Jones Lang LaSalle has published a new report: ‘From Obsolescence to Resilience’, showing that while the property industry faces a problem with depreciation and obsolescence, investors and occupiers can gain value through strategic refurbishment and ... Read more
Take-up of office space on business parks in the UK reached 1.9m sq ft during the second half of 2012, says GVA, which is in line with the six-monthly average but down from the 2.5m sq ft recorded for H1 2012. The strongest activity was in the South ... Read more
Growth in prime rents for Central London retail property may ease this year, says Savills, as fewer occupational requirements are pursued less aggressively compared with 2012, and void rates rise slightly as a result of the greater number of lease ... Read more
The increase in take-up of industrial property towards the end of 2012 together with a rise in development starts and completions could signal the first signs of improvement in the sector, says GVA in new research. Demand for large industrial space ... Read more
DTZ’s Australian owner UGL, which bought DTZ for £77m in a pre-pack deal in December 2011, has appointed Goldman Sachs to carry out a strategic review of the business that could lead to a range of outcomes, from maintaining the current structure, to ... Read more
The TMT sector, encompassing broadcasting, publishing, new media, advertising, marketing, PR, information technology, telecoms and media occupiers, continued to take a rising proportion of Central London office space last year, accounting for 22% of ... Read more
Savills’ Commercial Development Activity Index for February posted a net balance reading of +10.9%, up from +3.1% in January and the fastest rate of expansion in four months. Those surveyed said improved confidence in the economy, the launch of new ... Read more
CBRE’s Monthly Index for February showed a slight pick-up in total return at the All Property level to 0.4%, after a 0.3% reading in January. The total return in the offices and industrial property sectors was 0.3%, while in retail it was 0.4%. The ... Read more
The property industry’s cautious response to this week’s Budget can be summed up in the comment by Liz Peace, chief executive of the British Property Federation, who said the statement contained “more good than bad” for the industry overall. Mark ... Read more
DTZ last week announced that its Fair Value Index for European property in Q4 2012 had risen to its highest score for 10 years, with a score of 78 compared with 62 in the previous quarter. Of the 105 markets covered, 69 were rated as HOT and 25 as ... Read more
