Buyers of commercial property for sale in the City of London in recent months have generally been focused on value-added investments, says Savills. The firm has noted a sharp increase in turnover during May, with total completions of £1.36bn in City ... Read more
At the AGM of Great Portland Estates today, chairman Martin Scicluna is to tell shareholders that the company has had a record leasing year, with more than £25m of annual rent secured at levels well ahead of valuers’ ERV, including almost £17m ... Read more
Lambert Smith Hampton says occupiers in multi-storey office buildings could benefit from a recent court ruling on rating assessments. The decision, made in relation to Tower Bridge House in London, “has opened up the opportunity to merge rating ... Read more
Central London retail property will continue to outperform the rest of the UK this year, says Savills. An Olympics-related bounce in spending is possible in the capital, but the outlook for the rest of the year remains mixed – nevertheless, “Central ... Read more
Ahead of the inauguration on Thursday of The Shard, speculation is building as to the identity of the first tenant of the available office space in this, the newest and tallest building in London. The Telegraph has quoted Irvine Sellar, chairman of ... Read more
Bowyer Bryce has let premises at The Glover Centre in Hitchin to Care Rooms Ltd on a seven-year lease at £15,000 per year. The let property comprises 2,200 sq ft, forming part of the ground floor of the property, which was previously used as a ... Read more
Jones Lang LaSalle has revised down its forecasts for UK property for 2012, with All Property returns now at 2.0% compared with a historic average of 9.0%, as a sluggish economic recovery continues to take its toll on UK commercial property ... Read more
With the eurozone crisis becoming such a dominant topic for discussion, Knight Frank has considered the scenarios for UK commercial property. In the case of a so-called ‘messy’ (i.e unmanaged) Greek exit from the euro, the firm says a look at the ... Read more
There are attractive opportunities for investment in UK commercial property thanks to rising yields, says DTZ in its latest Fair Value Index report. The index reading for Q1 2012 rose to 65 from 53 in the previous quarter, indicating that the market ... Read more
Jones Lang LaSalle’s recent research into the market for industrial units of below 100,000 sq ft shows that occupier demand remains fragile. Take-up of all industrial and logistics property fell 24% in Q1 2012 to 17.7m sq ft compared with the ... Read more
