Derwent London, which specialises in central London property investment and regeneration, has agreed to buy Central Cross, 18-30 Tottenham Court Road and 1-2 Stephen Street, London W1 for £146m before costs. The key West End office, retail and ... Read more
DTZ’s second-quarter reports on the market for office space in the UK regions show that occupier sentiment clearly took a turn for the worse in many cases, and tenants were hesitating to commit to deals. While 2009 probably marked the lowest point ... Read more
Miller Birch Developments has agreed a deal with E.on for a new 105,000 sq ft office building in Nottingham – a transaction viewed by many as the key deal of the year in the market for office space in the city. JLL says its Nottingham office, ... Read more
It’s Friday! Time for a bit of gloom. Today brought to you by RICS, which says demand from tenants for commercial property fell in the second quarter – the first decline in a year. This has of course boosted the rumblings of concern that the recovery ... Read more
Great Portland Estates chief executive Toby Courtauld describes the current sentiment in the London commercial property market as a “less urgent mood” and says he expects this to persist for the rest of the year. In an update on trading issued to ... Read more
Jones Lang LaSalle says rents for office space in the West End of London have risen for the first time in three years, driven by several deals amid limited availability. Prime office rents in this area of London were up 13% in the second quarter to ... Read more
As predicted in the national press, Land Securities today confirmed that work is start on the Trinity Leeds development – the first major shopping centre project in the UK since the start of the economic downturn. In a statement to the London ... Read more
CB Richard Ellis says its prime rent and yield monitor for the second quarter shows how in general the UK commercial property markets appear to be recovering more steadily in the south of the country, while northern regions are still showing signs of ... Read more
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
