The British Property Federation has responded positively to the government’s proposals to introduce new permitted development rights to convert office space into residential property without requiring planning permission. It says the move will boost ... Read more
Land Securities this week reported that it had performed well during the final three months of 2012 – the third quarter of the group’s financial year. In a “difficult” market, the group said interest levels in its London offices and retail portfolios ... Read more
Jones Lang LaSalle says 2012 was a solid year for the Western Corridor office market, with total take-up of 2.0m sq ft across the market. This was in line with the five-year annual average, the firm says. In the West London offices sub-market, ... Read more
There are signs that UK property investors are seeking to increase their exposure to risk, says Knight Frank in its latest UK market outlook. In the past, investors would manage risk in the early stages of the economic cycle by acquiring safe, ... Read more
There was a further 0.3% decline in property values in December, says the IPD, taking values at the headline level for the full year to minus 4.2% in what it describes as a “challenging year for the UK commercial property sector”. The retail sector ... Read more
UK commercial property produced a total return at the All Property level of 0.3% in December, following a 0.2% return in November, says CBRE. The firm’s Monthly Index last month showed a continued decline in capital values, which fell 0.2% in ... Read more
Bowyer Bryce has announced the completed sale of the freehold trade counter/ warehouse property at 278A Alma Road in Enfield, on behalf of TBS Polycarbonates, for £537,500. The 4,821 sq ft industrial property in Enfield has two loading doors with ... Read more
Total commercial development activity in the UK during December increased for the fourth consecutive month, says Savills, propelling its Total Commercial Development Activity Index to a net balance of +10.6% compared with the +9.1% reading from ... Read more
The latest RICS construction market survey indicates a turning point for the UK construction market, with those surveyed predicting an increase in output this year. During the final quarter of 2012, 15% more surveyors reported expected increases in ... Read more
Did you know that EPCs must now be clearly displayed in a large number of commercial buildings? With effect from 9 January, certificates are required to be displayed in commercial properties of more than 500 sq m that are frequently visited by the ... Read more
