Savills’ latest report on the market for office space in the City of London notes that take-up in December reached 500,000 sq ft, taking the total for 2012 to 4.63m sq ft, back in line with the ten-year average and 18% above the previous year’s ... Read more
Take-up of office space in Leeds city centre during 2012 totalled 405,951 sq ft, according to the Leeds Office Agents’ Forum. This is the largest total for four years and compares with the 398,159 sq ft reported for 2011. The market for ... Read more
Transaction volumes in the Central London property investment market during Q4 2012 rose to £14bn, the third-highest total on record after £17.5bn in 2007 and £15.5bn in 2006, says CBRE. Michael Edwards, executive director, Central London capital ... Read more
Ryden and Knight Frank have negotiated the sale of a 11,700 sq ft new-build industrial unit in Aberdeen, at Stockland Muir’s £100m Aberdeen Gateway business park development Oilfield services firm Coretrax has acquired the property, which includes ... Read more
The British Property Federation has responded positively to the government’s proposals to introduce new permitted development rights to convert office space into residential property without requiring planning permission. It says the move will boost ... Read more
Land Securities this week reported that it had performed well during the final three months of 2012 – the third quarter of the group’s financial year. In a “difficult” market, the group said interest levels in its London offices and retail portfolios ... Read more
Jones Lang LaSalle says 2012 was a solid year for the Western Corridor office market, with total take-up of 2.0m sq ft across the market. This was in line with the five-year annual average, the firm says. In the West London offices sub-market, ... Read more
There was a further 0.3% decline in property values in December, says the IPD, taking values at the headline level for the full year to minus 4.2% in what it describes as a “challenging year for the UK commercial property sector”. The retail sector ... Read more
UK commercial property produced a total return at the All Property level of 0.3% in December, following a 0.2% return in November, says CBRE. The firm’s Monthly Index last month showed a continued decline in capital values, which fell 0.2% in ... Read more
Colliers International calculates that take-up of office space in the West End of London in the final quarter of 2012 was down significantly from the previous quarter’s strong total, due partly to lengthy negotiations on some deals. Expectations that ... Read more
