Available retail space remains very scarce in London’s prime shopping areas, says Knight Frank in its Autumn/Winter 2011 research into the capital’s retail property markets. The firm’s survey of 16 key Central London retail streets suggests an ... Read more
Development activity for shopping centres in the UK is subdued, and is expected to remain so for the foreseeable future, says Cushman & Wakefield. In its latest research into the sector, C&W notes that shopping centre provision increased by ... Read more
It’s important to look beyond the headline figures when considering retail vacancy data, says Jones Lang LaSalle. While there is a tendency for occupier churn to be reported as vacancy, JLL points out in its new Retail Spotlight report that it can ... Read more
The BCSC, now holding the final day of its exhibition and conference in Manchester, says more than one in 10 UK shops could remain vacant in the long term. In its report, ‘Empty Shops - What does the future hold for town centres?’ the BCSC says this ... Read more
British Land has agreed to pre-let 145,000 sq ft of office space at its Regent’s Place development in NW1. In a statement to the London Stock Exchange this morning the company said the pre-let to Debenhams was at 10 Brock Street, a new office ... Read more
Returns from retail property weakened during August, coming in at 0.4% for the month according to CBRE’s Monthly Index, with high street shop values falling as investor concern grew about the outlook for the consumer sector and retail rents. Capital ... Read more
It’s Friday, the Rugby World Cup has just kicked off, and we’d like to look on the positive side today. So here are some upbeat notes from Savills, which says there are a few “quite persuasive” reasons why a “proper” economic recovery might not be ... Read more
Retail vacancy rates remained stable at 14.5% on average in town centres across the UK during the first half of this year, but the gap between the best and worst performing retail centres in the UK has widened, says the Local Data Company in its ... Read more
GVA expects shortages of prime property to become an increasing feature in the UK market, despite the slow nature of the economic upturn. Development levels were already low before the recession and are unlikely to increase quickly, given the ... Read more
Amid the rash of property company results this week, Property Week has today reported the collapse of Parkridge Holdings – John Cutts’ property company, which is being described as the largest casualty in the property industry since Lehman Brothers ... Read more
