The subdued outlook for traditional finance-sector employment in the City of London is raising important questions for landlords, investors and developers, says DTZ. Financial sector headcount is forecast to be broadly flat over the forecast period ... Read more
Cushman & Wakefield says leasing activity in the market for office space in Central London is being driven by occupiers seeking more value for money. The firm says the balance of power remains in occupiers’ favour, with larger companies, in ... Read more
DTZ says its new European sustainability guide confirms that urgent action is required on sustainability practices, as only 5% of current office stock has a “green” rating. The guide, which provides property investors, occupiers and developers with ... Read more
Jones Lang LaSalle expects UK property returns to improve to 4.6% at the All Property level in 2013, compared with 3.4% in 2012. Returns over the five-year forecast period reach 6.2%, but this is lower than the long-term average. The firm’s latest ... Read more
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
