CBRE has issued updates on several key regional office markets. It says take-up of city-centre offices in Birmingham reached 169,183 sq ft in Q3, which was 7% more than in Q2 but down 27% from Q3 2010. The total of available office space has declined ... Read more
Development activity for shopping centres in the UK is subdued, and is expected to remain so for the foreseeable future, says Cushman & Wakefield. In its latest research into the sector, C&W notes that shopping centre provision increased by ... Read more
Amid the rash of property company results this week, Property Week has today reported the collapse of Parkridge Holdings – John Cutts’ property company, which is being described as the largest casualty in the property industry since Lehman Brothers ... Read more
DTZ says prime UK property now offers better value for investors than in the first quarter of 2011, with its Fair Value Index score rising to 50 for Q2 2011, from 28 in Q1 2011. The firm says the improved score reflects the fall in UK bond yields ... Read more
Rent levels for available office space in the UK are rising, says Jones Lang LaSalle. While occupiers can still obtain good incentives in some regional centres, the window of opportunity is expected to close as the lack of speculative new development ... Read more
CACI’s Retail Footprint 2011 report, released last week, says the shopping centres in Bexleyheath, Southport, Blackpool, Wigan and Maidstone are under the most pressure from the “squeezed middle” shoppers who are reining in spending amid the economic ... Read more
Minerva, which specialises in office and residential developments in the City and West End of London, today announced a 2.8% increase in the valuation of its investment properties, and a 3.7% rise in the value of its trading portfolio, during the ... Read more
Land Securities has announced the start of work on its site at 123 Victoria Street in London SW1 after planning consent was granted last week by Westminster City Council. The 227,000 sq ft office and retail building from the 1970s will be completely ... Read more
Another shopping-centre deal was announced today – NewRiver Retail has bought a portfolio of five shopping malls for £53m from the CPI Retail Active Management (CReAM) fund. The centres are in Bramley in Leeds, Burgess Hill in West Sussex, Erdington ... Read more
London still offers attractive investment opportunities, with City office space and West End offices classed as HOT under DTZ’s Fair Value Index for the third quarter. These are the only two HOT UK office markets, according to the firm’s ... Read more
