Commercial Property

Construction industry slows

Construction workloads fell during the last quarter of 2010, as government spending cuts and a lack of commercial finance took their toll on the industry, says the latest RICS Construction Market Survey.

Prince of Wales visits historic redevelopment in Welbeck

The Prince of Wales’ interest in architecture and rural diversification was confirmed during his recent visit to Welbeck Estate in the Bassetlaw District of Nottinghamshire.

West One Loans announces 18 month bridging option

West One Loans, one of the UK’s largest privately funded bridging finance companies, today announced the launch of an eighteen month bridging option for borrowers.

New look for prime Sheffield office block

A major refurbishment has been completed at one of Sheffield’s most prestigious and sought after city centre office buildings.

Businesses after smaller units urged to make their move

Two South Yorkshire businesses have taken advantage of competitive rates for smaller units to relocate to a flourishing Sheffield industrial estate.

Too many landlords stuck in bygone age on retail rents

There has been too little progress on rent reform which should allow retailers to switch away from the archaic practice of quarterly upfront payments.

AXA completes 285,000 sq m of lettings in French portfolio

AXA Real Estate, the leading real estate manager in Europe and second globally with €39 billion of assets under management, announces that it has signed 112 leases representing 285,000 sq m of space across its French portfolio this year.

SWIP adds London property to portfolio

The SWIP Property Trust (SWIPPT) has announced the purchase of 60 Charlotte Street, Fitzrovia, London, from The Premier Property Group (PPG) at £32.4m, reflecting a net initial yield of 5%.

Commercial Real Estate - Investors drawn to yield

Global capital flows into real estate have rebounded since a low point at the end of 2008. The key driver remains yield. A sustained low interest rate environment means investors are seeking new sources of income.

L&G Property kick starts redevelopment at Faraday Retail Park

Legal & General Property ("LGP"), has announced that, on behalf of the Life Fund ("the Fund"), it has pre-let three retail warehouse units on the site of a former Tesco supermarket, at Faraday Retail Park, Coatbridge, North Lanarkshire and has started work on site demolishing the existing building.

Interest in distressed sales almost doubles

There has been a dramatic rise in the number of countries in which real estate professionals are reporting greater interest in distressed properties, according to a global report by RICS research. It also revealed that expectations for increased distressed property sales in the coming months are highest in the Republic of Ireland, US and Spain.