Buyers of commercial property for sale in the City of London in recent months have generally been focused on value-added investments, says Savills. The firm has noted a sharp increase in turnover during May, with total completions of £1.36bn in City ... Read more
Ahead of the inauguration on Thursday of The Shard, speculation is building as to the identity of the first tenant of the available office space in this, the newest and tallest building in London. The Telegraph has quoted Irvine Sellar, chairman of ... Read more
Jones Lang LaSalle has revised down its forecasts for UK property for 2012, with All Property returns now at 2.0% compared with a historic average of 9.0%, as a sluggish economic recovery continues to take its toll on UK commercial property ... Read more
There are attractive opportunities for investment in UK commercial property thanks to rising yields, says DTZ in its latest Fair Value Index report. The index reading for Q1 2012 rose to 65 from 53 in the previous quarter, indicating that the market ... Read more
Hammerson yesterday announced the sale of most of its portfolio of London office property to Brookfield Office Properties for £518m. The group had announced in February that it wanted to become a specialist retail REIT and become “the best ... Read more
Commercial property values in the UK in May suffered their steepest monthly drop since values began to decline in November 2011, says the IPD. The institute’s latest Monthly Property Index shows that values fell 0.5% last month – the seventh ... Read more
Leasing activity for Central London offices picked up sharply in May but was still below the long-term average, says CBRE in its latest overview of the sector. Take-up of office space in Central London last month totalled 811,000 sq ft, a jump of 96% ... Read more
While there are signs of an upturn in the corporate demand for office space in the City of London, after a subdued first quarter, Cluttons says the TMT sector has provided a “welcome supplement” to the traditional banking and finance occupiers in the ... Read more
The market for Manchester office space to let has begun the year quietly, and the city will not be immune to the effects of local and national government austerity, but its strength in sectors other than finance and the public sector will deliver ... Read more
The robust Central London property market continued in May to bolster the overall performance of the CBRE Monthly Index. Capital growth on property in Central London was 0.4% last month, with total returns at 0.7%, up from 0.1% and 0.5% in April. At ... Read more
