Transaction volumes in the Central London property investment market during Q4 2012 rose to £14bn, the third-highest total on record after £17.5bn in 2007 and £15.5bn in 2006, says CBRE. Michael Edwards, executive director, Central London capital ... Read more
The British Property Federation has responded positively to the government’s proposals to introduce new permitted development rights to convert office space into residential property without requiring planning permission. It says the move will boost ... Read more
Land Securities this week reported that it had performed well during the final three months of 2012 – the third quarter of the group’s financial year. In a “difficult” market, the group said interest levels in its London offices and retail portfolios ... Read more
Jones Lang LaSalle says 2012 was a solid year for the Western Corridor office market, with total take-up of 2.0m sq ft across the market. This was in line with the five-year annual average, the firm says. In the West London offices sub-market, ... Read more
There was a further 0.3% decline in property values in December, says the IPD, taking values at the headline level for the full year to minus 4.2% in what it describes as a “challenging year for the UK commercial property sector”. The retail sector ... Read more
UK commercial property produced a total return at the All Property level of 0.3% in December, following a 0.2% return in November, says CBRE. The firm’s Monthly Index last month showed a continued decline in capital values, which fell 0.2% in ... Read more
Colliers International calculates that take-up of office space in the West End of London in the final quarter of 2012 was down significantly from the previous quarter’s strong total, due partly to lengthy negotiations on some deals. Expectations that ... Read more
Of the eight main regional UK office markets covered by CBRE, Manchester is expected to be the only one to record prime office rental growth this year – forecast at 2.5%. Since the economic downturn, the market for Manchester office space has ... Read more
Cushman & Wakefield says the Central London offices market was resilient, despite the continued uncertain economic backdrop, with estimated take-up of new office space at 7.3m sq ft for 2012. This compares with 7.8m sq ft in 2011. Take-up of ... Read more
Internet service provider Isrighthere Ltd has become the latest tenant to take office space in The Green at the 47,000 sq ft Easter Park in Aldermaston. The Green includes a large amount of environmental technology which improves the building’s ... Read more
