Never one to shun the limelight, Boris Johnson has been out and about at new property developments in the capital in recent days. The Mayor of London last week confirmed a STG 1.5bn deal with The Silvertown Partnership – a consortium of Chelsfield ... Read more
CBRE has reported positive change in capital value across all sectors in its May Monthly Index – the first time this has happened since November 2011. Capital values increased y 0.1% at the All Property level. Aleksandra Starczynska at CBRE says this ... Read more
Activity in the market for City office space to let in May reached one of the highest monthly totals on record, says Jones Lang LaSalle. A total of 793,400 sq ft was taken up last month, which represents a 117% jump from April and is 135% above the ... Read more
CBRE has issued new research looking at the deep structural change taking place in the banking and finance sector and what it means for the Central London offices market. The firm says that while London remains resilient as an international ... Read more
The 1,431 sq ft retail premises in Edinburgh at 330 Lawnmarket, formerly Castle Antiques, attracted a total of 11 offers, each above the asking rent of £65,000 per annum, says Ryden. The firm has signed up Kiltane Retail on a 25-year lease at £72,000 ... Read more
GVA says it is seeking gradual improvement in occupier sentiment across many of the UK’s commercial property markets, and expects average UK commercial property rental values to grow by 0.7% this year – barring any further major economic shocks. This ... Read more
The continued sluggish lettings activity in the UK retail market is due to the economic downturn and not to the rise of Internet retailing, says CBRE in a recent Viewpoint article. The amount of sales diverted from shops by the rise of internet ... Read more
The British Retail Consortium says the UK town-centre shop vacancy rate in April rose to 11.9%, from 10.9% in January, to reach the highest level since the BRC/Springboard survey began in July 2011. The BRC’s director general Helen Dickinson ... Read more
CBRE says UK commercial property performance in April was largely unchanged from the previous month at the All Property level, with total returns reaching 0.6% compared with 0.5% in March. This took the annual return to 3.1% for the year to April ... Read more
Lambert Smith Hampton says the Manchester offices market has made a positive start to 2013, with first-quarter city-centre take-up of 271,000 sq ft compared with 170,000 sq ft a year ago and roughly in line with the 275,000 sq ft seen in Q4 ... Read more
