Andrew Jones, who previously ran the £5bn retail property portfolio at British Land, is heading up a new company called Metric Property that has plans to float on the London Stock Exchange in a £150m IPO. Metric Property is hoping to take ... Read more
After a slower than expected start to 2010, the CB Richard Ellis Monthly Index for commercial property showed an acceleration in capital growth for February. Capital values rose by 1.4% last month, producing total returns for All Property of ... Read more
UK regional office take-up fell 20% in 2009 compared with the previous year, according to DTZ Research. The latest market update for nine UK cities, reported by the Western Mail, shows that take-up fell on aggregate across all nine key regional ... Read more
At the BCSC Shopping Centre Management Conference being held this week, speakers have referred to a range of reasons for caution about the short-term outlook for retail property in the UK. However, they have also stated their belief that brighter ... Read more
London’s famous Liberty department store building has reportedly been put up for sale. Knight Frank has been appointed as agent and has placed a price-tag of £40m on the Tudor-style landmark, according to press reports. The building is sited just off ... Read more
Oliver Whitehead, chairman of property investment and development group Minerva, says that there is “real and growing evidence to show that we have now passed the cyclical low in the commercial property market.” Whitehead was speaking as Minerva ... Read more
The latest research from Cushman & Wakefield suggests that while average retail property rents continued to fall in 2009, the pace of decline is slowing and some stabilisation can be expected this year. In the final quarter of last year rents ... Read more
The latest survey of occupier trends published by King Sturge last week shows that demand for office space in the UK fell by 21% in the second half of 2009. There were sharp differences between sectors, with the financial services sector taking up ... Read more
Writing in today’s Liverpool Daily Post, Stephen Robertson, director-general of the British Retail Consortium, issues a plea for better care of our High Streets. He points out that while 12% of retail space for sale or to let is vacant across the UK, ... Read more
Up to one in five shops lies empty across Kent, the Midlands and the North East. This is the downbeat finding of the latest Local Data Company (LDC) report, which shows that vacancies have continued to rise during the past two quarters – although the ... Read more
