Which parts of London will change the most over the next decade, and what will influence that change? New research from GVA and Centre for Cities has sought to answer these questions, considering the public policy drivers of property market change ... Read more
The final version of the National Planning Policy Framework was unveiled on Tuesday and the UK commercial property industry has been quick to respond. Savills says this version is the same in most respects as the one announced last year, which ... Read more
The Scottish government yesterday published the Unoccupied Properties Bill, which proposes to cut the empty property rate relief on some types of empty commercial property in Scotland to 10% from 50%. The move is intended to encourage property owners ... Read more
Knight Frank says the latest IPD All Property Capital Growth Index, which has again declined, suggests that the long-anticipated double-dip for capital values in commercial property has finally arrived, but that it is following a shallow trajectory. ... Read more
Commercial property values fell 0.3% in February, says the IPD, which notes weakening occupier demand and sluggish growth in regional areas. Total returns were 0.3% for the month. This is the four consecutive month of declines in values in the IPD’s ... Read more
The performance of commercial property markets in the UK dipped slightly in February, with total returns at the All Property level of 0.1%, says CBRE. The firm’s latest Monthly Index shows capital values fell by 0.4% overall last month. The index ... Read more
As meetings get under way for the second day of MIPIM, the market for retail property for sale and to let across Europe is in focus this morning. Jones Lang LaSalle has published a list of the top ten cross-border retail destinations in Europe, ... Read more
Relative investment prospects for commercial property in the UK improved during the final quarter of 2011, says DTZ, whose Fair Value Index score for the UK rose to 53 for Q4 2011 from 33 for the previous quarter. The firm has revised upwards its ... Read more
Hammerson today announced that, following a strategic review, it will sell off its entire portfolio of office properties in order to become a specialist retail REIT. Retail assets currently represent 89% of the company’s £5.7bn property ... Read more
Savills has noted sustained “and possibly increasing” demand for Grade A City of London commercial property from overseas investors, particularly from Asia. It expects this to maintain prime yields for such properties at 5.25% and says they could be ... Read more
