LONDON-Mayor Ken Livingstone has unveiled his long-awaited Spatial Development Strategy--the blueprint for development in London over the next 15 years. It envisages a massive increase in commercial and residential development to take some of the pressure off the capital's overheated economy.
LONDON-One of the hottest industrial rents ever achieved in south-west London underlines the shortage of new development in the area as a Swedish electronics company takes a 33,000-sf unit beside the M3 in Sunbury.
LONDON-Despite a slight fall in take-up, there is little sign of a weakening in the UK's regional office markets according to the latest survey from DTZ.
LONDON-David Pearl's Structadene has bought the freehold of Grosvenor Gardens House, London SW1 from clients of Clerical Medical. The multi-let property attracted strong interest especially from property companies.
LONDON-Colliers CRE is forecasting that retail property will outperform all other property sectors over the next two years. Total returns on retail property are set to double from 5.5% in 2002 to 11.1% this year, the firm forecasts.
LONDON-Developer Minerva has made a planning application for the City's first million-sf building on the St Botolph's site on the eastern fringe of the City. The Grimshaw-designed Minerva Building will feature two towers, one of 650 ft.
LONDON-The UK's traditional long lease is on the way out, according to new research from Chesterton. More than 500 property professionals were polled and a vast majority expect leases of five years and less to be commonplace by 2007.
LONDON-Homeowners have more confidence in the housing market than at any time in the last four years according to the latest Woolwich consumer confidence research. Despite soaring house prices 64% of consumers are still confident about the market.
LONDON-The UK's traditional long lease is on the way out, according to new research from Chesterton. More than 500 property professionals were polled and a vast majority expect leases of five years and less to be commonplace by 2007.
LONDON-Chartwell Land, the property arm of the retailer Kingfisher has continued to rebalance its portfolio with the sale of the Carnegie Retail Park, Dunfermline, Scotland to a joint venture between Bank of Scotland and two private investors.