The market for available office space in Central London continued to outperform the rest of the UK’s commercial property markets during May, says CB Richard Ellis. The firm’s Monthly Index for May shows Central London offices produced total returns ... Read more
One of the government’s new Enterprise Zones has moved a step nearer on the road to completion with the appointment of Drivers Jonas Deloitte and Jones Lang LaSalle to lead the planning and delivery of the masterplan for the Airport City project in ... Read more
English Heritage has thrown British Land and Blackstone’s plans to redevelop the Broadgate complex in the City of London into disarray after it recommended last Friday that the site be listed. The institution said that Broadgate Square ought to be ... Read more
DTZ says that the property investment market in the UK is now clearly in recovery, with invested stock increasing by 1% last year and forecast to grow a further 4% in 2011. The firm’s Money into Property 2011 report says that this recovery is, ... Read more
JLL says it may feel as though the offices market in the City of London took a small step backwards at the start of this year, after such a strong final quarter of 2010. But leasing activity has merely returned to average levels, it says. The firm ... Read more
Investors heard more confident remarks from a listed property company yesterday, as London-focused Great Portland Estates announced a 15.5% increase in its portfolio valuation for the year to 31 March. This follows upbeat comments from British Land ... Read more
The UK’s consumers are still shopping and “good businesses are looking to grow,” said British Land chairman Chris Gibson-Smith yesterday, despite the “age of austerity” currently underway, as the group reported 6.9% growth in its portfolio to £9.6bn ... Read more
The lack of quality office space available in London’s West End drove transaction activity in this area sharply downwards during the first quarter of this year, to just £228m – a level not seen since Q1 2004, says Lambert Smith Hampton in recent ... Read more
Land Securities pleased the stock market yesterday with strong full-year results and a confident outlook. NAV per share was up 18% year-on-year to 885p at the end of March 2011 while pre-tax profits were 14.8% higher at £1,227.3m. The group said its ... Read more
As the market buzzes with reports that King Sturge and Jones Lang LaSalle are in merger talks, today we take a look at King Sturge’s latest research into the offices sector. Its survey of occupier trends across the UK during the first quarter of 2011 ... Read more
