Offices are forecast to deliver the strongest total returns of all commercial property sectors during the 2013-2017 period according to new estimates produced by Jones Lang LaSalle. The firm has revised up its forecast for total returns at the All ... Read more
Changes to legislation that permits change of use from office to residential “have the capacity to substantially change the character and economic performance of commercial areas,” says CBRE. The firm, which recently hosted a seminar on the changes ... Read more
Lambert Smith Hampton notes that while recent economic data suggests a continued slow improvement during the second quarter of 2013, the recovery in the property market appears to be two-paced, with London and the South East performing better than ... Read more
Land Securities has announced it will spend £260m on a speculative mixed-use development in the City of London in a move it says “demonstrates our confidence in the London office market”. 1 & 2 New Ludgate in EC4 will comprise 346,000 sq ft of ... Read more
Never one to shun the limelight, Boris Johnson has been out and about at new property developments in the capital in recent days. The Mayor of London last week confirmed a STG 1.5bn deal with The Silvertown Partnership – a consortium of Chelsfield ... Read more
CBRE has reported positive change in capital value across all sectors in its May Monthly Index – the first time this has happened since November 2011. Capital values increased y 0.1% at the All Property level. Aleksandra Starczynska at CBRE says this ... Read more
Activity in the market for City office space to let in May reached one of the highest monthly totals on record, says Jones Lang LaSalle. A total of 793,400 sq ft was taken up last month, which represents a 117% jump from April and is 135% above the ... Read more
CBRE has issued new research looking at the deep structural change taking place in the banking and finance sector and what it means for the Central London offices market. The firm says that while London remains resilient as an international ... Read more
GVA says it is seeking gradual improvement in occupier sentiment across many of the UK’s commercial property markets, and expects average UK commercial property rental values to grow by 0.7% this year – barring any further major economic shocks. This ... Read more
CBRE says UK commercial property performance in April was largely unchanged from the previous month at the All Property level, with total returns reaching 0.6% compared with 0.5% in March. This took the annual return to 3.1% for the year to April ... Read more
