March, 2009

The Treasury is now looking after commercial interests for Dunfermline Building Society

Treasury takes on commercial business

HM Treasury has revealed it has taken on a range of commercial property business from Dunfermline Building Society.

M1 Real Estate has acquired the freehold for Times Place

M1 Real Estate acquires Times Place

M1 Real Estate has announced its acquisition of the freehold of Times Place at 45 Pall Mall in the West End area of London.

National Grid Property Holdings and the London Development Agency are behind the plans

Haringey development plans submitted

Residential and commercial property space is set to be created in north London, it has been announced.

New office space is available in London's Mayfrair

Mayfair development launched

New Grade A office space is now available in London's Mayfair after the launch of a major redevelopment.

Network Rail hopes to generate a major level of income from its portfolio

Network Rail seeks property director

Network Rail has announced it is looking to appoint a new commercial property director.

A new 52-storey tower has been given the green light

Blackfriars project given green light

Planning consent has been given for the construction of a major property development in the Blackfriars area of London.

The British Property Federation is backing landlords

Landlords 'not to blame for downturn'

Commercial property tenants should not hold landlords responsible for financial difficulties they are struggling with, it has been claimed.

Commercial property market in Bristol recovering?

Bristol market 'showing signs of recovery'

New research by a leading commercial property consultancy has highlighted that the market in Bristol could be showing signs of recovery.

The new Sir Colin Campbell Building has been given an award

University building wins property award

The new Sir Colin Campbell Building at the University of Nottingham has been given a major commercial property award.

The Bank of Scotland released the research

Small firms 'expect property price falls'

The price of commercial property in the UK is set to continue fall, small businesses have predicted.

Bargains to be found in Wales, report claims

Commercial property 'on the cheap in Wales'

Commercial property could be bought on the cheap in Wales, according to new research.

Savills published the research

Birmingham 'becoming a tenants market'

Tenants based in commercial property across Birmingham are expected to benefit from attractive lease terms across this year, new research has suggested.

Jones Lang LaSalle advised on the deal

Birmingham shopping centre sold

A private investment family has bought Birmingham's Sheldon Shopping Centre in a £8.25 million deal.

Bruntwood is behind the £3.6 million development

Liverpool office development completed

Commercial property firm Bruntwood has confirmed that work on its new St Hugh's development in Liverpool has now been completed.

Developer still committed to Southampton development

Developer still committed to Southampton's tallest building

Commercial property space in a new development will still be available in Southampton in the future as the developer claims they are still committed to the project.

New developments are set to be built in Cornwall and Durham

Terrace Hill projects given consent

Terrace Hill has announced that it is to create two new commercial property developments in Durham and Cornwall.

CBRE released the findings

'Encouraging outlook' for Liverpool office market

New research has revealed that the office market in Liverpool is set to for a good 2009.

Summerfield Developments is working on the plans

Exeter development proposed

A major new office development has been proposed for construction at Exeter Business Park, it has been announced.

Mike Prew, a real estate analyst at financial group Nomura, made the comments

Reits 'close to bottoming out'

Real estate investment trusts (Reits) are still a strong proposition for those interested in the market to consider, according to an expert.

Richard Kauntze, chief executive of the BCO, has welcomed the plans

London office offer 'an imaginative scheme'

An expert has welcomed new proposals to increase commercial property occupancy across London.

Mace Group is working on The Shard

Work on Shard development begins

Work on The Shard commercial property development in London has commenced this week, it has been announced.

Muse Developments is set to develop the project

Blackpool redevelopment given green light

Blackpool Council has agreed a £220 million deal with Muse Developments for the construction of new commercial property in the seaside town.

The ODA revealed the new plans for the media cetnre

Media centre legacy plans unveiled

The Olympic Delivery Authority (ODA) has revealed that the International Broadcast Centre and Main Press Centre for the Games will be made available as commercial property when the championships finish.

Centros has questioned the government's move

Government criticised over project call-in

The government's decision to call-in proposals for a major regeneration scheme in Lancaster has been criticised by the company behind the plans.

