Hammerson has exchanged contracts to acquire the Victoria Quarter in Leeds for £136m to complement its plans for the first phase of the Eastgate Quarters scheme. This development is next to the Victoria Quarter, and the company says this purchase ... Read more
In our second look at CBRE’s research into regional office markets, we start with Manchester, where take-up of office space at the end of the first half of this year was 296,000 sq ft, which is 21% below the long-term half-year average, CBRE says. ... Read more
Land Securities today said it was “pleased with progress” as it reported £9.3m of development lettings signed during the three months since the start of April, £5.8m of which were within its London portfolio and £3.5m across its retail properties. A ... Read more
GVA’s latest quarterly review of the nine largest UK regional office occupier markets has found that prospects have brightened considerably since the end of 2011. The firm says take-up was average during Q1 2012 at 1,611,000 sq ft, 2% above the ... Read more
Cushman & Wakefield has won the contract to provide property management services to The Crown Estate’s £1.5bn regional portfolio for the next five years. C&W will provide finance and business support as well as property and facilities ... Read more
New research by Cushman & Wakefield into the UK market for shopping centre retail property shows that development has slowed to a crawl, with the total pipeline for this year expected to be just 31,500 sq m. This is the lowest annual total since ... Read more
It will be a year of refurbishment rather than new development for regional UK markets for office space, says Jones Lang LaSalle. The firm says that just six offices schemes started speculatively last year across the six regional office markets it ... Read more
Segro has sold a portfolio of UK industrial assets to two property funds managed by Ignis Asset Management for £80.2m. Segro says this is part of its new strategy to focus its industrial portfolio on London and the South East. The five non-core UK ... Read more
Take-up of office space in Manchester city centre is expected to total around 700,000 sq ft for 2011, which would be 30% below the long-term average of 990,000 sq ft and almost half the level recorded in 2010, says Lambert Smith Hampton. But the ... Read more
Lambert Smith Hampton has identified key locations in the UK where it says developers of office space should start building now, in order to benefit from shortages of stock ‘when the upturn in demand returns in 2014’. The firm says there is only 1m ... Read more
