Commercial Property News

Decline in construction a 'worry for investors'

New research has shown that the rate of decline in the UK's construction sector accelerated again last month.

The Chartered Institute of Purchasing and Supply (CIPS) claimed that there is a possibility the recession will be w-shaped – something which could concern commercial property investors.

CIPS's latest purchasing managers index for the construction sector fell from 45.9 in May to just 44.5 in June – moving further from 50, which denotes neither growth or contraction in the industry.

The decline followed three consecutive monthly increases in the index, and the figure is still above the record low of 27.8, which was reached last year.

David Noble, chief executive officer of CIPS, said: "Against the backdrop of difficult market conditions, the UK construction sector is on a knife-edge."

"After the improvements [slower rates of decline] seen in April and May, the sector has retracted as firms battle to consolidate their position," he added.

However, investment in commercial property in the capital rose for the first time in two-years, according to Cushman & Wakefield.

Property investment sentiment at record high

Thursday, 2 July 2009 - 7:57am
Experts have claimed that sentiment in the commercial property market is at a record high, despite the ongoing economic downturn.

Commercial property investment 'on the rise in London'

Wednesday, 1 July 2009 - 2:55pm
The level of investment recorded in London's commercial property market has increased for the first time since the second quarter of 2007, it has been revealed.

Prologis announces UK sale

Wednesday, 1 July 2009 - 2:53pm
ProLogis European Properties (PEPR) has announced the completion of a deal involving five of its UK-based distribution facilities.

London makes global retail rents top 10

Wednesday, 1 July 2009 - 8:30am
Retail rents for commercial property in London are the sixth highest in the world, according to the latest figures.

Commercial property opens in Waterloo

Tuesday, 30 June 2009 - 8:38am
Commercial property space created close to both Waterloo station and Westminster Bridge in London is being brought to the market, it has been revealed.

Sunderland development proposed

Monday, 29 June 2009 - 1:05pm
Thornfield Properties has been appointed to take charge of major new regeneration plans in Sunderland.

Hammerson confirms London commercial property letting

Monday, 29 June 2009 - 8:55am
Commercial property developer Hammerson has revealed it has achieved its first letting at a new office building in the City of London.

Land Securities agrees £70m commercial property sale

Friday, 26 June 2009 - 1:42pm
Real estate investment firm Land Securities has sold the Fremlin Walk site in Maidstone for £70 million.

Commercial property investor demand 'high at auction'

Friday, 26 June 2009 - 12:57pm
Those looking to invest in commercial property are paying an increasing amount of attention to auctions at the moment, according to an expert.

Commercial property development opens near Newcastle

Friday, 26 June 2009 - 8:43am
Caddick Group has announced the launch of its brand new £30 million commercial property development close to Newcastle.

Sport events boosting commercial property market?

Thursday, 25 June 2009 - 2:07pm
Major sporting events like the Olympics could help the UK to boost its regeneration and commercial property development efforts, it has been claimed.

Retail unit availability on the rise

Thursday, 25 June 2009 - 2:06pm
New figures have revealed that the amount of retail-related commercial property available to lease has risen in the last three months.

Retailer confirms distribution development plans

Thursday, 25 June 2009 - 8:50am
River Island has revealed plans to proceed with a major commercial property development.

Bristol development 'ready for business'

Wednesday, 24 June 2009 - 1:32pm
Cubex Land has completed a new £35 million commercial property development in Bristol.