Segro has reported “a good level of enquiries” for its portfolio despite the uncertain economic climate, and a further fall in its vacancy rate to 10.2% as of 30 September, compared with 11.4% at the end of June. The group says it secured £11.9m ... Read more
The balance of supply and demand in the UK market for industrial property to let has begun to tilt in the favour of landlords for prime space, says Cushman & Wakefield in its latest report on the sector. It has found that a hardening of ... Read more
The new Big Box Industrial and Logistics market report from Jones Lang LaSalle highlights that occupier demand has weakened, with take-up of Grade A floorspace in the first half of this year at 6.9m sq ft coming in 52% lower than in the second half ... Read more
Prime rents and yields for UK commercial property remained stable during the third quarter compared with Q2, despite the economic uncertainty across Europe, says CBRE. There were some changes by sector, however, particularly within retail, with shop ... Read more
Take-up of industrial and warehouse property in the Western Corridor region was 50% above the ten-year average in the first half of this year, at 2.5m sq ft, says Jones Lang LaSalle. This was also a 3% improvement from the second half of 2010. This ... Read more
Property Week today reports a trio of industrial property transactions. It says Prologis European Properties has sold a 112,000 sq ft warehouse to J Sainsbury for £11m. The food retailer has occupied the Basingstoke property since 2004. In ... Read more
Segro last week announced the sale of six industrial estates in London for £38.2m to the Industrial Property Investment Fund, managed by Legal & General Property. The six freehold estates have a total lettable space of 43,114 sq metres. The ... Read more
Returns from retail property weakened during August, coming in at 0.4% for the month according to CBRE’s Monthly Index, with high street shop values falling as investor concern grew about the outlook for the consumer sector and retail rents. Capital ... Read more
RREEF, on behalf of the Employees Provident Fund of Malaysia, has bought one of the largest distribution centres in South East England, buying the Sainsbury’s distribution facility at Dartford for £80m. The purchase of the three warehouses – ... 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
