Development activity in the commercial property market contracted again during December, says Savills. The firm’s latest monthly Commercial Development Activity index – a net balance monitoring the overall performance of the UK commercial property ... Read more
Colliers International, which has been tracking the level of retail voids in a sample of 15 towns across the UK for four years, says the broader picture is not as negative as might be suggested by headline figures. The proportion of vacant retail ... Read more
British Land yesterday announced it had agreed with The Portman Estate to buy and redevelop the Marble Arch House site in London’s West End. It has detailed planning consent for a development of office space, retail premises and luxury apartments on ... Read more
Simon Property Group has walked away from a bid for Capital Shopping Centres. The UK shopping mall group had refused to allow it to conduct due diligence on its books, which Simon had made a precondition of any formal offer. Simon, which has a ... Read more
Last year saw overall commercial property values rise 8.9%, says CB Richard Ellis, with total returns at 16.1%, boosted by a 27.3% jump in returns for Central London offices. In December values for the CBRE Monthly Index grew by 0.6%, with the ... Read more
In the last of our series looking at some of JLL’s property predictions for 2011, Charles Miller says times are expected to get tougher for retailers this year given the VAT increase, rising inflation, and the public-sector spending cuts (and ... Read more
While most people are winding down ahead of a few days’ holiday over the next week or so, the property industry’s dealmakers show no sign of slowing down. Among the various developments in the headlines there is the prospect of a truly enormous ... Read more
The strong competition for prime retail property is driving up investors’ interest in good secondary retail assets, says DTZ. Property Week today reports that the firm found institutional investors accounted for 71% of all retail warehouse deals and ... Read more
Helical Bar today announced it has exchanged contracts to buy Newmarket Shopping Centre in Suffolk from the administrators for £17.75m, representing an initial yield of around 8%. Tenants include Marks and Spencer, Peacocks, and Argos. Allsops and CB ... Read more
Another indicator in the papers today of the buoyant market for office space in the City of London, with the Telegraph reporting that financial services group Friends Provident is about to take 50,000 sq ft of office space at One New Change, the new ... Read more
