Hammerson yesterday announced the sale of most of its portfolio of London office property to Brookfield Office Properties for £518m. The group had announced in February that it wanted to become a specialist retail REIT and become “the best ... Read more
Commercial property values in the UK in May suffered their steepest monthly drop since values began to decline in November 2011, says the IPD. The institute’s latest Monthly Property Index shows that values fell 0.5% last month – the seventh ... Read more
Are investors losing interest in the UK market for retail warehouse property? Savills says this doesn’t appear to be the case from the low levels of stock being marketed – it’s more that many investors are just unwilling to trade in the current ... Read more
Bowyer Bryce has let retail premises in Borehamwood, on Shenley Road, on a ten-year lease at an annual rent of £20,000. The 1,737 sq ft shop, which also has a rear storage area and loading access, is in a prominent position on a main-road parade of ... Read more
The robust Central London property market continued in May to bolster the overall performance of the CBRE Monthly Index. Capital growth on property in Central London was 0.4% last month, with total returns at 0.7%, up from 0.1% and 0.5% in April. At ... Read more
IPD, in association with Acuitus and EIG, last week launched a new Retail Auctions Index, showing that values for retail property sold at auction during the first quarter of 2012 rose by 1%, compared with a 1.3% fall in values for commercial retail ... Read more
The recent Portas Review made a number of recommendations to help to revive UK town centres, most of which have been adopted by ministers. But GVA argues in a new report that these palliative measures “do not address the reasons why so many town ... Read more
British Land today said it had achieved ‘good results in challenging markets’ as it reported full-year underlying pre-tax profits up 5.1% at £269m and 5.4% growth in net rental income. Net asset value per share (EPRA) rose 4.9% to 595p as of the end ... Read more
There was some improvement in the performance of the UK’s commercial property markets in April, says CBRE, with the firm’s UK Monthly Index showing that a marginal increase in headline total returns and a slowdown in capital value declines enabled ... Read more
Bowyer Bryce has agreed the sale of 241 High Street in Waltham Cross for £249,995. The freehold property comprises ground and first-floor office space totalling 1,032 sq ft in a retail parade a short distance from the Pavilion Shopping Centre and ... Read more
