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
“Overall, the number of high-profile casualties both before and after Christmas has not been a surprise. It is now time for landlords to pick up the pieces and examine the prospects for newly vacant units,” said DTZ in its recent comments on the ... Read more
St Modwen Properties today reported full-year results showing a 34% increase in pre-tax profits to £50.4m and 9% growth in NAV. The company issued an upbeat outlook for this year, saying that it had a secure development programme in place with ... Read more
Looking at retailers’ recent trading results, Savills says “Christmas 2011 leaves a market place for 2012 where sentiment continues to be very fragile”. It feels that occupiers and owners of high-street shops “will need to tread very carefully in ... Read more
Prime retail occupier markets deteriorated during the final quarter of 2011, says CBRE, but there was no downturn at the headline All Property level, as industrial and office markets continued to improve. The firm’s UK Prime Rent and Yield Monitor ... Read more
Land Securities today reported that the proportion of units in administration in its like-for-like portfolio had reached 1.0% as of 20 January. The figure for the end of December (the end of its third quarter) had already edged up to 0.6%, from 0.4% ... Read more
RICS says commercial property rental expectations have fallen to their lowest since Q3 2009 as a result of lower occupier demand and the increasing availability of commercial property to let. Significantly, London and the south of England no longer ... Read more
