Great Portland Estates has today announced two major deals – the acquisition of a 2.3 acre West End redevelopment site and the £132.75m purchase, through its joint venture with the BP pension fund, of the ITN building on Gray’s Inn Road in ... Read more
It’s Friday, the Rugby World Cup has just kicked off, and we’d like to look on the positive side today. So here are some upbeat notes from Savills, which says there are a few “quite persuasive” reasons why a “proper” economic recovery might not be ... Read more
Retail vacancy rates remained stable at 14.5% on average in town centres across the UK during the first half of this year, but the gap between the best and worst performing retail centres in the UK has widened, says the Local Data Company in its ... Read more
Over the past 12 months, secondary office property in Central London has been the strongest performing sub-market within the UK commercial property markets, says CBRE. “Capital growth of 10.3% was achieved largely through a reduction in yields which ... Read more
The latest research into the market for available office space to let in Birmingham shows that rents have fallen nearly 20% for prime offices in the city centre during the past four years, says the Birmingham Post. The paper reports data from Lambert ... Read more
The latest Chart Book from RICS notes that bank lending to the commercial property sector fell by STG 53m in July according to the latest British Bankers Association data, after two months in a row of increases. RICS says that while the lending ... Read more
The British Property Federation/ IPD annual lease review for 2011 shows that the average length of lease increased to 5.3 years in 2010/11, from 5.0 years in 2009/10, measured on an equally weighted basis and including the first break where ... Read more
Going beyond the basics when refurbishing a property can reduce void periods, says Savills, as occupiers are increasingly showing a preference for greener buildings. Savills notes that new legislation, if passed, will make the leasing of a property ... Read more
Lambert Smith Hampton and Haslams have jointly completed a 207,000 sq ft industrial pre-let at the Suttons Business Park in Reading, which the firms say is the largest deal of its type ever done in Reading. Standard Life Investments is to develop ... Read more
GVA expects shortages of prime property to become an increasing feature in the UK market, despite the slow nature of the economic upturn. Development levels were already low before the recession and are unlikely to increase quickly, given the ... Read more
