St Modwen Properties is now focusing on development profits for 2013 and beyond, after making progress on its current commercial land and development projects to the point where its pipeline is secure for 2012 “and expected to deliver profits ahead ... Read more
GVA’s national markets team in Edinburgh has announced that NHS Education for Scotland has agreed a new 10-year lease deal on part of the Westport 102 office property in Edinburgh. The 36,946 sq ft of office space in Edinburgh comprises the first, ... Read more
The latest Drivers Jonas Deloitte UK Cities Crane Survey for 2012 shows that activity levels remain low across all UK property sectors. The survey, which monitors development levels of property in Manchester, Leeds, Birmingham, Glasgow and Edinburgh, ... Read more
Bowyer Bryce has announced the letting of the 16,600 sq ft industrial unit in Welwyn Garden City at One Bessemer Park to John Jones Ltd on a 10-year lease. The deal, done by joint agents Leighton Goldhill, is for an annual rent of £100,000 with a ... Read more
Capital values for UK commercial property dipped by 0.3% in August, says CBRE, with total returns mirroring July’s performance at 0.2%. The firm’s latest Monthly Index shows that Central London property markets have continued to lead the way with ... Read more
The uncertainty about future growth and stability is “clearly weighing on the minds of occupiers, developers and investors,” says Cushman & Wakefield in its latest property market research, noting that yields have continued to drift outwards in ... Read more
Axa is to invest nearly £320m into the development of a new office property in King's Cross, according to the Times. The paper reports that Axa Real Estate has agreed to forward-fund the construction of the 11 storeys of office space at King's ... Read more
What sort of office space do TMT companies want? Derwent London has been on a trip to San Francisco and Silicon Valley to see for itself what occupiers in this sector are seeking in terms of office space, and to meet US tenants that may be expanding ... Read more
The supply side is reacting faster than expected to the shortage of Grade A office space in Central London, says Savills – but the firm still expects an undersupply to continue to support rising office rents during 2012-2017. While take-up of Central ... Read more
Prices for office space in the City of London fell in July for the second consecutive month, says the IPD, despite the interest of overseas buyers – and this may indicate that values in the sector are past their peak. The IPD’s UK monthly property ... Read more
