The UK’s consumers are still shopping and “good businesses are looking to grow,” said British Land chairman Chris Gibson-Smith yesterday, despite the “age of austerity” currently underway, as the group reported 6.9% growth in its portfolio to £9.6bn ... Read more
The lack of quality office space available in London’s West End drove transaction activity in this area sharply downwards during the first quarter of this year, to just £228m – a level not seen since Q1 2004, says Lambert Smith Hampton in recent ... Read more
Land Securities pleased the stock market yesterday with strong full-year results and a confident outlook. NAV per share was up 18% year-on-year to 885p at the end of March 2011 while pre-tax profits were 14.8% higher at £1,227.3m. The group said its ... Read more
As the market digests the Ernst & Young Item Club’s gloomy predictions this week for UK retailers, Capital Shopping Centres today said it expected the rest of 2011 to remain tough. However, the listed shopping mall specialist said trading had ... Read more
Savills says, in recent research into the UK shopping centre and high street retail sector, that there is now evidence of the previously forecast widening yield gap between primary and secondary assets in this market. Savills expects that “both the ... Read more
The numerous bank holidays in April led to a slowdown in the performance of commercial property markets last month as some transactions were put on hold, says CB Richard Ellis. The firm’s Monthly Index for April shows a capital gain for all property ... Read more
The Telegraph today highlights research being conducted by the British Council of Shopping Centres that has led the industry body to call for a revaluation of the UK’s shopping centres in the current difficult economic conditions. A working group ... Read more
Segro today told investors that it had seen a good level of enquiries so far this year, with demand for lettings in its key markets building on the momentum in the second half of 2010. However, it cautioned in a trading update to the London Stock ... Read more
A round-up of news for you before the Easter break. Development Securities announced to the London Stock Exchange this morning that it has bought the London Gate business park in Hayes, together with property developer Cathedral Group. The 18-acre ... Read more
Four former Knight Frank agents are setting up a new agency to specialise in niche retail and restaurant leasing in London and the rest of the UK. Nigel Gillingham, Tracey Pollard and Woody Bruce, together with Rupert Bentley Smith, left Knight Frank ... Read more
