Derwent London, which specialises in central London property investment and regeneration, has agreed to buy Central Cross, 18-30 Tottenham Court Road and 1-2 Stephen Street, London W1 for £146m before costs. The key West End office, retail and ... Read more
It’s Friday! Time for a bit of gloom. Today brought to you by RICS, which says demand from tenants for commercial property fell in the second quarter – the first decline in a year. This has of course boosted the rumblings of concern that the recovery ... Read more
Great Portland Estates chief executive Toby Courtauld describes the current sentiment in the London commercial property market as a “less urgent mood” and says he expects this to persist for the rest of the year. In an update on trading issued to ... Read more
As predicted in the national press, Land Securities today confirmed that work is start on the Trinity Leeds development – the first major shopping centre project in the UK since the start of the economic downturn. In a statement to the London ... Read more
CB Richard Ellis says its prime rent and yield monitor for the second quarter shows how in general the UK commercial property markets appear to be recovering more steadily in the south of the country, while northern regions are still showing signs of ... Read more
Stuff we like for free – the British Retail Consortium has today launched a free booklet to help retail occupiers to cut costs by engaging actively with their landlords. The Property Management Checklist outlines simple steps that the BRC says ... Read more
CB Richard Ellis has poached Neville Moss from Jones Lang LaSalle to become its new head of retail research for the Europe, Middle East and Africa (EMEA) region. Moss formerly held the same role at JLL. CBRE says he has more than 20 years’ ... Read more
North West property experts Place North West have interviewed a number of property professionals in the region to look back over the first half of 2010 and give their views on prospects for the rest of the year. The scale of public-sector cuts to ... Read more
The Emergency Budget numbers have been crunched, the results are in, and the verdict is…well, we all knew it was going to hurt, and it is indeed going to be painful. For those masochists among you who would like to dwell on the finer points, ... Read more
In further reaction to today’s Emergency Budget (see below), the British Retail Consortium has said the Chancellor was right to use public spending cuts as the main means for addressing the deficit, but argues that the VAT increase to 20% is ... Read more
