May, 2010

London is leading the commercial property recovery, according to new data from Jones Lang LaSalle.

The majority of independent financial advisers (IFA) believe UK commercial property prices will rise by up to 14 per cent in the next twelve months, it has been revealed.

Legal & General Property (LGP) and Mitsubishi Estate Company have launched Central Saint Giles, a residential and commercial property complex located in the St Giles area of London's West End.

The UK has a unique commercial property market which presents specific opportunities to strategic investors, a fund director has said.

UK-based Skandia Property Fund has said it is continuing to take advantage of rising values in the commercial property sector through the purchase of two new properties totaling £43 million.

Clavis Walden, an independent asset management firm specialising in the commercial property market, has reported strong support from investors for its launch of the UK's first Property Authorised Investment fund (Paif).

Great Portland Estates (GPE), a leading UK commercial property company, has said that demand for office space in London is on the rise, with rents also going up accordingly.

Business leaders in Peterborough have pointed to the need for new commercial property developments as part of a wider critique of current urban regeneration projects in the city.

Land Securities, a leading UK commercial property investment trust, has pointed to a "sharp turnaround" in the market during the second half of the year after recording a 17.4 per cent increase in net asset value per share for the year ended March 31st, 2010.

British Land, one of the UK's biggest commercial property developers, has recorded the first full-year increase in its portfolio value since the market crash three years ago.

Four of the UK's major commercial property development firms are expected to announce strong returns to growth this week, it has been reported.

UK commercial property values rose in April, taking the year-to-date increase to 5.4 per cent, new figures show.

Commercial property managers should look to take on more risk this year if they wish to be successful, Legal & General Property (LGP) has said.

Development Securities, the London-based property development firm, has acquired the Manchester Evening News (MEN) Arena for £62.2 million.

Canary Wharf Group is in talks with Land Securities, the UK's largest commercial property company, over plans to build a new skyscraper in London City's financial heartland.

German fund managers have been extremely active in London's commercial property market this year and are continuing that interest with a number of new transactions, it has been observed.

The UK will be a key market in the worldwide recovery in commercial property investment, new research has predicted.

The UK's commercial property sector saw a 40 per cent increase in the total take-up of industrial and distribution warehousing units during the first quarter of 2010 compared to the previous quarter.

Legal & General Property (LGP) has purchased an extensive portfolio of commercial property assets in the south of England.

The UK's commercial property sector could be adversely affected by a hung parliament, it has been claimed.