The research was published by real estate services firm Savills

Smaller lot sizes 'to be popular in West End'

People looking to invest in commercial property based in the West End of London are to be interested in smaller lot sizes over the rest of this year, according to a new report.

Foreign interest in London is common, it has been claimed

London property market 'attracting foreign interest'

Foreign investment in the central London property market is very common, an expert has suggested.

IPD released the research

Property capital decline continues

Commercial property capital values continued to decline last month, new research has found.

CBRE has been named a "superbrand"

Property advisor 'a superbrand'

Real estate advisor CB Richard Ellis (CBRE) is one of the UK's top 500 business "superbrands", it has been announced.

Norway's sovereign wealth fund is to enter the UK market, according to reports

Norway 'to invest in UK property'

The sovereign wealth fund of Norway is planning to invest in the UK's commercial property sector in the near future, according to reports.

Genr8 has been chosen to carry out the regeneration work

Developer selected for Stoke project

A preferred bidder has been selected to work on a major regeneration project focused on Stoke-on-Trent's central business district.

CB Richard Ellis published the research

Making developments green 'could increase costs'

Improving the green credentials of new commercial property projects could boost the cost of such developments, it has been suggested.

The research was published by Savills

Commercial development activity 'slows'

Commercial property development activity appears to be slowing, according to new research.

The IPF released the survey

Property sector 'will not recover until 2011'

Commercial property investors and firms should not expect any recovery in the market until around 2011, it has been claimed.

Savills compiled the research

German banks 'dominate lender list'

The list of the top 12 lenders in the UK commercial property is dominated by German banks, it has been revealed.

Property investors should consider re-entering the market

Investors urged to 'get involved' in property

Property investors have been advised that the current market means it is "an ideal time" for them to expand their portfolio.

Oakmayne Properties is behind the plans

Elephant & Castle development proposed

Proposals for the creation of new residential and commercial property space in Elephant & Castle have been submitted to local authorities, it has been announced.

The chief executive of the BPF made the comments

Commercial property 'to stay green'

Environmental standards will continue to be met by firms in the commercial property market despite the difficulties created by the recession, according to an expert.

Property could still offer many investors good value for money

Property 'still good value'

Property remains "good value" for those looking to invest in something, according to an expert.

Dawnay Day's portfolio is thought to be worth up to £600 million

Dawnay Day portfolio sold

F&C Reit Asset Management and AREA Property Partners have bought the commercial property portfolio of collapsed investment company Dawnay Day.

Westminster City Council approved plans for the developments

Victoria developments given green light

Land Securities has revealed that it has been given the go-ahead to build two further schemes in Victoria.

The Skypark development will cost £210 million

St Modwen selected for Exeter development

Regeneration company St Modwen has been chosen to develop a major commercial property project in Exeter, it has been announced.

Investors should consider a move into the market, it has been claimed

'Now is the time' for serious investors

People who are serious about commercial property investment should make moves in the market in the current climate, according to an expert.

CBRE released the new figures

Capital values 'continue to fall'

Declines in commercial capital values continued during February, new figures have suggested.

The UK Green Building Council has called for the code

Green code 'needed for commercial property'

Commercial property owners should be obliged to adhere to regulations related to sustainability, a task group has claimed.

The company hopes to raise £500 million

Segro launches rights issue

Segro has announced plans to raise around £500 million through a fully underwritten rights issue.

Rics has published its latest Global Commercial Property Survey

Property declines 'felt globally'

The latest Global Commercial Property Survey from the Royal Institution of Chartered Surveyors (Rics) has revealed that in the final quarter of 2008, it was not just the UK and other western markets that were affected by the current economic conditions.

Cluttons released the research

Property transaction volumes 'stabilise'

A new report has claimed that the volume of transactions in the commercial property sector stabilised in the final quarter of last year.

NB Real Estate released the findings

London rents fall

New research has claimed that London office rents dropped by 24 per cent during 2008.

King Sturge has the calls

Green projects 'should be underwritten'

Engineering and contracting companies should underwrite sustainable developments in order to boost the creation of eco-friendly commercial property, it has been claimed.

Peter Dawson has been appointed to the role

Brixton appoints chief executive

Brixton has announced it has appointed a new chief executive.