Stock in the Midlands industrial and distribution market is drying up, according to CB Richard Ellis, after strong take-up rates in Q4 2009 and the first quarter of 2010. Mike Stephens, valuation advisory director at CBRE’s Birmingham office, told ... Read more
UK commercial development activity in June fell for following two months of growth, says Savills, with public-sector activity plummeting while private-sector development actually increased for the 11th month in a row. The group notes that just ... Read more
Cushman & Wakefield says London remains a key city in which to do business – investment activity in the capital’s commercial property market remained at a high level during the second quarter of 2010, with £2.78bn transacted in the key City, ... Read more
More commentary in the mainstream press today about the recovery in the UK’s commercial property market, particularly in the City, and how it may already be running out of steam. The Guardian cites a report out today from NB Real Estate saying that ... Read more
Available office space in Central London fell to its lowest level for two years in June, says CB Richard Ellis. The group’s monthly overview of the Central London office market reports that availability fell by 0.5m sq ft in June to 15.8m sq ft, ... Read more
The Telegraph reports today that law firm McDermott Will & Emery has signed up to become the first tenant of the Heron Tower in London, paying the highest rent per sq ft since the onset of the economic downturn in the UK. The firm has agreed to ... Read more
CB Richard Ellis has poached Neville Moss from Jones Lang LaSalle to become its new head of retail research for the Europe, Middle East and Africa (EMEA) region. Moss formerly held the same role at JLL. CBRE says he has more than 20 years’ ... Read more
While fund managers’ confidence has been shaken in recent months by the economic downturn, major businesses still appear optimistic – particularly regarding their own prospects. These are among the findings of the latest quarterly Lloyds Banking ... Read more
Moorfield and Hines have today confirmed their £200m purchase of eight buildings on the Brindleyplace estate, as rumoured earlier in the week. For more details, see Property Week. ... Read more
North West property experts Place North West have interviewed a number of property professionals in the region to look back over the first half of 2010 and give their views on prospects for the rest of the year. The scale of public-sector cuts to ... Read more
