Land Secs seeks Walkie Talkie partners
Yesterday the Cheesegrater, today the Walkie Talkie. Land Securities is dusting off plans to develop its unusually-shaped tower at 20 Fenchurch St in the City of London, joining the list of key sites that look set to be restarted as demand rises for ... Read more
Market takes a breather
The rapid bounce-back in commercial property pricing at the end of last year has run its course, giving way to “more sedate” growth in recent months, says the IPD in its latest UK Monthly Index report. The 0.8% rise in capital values recorded for ... Read more
Mixed results
British Land pleased investors this morning with stronger than expected results for the year to March 31. It said NAV had risen 27% to 504p and its portfolio valuation had grown 13.5% over the year. The group is considering restarting work on its ... Read more
Secondary office supply threatens recovery
It is not clear where the drivers of office space take-up will come from in the UK’s regional office markets this year, says Jones Lang LaSalle. Insurance, recruitment and media companies have been the most active sectors in the regional office ... Read more
Time to get into prime property, says DTZ
DTZ says the worst of the commercial property slump is over and expects to see a return to growth in invested stock value this year, up 5% globally and up 8% for the UK as capital values continue to recover. The group’s global Money into Property ... Read more
South-East offices undervalued
Knight Frank says the market for office space in South East England may still be undervalued, as the UK pricing recovery that started last year has not happened at the same pace in this region as elsewhere in the country. The group’s annual M25 ... Read more
London offices produce strongest returns in April
The market for office space in Central London again performed more strongly than other commercial property sectors during April, said CB Richard Ellis as it unveiled its Monthly Index report last week as voters went to the polls. The All Property ... Read more
British Land “close to Broadgate deal with UBS”
British Land is close to keeping Swiss bank UBS as a key tenant in the Broadgate development in the City of London, according to the Daily Telegraph. The deal would be a “major boost” for British Land, the paper says, as it had faced concerns that ... Read more
London office take-up “highest for 4 years”
CB Richard Ellis has joined the chorus of voices saying that the lack of new office space in central London is squeezing prices higher. During Q1 2010 the recovery in prime rents continued, the group says, and take-up for the quarter was the highest ... Read more
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