the property networking event in 2011 and the concluding tone of this year’s ... Read more
As recently noted by DTZ, office property remains a tenants’ market. Occupiers face the widest choice and the most attractive rents and incentives for years, the latest report on the UK office property market from King Sturge says, but signs of ... Read more
CB Richard Ellis has published research showing that tenant demand for office space to let in Central London remained strong in February, with take-up still above 1m sq ft, for the third month in a row. “With under offers rising in February and ... Read more
As the weary hordes head home from MIPIM, talk has turned to the costs of sending all those regional council delegates to the Cannes networking event. Property Week points out that the UK had more local authorities represented at MIPIM 2010 than any ... Read more
