Demand for retail premises saw sizable increases right across the UK towards the end of last year as economic recovery began to gather pace.
However, with the reading of the Water Bill (27 January) determining that commercial property in flood risk areas will soon not be entitled to compulsory insurance cover, only time will tell what impact this has on regional recovery. Continue reading →
According to the latest research from Savills, shopping centre investment volumes in 2013 reached £4.58 billion, which is an 70% increase on the £2.7 billion traded in 2012.
The international real estate advisor also notes that this increased weight of capital attracted to the sector resulted in average initial yields in Q4 2013 moving in significantly to 7.6% compared to 8.94% during the same period in 2012. Continue reading →
Retail rents in the world’s most expensive markets are expected to rise further in 2014 due to a shortage of prime available locations and a lack of new development, according to new research from global property advisor CBRE Group.
CBRE’s quarterly ranking of the world’s prime global retail markets saw little change in Q3 2013 with global and hot-growth markets continuing to lead the list. Retailers across all markets continue to target high-end shopping areas and international tourists. Continue reading →
Commercial real estate investors are showing greater appetite for risk in Europe as the overall market continues to grow and the recovery in both Ireland and Spain gathers pace, according to the latest data from global property advisor CBRE.
The trend of increasing commercial real estate investment that has been emerging in Europe over the course of this year continued in Q3 2013. Continue reading →
Emerging markets are offering interesting investment opportunities in terms of shopping centre development and existing assets, according to the latest Global ViewPoint released by CBRE.
It suggests that lack of suitable shopping centre product, particularly pronounced in mature markets across the globe, is prompting greater expansion into emerging markets by shopping centre developers and investors than is the case for other commercial property types. Continue reading →
Encouraged by tentative signs of improved occupational conditions, Knight Frank said it continued to see a diverse range of buyers in the market and expected current momentum to continue for the rest of the year.
Its UK Shopping Centre Investment report highlighted another strong quarter with robust number of deals in Q3.
CKD Galbraith reports significant signs of improvement in the commercial office sector as Edinburgh sees its strongest quarterly uptake in office space since the start of the recession in 2008.
The independent Scottish property consultancy found that overall take up in Q3 (July to September 2013) will be in excess of 270,000 sq ft – a 225% increase on the previous quarter (at approximately 120,000 sq ft). Continue reading →