Jones Lang LaSalle says Q1 2013 take-up of office space in the Western Corridor, at almost 650,000 sq ft, was nearly four times the level of a year earlier, and a third above the five-year quarterly average of 487,500 sq ft. The total figure was ... Read more
Ryden has announced a further letting at Glasgow Trade Park, on behalf of Silverbank Development Company. Hire Station has taken a 10-year lease on 6,006 sq ft at a rent of £6.50 per sq ft. There is now only 10,000 sq ft of space available at the ... Read more
New research from Jones Lang LaSalle shows a jump in office requirements for Edinburgh, with the number of businesses seeking office space in Edinburgh nearly trebling in Q1 2013 compared with the previous quarter. In total there were 62 new ... Read more
Analysis of 32 regional UK property markets by Lambert Smith Hampton has found that 27% of total regional available office property (11.7m sq ft) is obsolete and that of this total, 7.4m sq ft is suitable for conversion. “This obsolete space is ... Read more
Since Scottish Enterprise switched in November 2012 to NovaLoca from CoStar as a source of current availability of properties in Scotland, the number of views has been rising steadily and enquiries have also increased. To make the Scottish ... Read more
Total returns from UK commercial property in March reached 0.5% at the All Property level, according to the latest CBRE monthly index, taking the total for the first quarter to 1.2%. This follows a 0.4% return in February. Capital values continued to ... Read more
Miranda Munn, managing director of NovaLoca.com, writes: “I had a great time at the Property Awards on Wednesday entertained by the most excellent Bill Bailey. On a packed table hosted by Property Week (the lovely Grant Elrick & Penel Tait ... Read more
Rents for prime office space in key towns in the southern M25 area are likely to rise as a result of a lack of good-quality stock, says Hurst Warne. Will Gelder, in the firm’s Redhill office, says the economic downturn in 2007 put a stop to almost ... Read more
Investors were busy acquiring UK shopping centre property during the first quarter of 2013, says Savills, with 20 investment deals done during Q1 totalling £1.43bn. This compares with £488m in the same period last year, the firm notes. The average ... Read more
A reminder that the Property Awards 2013 are taking place next tonight at the Grosvenor House Hotel! As usual NovaLoca looks forward to seeing you there. A total of 18 awards will be handed out to reward outstanding performance in the UK property ... Read more
