Take-up of office space rebounded during 2010 in the Western Corridor, says Jones Lang LaSalle, with almost 2.1m sq ft of offices let in the region west of London. The firm’s latest research into the sector in this area shows that take-up was 65% ... Read more
More major property deals are on the cards: Minerva told the Stock Exchange on Friday that it is in very early discussions that may lead to a take-over, while CBRE has reportedly become the favourite to acquire most or all of ING's real estate ... Read more
Colliers International, which has been tracking the level of retail voids in a sample of 15 towns across the UK for four years, says the broader picture is not as negative as might be suggested by headline figures. The proportion of vacant retail ... Read more
Rental growth in the market for available office space in Central London will be driven by a lack of grade A space this year, with Jones Lang LaSalle forecasting that West End office rents will reach around £95 per sq ft in larger units and above ... Read more
British Land yesterday announced it had agreed with The Portman Estate to buy and redevelop the Marble Arch House site in London’s West End. It has detailed planning consent for a development of office space, retail premises and luxury apartments on ... Read more
Simon Property Group has walked away from a bid for Capital Shopping Centres. The UK shopping mall group had refused to allow it to conduct due diligence on its books, which Simon had made a precondition of any formal offer. Simon, which has a ... Read more
Last year saw overall commercial property values rise 8.9%, says CB Richard Ellis, with total returns at 16.1%, boosted by a 27.3% jump in returns for Central London offices. In December values for the CBRE Monthly Index grew by 0.6%, with the ... Read more
In the last of our series looking at some of JLL’s property predictions for 2011, Charles Miller says times are expected to get tougher for retailers this year given the VAT increase, rising inflation, and the public-sector spending cuts (and ... Read more
Mark Bourne, partner in the JLL office agency, predicts that 2011 will be the year of the super-prime rent in London, as a shortage of the best office space drives up rent levels for core locations and trophy buildings. He also expects this to be the ... Read more
While most people are winding down ahead of a few days’ holiday over the next week or so, the property industry’s dealmakers show no sign of slowing down. Among the various developments in the headlines there is the prospect of a truly enormous ... Read more
