Hammerson on Monday reported 2.4% growth in like-for-like net rental income for the half-year to 30 June, at £141.6m, and said its EPRA net asset value per share had risen to £5.35 from £5.30 a year earlier. During the period the group sold 75% of ... Read more
Land Securities today said it was “pleased with progress” as it reported £9.3m of development lettings signed during the three months since the start of April, £5.8m of which were within its London portfolio and £3.5m across its retail properties. A ... Read more
The grocery outlet market is the exception to the retail rule at the moment, says CBRE, with the surge in grocery shop development activity showing no signs of slowing despite the uncertain economic environment. Grocery floorspace in the pipeline has ... Read more
The latest RICS Commercial Market survey, for the second quarter of 2012, shows that a growing number of retail landlords have been offering incentives in order to let their premises. Continued economic uncertainty is continuing to take its toll on ... Read more
There was a slight improvement overall in UK commercial property performance last month, says CBRE, whose Monthly Index shows a 0.5% fall in values during June after a 0.6% decline in May. This has helped to flatten the overall total return figure in ... Read more
RICS has launched a new small business retail lease in an attempt to “inject fresh life into the British high street”. The lease, unveiled on 4 July to coincide with “Independents’ Day”, a celebration of independent retailing in the UK, has been ... Read more
Central London retail property will continue to outperform the rest of the UK this year, says Savills. An Olympics-related bounce in spending is possible in the capital, but the outlook for the rest of the year remains mixed – nevertheless, “Central ... Read more
Jones Lang LaSalle has revised down its forecasts for UK property for 2012, with All Property returns now at 2.0% compared with a historic average of 9.0%, as a sluggish economic recovery continues to take its toll on UK commercial property ... Read more
There are attractive opportunities for investment in UK commercial property thanks to rising yields, says DTZ in its latest Fair Value Index report. The index reading for Q1 2012 rose to 65 from 53 in the previous quarter, indicating that the market ... Read more
The market for out-of-town retail property is still showing some resilience, with rental growth visible in some prime retail parks, despite a drop in overall leasing levels from the 2007 peak, says Cushman & Wakefield. The firm’s latest ... Read more
