June was a largely flat month for UK commercial property markets, according to the Monthly Index from CBRE. The overall capital growth of 0.2% and total returns of 0.7% last month were in line with those recorded in May, and most sub-markets in June ... Read more
Minerva has agreed to a takeover by Jamie Ritblat’s Delancy and US company Area Property Partners, reports The Times today. The buyers are paying 120.5p per share in a deal that values Minerva at £202.6m. The paper notes that Delancy and Area ... Read more
Listed REIT New River Retail informed the London Stock Exchange this morning that it has agreed to buy a portfolio of four UK shopping centres from Zurich Assurance for £68m, which it says “represents an attractive net initial yield of 8.0%”. ... Read more
Capital & Counties today announced that its EC Properties unit is submitting planning applications for the vast £8bn redevelopment site at Earl's Court in London. The submissions for the Earls Court and West Kensington Opportunity Area, as it is ... Read more
CACI’s Retail Footprint 2011 report, released last week, says the shopping centres in Bexleyheath, Southport, Blackpool, Wigan and Maidstone are under the most pressure from the “squeezed middle” shoppers who are reining in spending amid the economic ... Read more
Citing its recent research into the retail warehouse market, Savills says it may be a good time for owners of retail warehouse properties to consider making some selective sales, as investor demand is strong – not just for prime properties, but also ... Read more
The Guardian reports today on the latest research from retail consultancy Trevor Wood Associates, which shows that high-street retailers and supermarkets are moving into the units in out-of-town shopping parks that have been left empty by the ... Read more
The market for available office space in Central London continued to outperform the rest of the UK’s commercial property markets during May, says CB Richard Ellis. The firm’s Monthly Index for May shows Central London offices produced total returns ... Read more
DTZ says that the property investment market in the UK is now clearly in recovery, with invested stock increasing by 1% last year and forecast to grow a further 4% in 2011. The firm’s Money into Property 2011 report says that this recovery is, ... Read more
Investors heard more confident remarks from a listed property company yesterday, as London-focused Great Portland Estates announced a 15.5% increase in its portfolio valuation for the year to 31 March. This follows upbeat comments from British Land ... Read more
