Segro this week announced a further £159m of disposals, including two large, non-strategic assets – the Thales campus in Crawley for £80m, which was sold earlier this month to a large UK institutional investor; and the MPM site in Munich for £53m to ... Read more
Cushman & Wakefield says the Central London offices market was resilient, despite the continued uncertain economic backdrop, with estimated take-up of new office space at 7.3m sq ft for 2012. This compares with 7.8m sq ft in 2011. Take-up of ... Read more
Every property sector is showing polarisation between London and the regions, says Jones Lang LaSalle in its predictions for 2013. The divide is “vast” in the office, retail and residential markets, the firm says, both in terms of occupier demand and ... Read more
The amount of UK shopping centre investment transactions completed during Q4 2012 is estimated at £1.17bn, taking into account projections for the final few days of last year, says Cushman & Wakefield. This would take the full-year total to ... Read more
St. Modwen Properties today announced that it and its joint-venture partner Vinci have signed a deal for the £2bn development of the New Covent Garden Market site – another major project in the Nine Elms district in Central London. The ‘landmark ... Read more
Neil Prime of Jones Lang LaSalle says speculative office activity is expected to return to the London property market in 2013, as the current development pipeline is “inadequate to meet any upturn in demand”. JLL expects around 4.3m sq ft of office ... Read more
Colliers International expects the tentative economic recovery to stumble in the first half of this year, and has cut its forecast for total returns in 2013 at the All Property level to 6.7% from 8.8%. While higher employment levels and improved ... Read more
Office occupiers in Central London are continuing to migrate eastwards, says The Times, citing research from Cushman & Wakefield showing that take-up of West End office space fell 25% in 2012 to 2.5m sq ft. This was despite the booming demand for ... Read more
Haslams Chartered Surveyors has announced the letting of 5,500 sq ft of office space in Reading, at ‘The Blade’ in the town centre, to recruitment consultancy Roc Search. The company will move its head office into the seventh-floor offices in ... Read more
Savills says the lurking concerns about the US fiscal cliff and the eurozone will continue to send most cross-border property investors heading for safe havens such as London offices and prime UK retail property in 2013. This will continue to support ... Read more
