Derwent London today echoed recent comments from British Land when it said that buying opportunities had risen marginally since the summer, and it expected this trend to continue “as certain banks become more active in reducing their property ... Read more
British Land yesterday reported a 4.2% increase in NAV to 525p per share for the half-year to end-September, and said it had seen a stabilisation in retail rental values with growth seen in the best retail locations. Rental growth continued in the ... Read more
Some recent data has highlighted the slowdown in commercial property markets: IPD last week said its monthly index for October recorded just 0.1% capital growth, after virtually flat rental value growth (down just one basis point) offset by a slight ... Read more
Two major listed property companies have issued results this week. Land Securities said its adjusted diluted NAV per share had risen 6.7% in the half-year to 30 September, to 737p, and said rental values had risen 1.1% across its portfolio during the ... Read more
Take-up of office space in the Thames Valley region was exceptional during Q3 at 916,000 sq ft, reaching its highest level since 2001, reports JLL. Demand for the year to date at 1.6m sq ft is already the same as the five-year annual average. The ... Read more
“Rental recovery has stalled for the second consecutive quarter as demand for commercial property remains low. Indeed, falling stock markets, worries over the impact of spending cuts and the sustainability of the recovery appear to be creating an air ... Read more
The UK commercial property market saw capital growth of 0.2% in October, according to the CB Richard Ellis UK Monthly Index. The market was boosted by the Central London office sector, which continues to grow strongly thanks to increasingly ... Read more
More Central London office space news today – Hammerson has, according to the Telegraph, submitted a planning application to build on its St Alphage property in the City to create a 195,000 sq ft “mini-tower” and a 300,000 sq ft building running ... Read more
The owners of the Citigroup tower in London’s Docklands are to put the building up for sale with a price tag of more than £1bn, according to the Financial Times. The proceeds will be used to pay back the debt used by Glenn Maud and Derek Quinlan to ... Read more
At the Public Property Summit being held today and tomorrow at London’s Business Design Centre, John McCready has laid out his plans for public-sector property vehicles across the UK in his keynote speech. McCready is head of the government’s ... Read more
