Nationwide has increased its share of the UK mortgage market to an unprecedented level. It has been aided by government programmes to support homebuyers, including the Funding for Lending Scheme offered by the Bank of England. The largest building... Read More
A redevelopment project for the Shell Centre has been granted planning permission by Lambeth Council, sparking a flurry of preparations for the coming year. Canary Wharf Group and Qatari Diar joint venture Braeburn Estates, who are co-managing the development... Read More
The results of a survey conducted by De Montfort University indicate that UK commercial property investors may be facing a £92 billion funding gap. About half of the £198 billion in bank loans may be "unrefinanceable on terms available in today's... Read More
Location, location, location, has long been the mantra for real estate buyers and tenants alike. Companies wishing to set up shop in prestigious high-rises on Fifth, Madison or Park Avenues have been prepared to dig deeply into their pockets for the... Read More
London’s Midtown district has been named as one of the leading office investment markets in Europe. Returns in Midtown hit 8.7 per cent in 2012, edging closer to the West End’s 10.6 per cent and, for the first time in three years, topping those recorded... Read More
Jim Flaherty, the Canadian Finance Minister, says he is not concerned about the recent increase in businesses spinning off real estate holdings into tax-preferred trusts. He stated recently, "We have seen an uptick in commercial real estate certainly in... Read More
British Land, which posted its full year results this week, has placed its mainland European retail portfolio up for sale in order to concentrate on expanding its core UK interests. However chief executive, Chris Grigg, is not expecting the disposal to be a... Read More
But are the returns worth the gamble? The commercial property market in Las Vegas has a definite perk for investors: low prices. Office buildings, strip malls, warehouses and other commercial properties are being offered for sale at approximately 20 per cent... Read More
Jones Lang LaSalle says that confidence is returning to the regional commercial property market and that it is "stronger now than at any point since the financial crisis." Tim Luckman, of the North West valuation advisory team, made the comment at the... Read More
The government’s change of use legislation, which is due to come into effect in England on May 30, threatens to descend into chaos as a number of local authorities are believed to be consulting lawyers over their failure to secure exemption. As we... Read More
