London, 21 February 2012 – Central London office take-up has witnessed a positive start to 2012 despite figures being below that of December. With some 840,000 sq ft transacted in January, it was 38% more than the same time last year, according to research by CBRE.
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London, 20 February 2011 – CBRE, on behalf of (SWIP) Scottish Widows Investment Partnership, has completed the £11.05 million sale of a retail warehouse unit in North London to Aviva Investors. The price represents a net initial yield of 5.98%.
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Leeds, February 2012 – Planning permission has been granted to link two industrial units at Anglesea Capital’s Sherburn Distribution Park just outside Leeds to create a 550,000 sq ft ‘supershed’. The unit will become one of only four new build units in excess of 500,000 sq ft currently available in the UK and is being created to meet the requirements of large retailers, manufacturers and logistics operators.
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CBRE Debt Advisory Team Expanded With Appointment of Irish Specialist.
CBRE expects to see banks across Europe continue to pursue sales of commercial real estate loans in 2012 as lenders seek to further streamline the process for reducing their exposure to property.
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Sovereign wealth funds (SWFs) and cash-positive pension funds from Asia and the Middle East are an emerging force behind the high level of global capital currently flowing into the Central London commercial real estate market, according to the latest research from global property adviser CBRE.
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