Take-up of office space in Newcastle city centre slowed considerably in the final quarter of last year, totalling just 13,332 sq ft compared with 23,363 sq ft a year earlier, says Lambert Smith Hampton. This took the total for the whole of 2012 to ... Read more
Total transactional volumes for UK shopping centres dropped 50% in 2012, says new research from Colliers International, to £2.36bn from £4.71bn the previous year, but the firm predicts that volumes are set to make a “dramatic return” this ... Read more
The IPD says UK commercial property total returns fell to 2.7% in 2012, from 7.8% in 2011, as a result of falling capital values across the regions (down 3.1% overall) – but it points out that UK property remains an attractive investment prospect, ... Read more
Shaftesbury has reported continued good demand and letting activity across its West End property portfolio. In an update for the period from 1 October 2012 to 8 February 2013, the group says available vacant space is at “an exceptionally low level” ... Read more
The latest Bank of England quarterly lending figures have highlighted a further decline in UK bank exposure to the property sector, to 8.3% of all debt in Q4 2012, notes Jones Lang LaSalle. Jeremy Handley, director of valuation advisory at Jones ... Read more
NovaLoca.com has developed a new set of search and reporting tools to make life easier for agents. These new features can be really useful when searching for recently sold or let properties in order to research deals, and can also be used to present ... Read more
A lack of Grade A office space in Oxford and a sustained level of demand means that the pendulum of power looks set to swing back in favour of landlords, says Savills in its most recent Oxford Market Watch. Last year was not a record year for ... Read more
Ryden and Cargill Property Consultants have announced two deals at Academy Office Park in Glasgow, for client Camlin. Includem has taken the 4,866 sq ft Building 6 at the park on a five-year lease at a rent of £32,500 per year. Meanwhile the 1,220 ... Read more
The range of City office space being marketed in the final quarter of 2012 serves as a reminder that there is room for creative deal-making, says Colliers International in its latest research into the sector. Take-up of City offices reached 1.3m ... Read more
Savills’ latest report on the market for office space in the City of London notes that take-up in December reached 500,000 sq ft, taking the total for 2012 to 4.63m sq ft, back in line with the ten-year average and 18% above the previous year’s ... Read more
