LONDON-UK businesses lose pounds 18 billion ($26 billion) per year through the inefficient use of property assets, according to new figures published by the Royal Institution of Chartered Surveyors.
LONDON-The office market in the Welsh capital has continued to flourish with strong rental growth driven by the expansion of large financial, telecom and legal occupiers, according to new research from Atis Real Weatheralls.
LONDON-Land Securities has been granted planning permission for a third phase of its successful Caxtongate retail development in Birmingham city centre.
LONDON-Amsterdam, long one of Europe's tightest office markets, is in danger of moving into oversupply, according to a new report from Catella Property Consultants.
LONDON-Investment volumes in single-asset hotel properties fell across Europe during 2001, according to analysis by Jones Lang LaSalle, as investors focussed on portfolio deals.
LONDON-Law firm Clifford Chance has exercised an option to take an additional 215,000 sf in the HQ5 building at Canary Wharf, meaning that it will now occupy the whole of the one million-sf building.
LONDON-Troubled data centre operator Globix--which has just emerged from Chapter 11 protection--has paid Derwent Valley Holdings a substantial reverse premium to shed over 100,000 sf of space in the City of London.
LONDON-Dublin-based Merrion Property Group has sold two key retail holdings in Northern Ireland, to a local investor. The sale included the park centre, the major shopping mall serving West Belfast.