As market uncertainty is driving a risk-averse and cautious approach from occupiers, developers of office space in London face a significant challenge in securing tenants and beginning projects, says building consultancy EC Harris. While there is ... Read more
Prime headline rents for office space in Edinburgh city centre are set to come under pressure to rise towards the end of 2012, according to the latest research from Savills. A growing shortage of supply is forecast to push current rental levels up ... Read more
The IPD’s latest Monthly Index for UK commercial property paints “a fairly sombre picture” for the start of the year, the IPD says, but it notes that there are some areas for optimism. The IPD UK Monthly Index for January showed capital values ... Read more
Helical Bar today updated the market on its current trading, saying that it had continued to add to its portfolio with £90m of acquisitions completed since September 2011. These include land and buildings in Corby for £70m. The group has also bought ... Read more
The performance of UK commercial property last month was slightly weaker than the solid finish seen to 2011, says CBRE. The firm’s Monthly Index for January shows total returns on UK commercial property of 0.3%, down from the 0.5% recorded in ... Read more
British Land says the 0.3% increase in its NAV during the past quarter to 593p and 6.3% growth in underlying pre-tax profit to £68m reflect the resilience of its business in a tougher economic environment. But in the near term, given the unresolved ... Read more
Knight Frank’s annual Central London breakfast, held earlier this week, suggests that ‘Silicon London’ may be gaining in popularity. While take-up of Central London office space fell 27% in 2011, to 10.7m sq ft, demand from the technology sector ... Read more
SBH Page & Read has agreed the lease of 419 sq m of office space at Redwing Court in Romford to TBG Learning for landlord Right Choice Property Holdings. The five-year lease is at £25,000 per annum. The firm has also let the 566 sq m offices at ... Read more
Knight Frank expects occupier activity in the market for office space in the M25 region to be largely driven by lease events this year, as opposed to business growth. For 2013-2015 the firm expects a spike in lease event-driven demand as historic ... Read more
Development of the new 700,000 sq ft Broadgate office property in the City of London will now get under way, after British Land and Blackstone satisfied the remaining outstanding conditions on their pre-let agreement with UBS for the bank’s new HQ at ... Read more
