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CBRE Responds To The Chancellor's Autumn Statement
Also on CBRE UK TV
With supermarkets announcing they are scaling back their property pipelines, are we seeing the end of the grocery space race?
The amount of new supermarket space in the UK development pipeline has overtaken that of shopping centre floorspace for the first time ever, reflecting the strong demand for supermarket floor space.
UK commercial property total returns continued to improve in November, by reaching 1.6%, meaning it is at 9.3% for the year to date. Capital values increased, growing by 1.0% over the month and 3.1% so far in 2013, according to CBRE’s latest Monthly Index. If it continues at this rate, capital growth will reach 4.1% for 2013 and total returns will be 11%.
Our 4th December auction commences at 2pm at the Millennium Hotel, Grosvenor Square, London W1. With Guide Prices in this sale ranging from £35,000 to £3,750,000, we hope there is something here for everyone. We look forward to seeing you in the room.
Find out what impact Crossrail will have on the property market. The step change in both connectivity and capacity will open up new parts of London, as well as trigger wider investment and regeneration.