Press reports indicate that a major deal is about to go through on Birmingham’s Brindleyplace mixed-use estate, involving the sale of eight of its 11 office complexes. It has been reported that Moorfield and Hines have lined up a £200m bid. The ... Read more
Lambert Smith Hampton has been busy collating data for the UK market for office space to buy and for let, and says the market took its first steps towards recovery after take-up reached 5.5m sq ft in the first quarter of this year. LSH says in its ... Read more
The Emergency Budget numbers have been crunched, the results are in, and the verdict is…well, we all knew it was going to hurt, and it is indeed going to be painful. For those masochists among you who would like to dwell on the finer points, ... Read more
Fund manager Scottish Widows Investment Partnership (SWIP) says that the prospects for the UK commercial property market remain “encouraging” for the long term. Its latest research, covering the outlook for the next five years, includes a forecast of ... Read more
In further reaction to today’s Emergency Budget (see below), the British Retail Consortium has said the Chancellor was right to use public spending cuts as the main means for addressing the deficit, but argues that the VAT increase to 20% is ... Read more
While many of the measures announced by Chancellor George Osborne in his Emergency Budget today appear to be broadly in line with expectations, the increase in Capital Gains Tax at midnight tonight to 28% from 18% for higher-rate taxpayers is of key ... Read more
National Grid is close to getting the go-ahead for a 1m sq ft business park in Greater Manchester on the site of an old gas production and storage facility, according to press reports. Development looks likely to take place in stages over several ... Read more
JLL is celebrating the 21st year of its Southampton office with the publication of its South Coast Metropole 2010 report, a large tome including details of all key transactions in the region during the past year and the group’s thoughts on the ... Read more
Property development group Hammerson has agreed the £65m purchase of the long leasehold interest in Leadenhall Court, a City of London office building, from Ernst & Young, the receivers handling the White Tower CMBS portfolio. Leadenhall Court ... Read more
JLL says that thanks to the difficulties in obtaining debt finance over the past two years, the speculative development pipeline for City of London offices will deliver only modest volumes of office space by 2015, at a time when a potential 8m sq ft ... Read more
