Flexible workspace operators are keen to expand in the regions and local authorities are keen to have them as part of a strategy to revive their high streets; but rolling out an identikit offer in every town is not the solution for either.
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There was a time when property management (PM) was all about collecting the rent on time and making sure facilities such as toilets were working properly. Not anymore.
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The economic macro is getting more supportive for real estate and REITs. Positive real interest rates remain restrictive – less so after the Federal Reserve’s jumbo 50-basis-point rate cut last week – but the Bank of England kept rates at 5%, with the yield curve righting as short-term interest rates fall below long term.
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Property Week's annual Best-Paid Executives Top 40 analysis has revealed a 15% dip in the total earnings of industry leaders, from £103.3m in 2022-23 to £89.9m, the fall in rewards reflecting a challenging market environment.
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Take-up of flexible workspace soared in H1 2024, according to the latest data from Savills and its specialist flexible office division Workthere.
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Mayor of London Sadiq Khan has set out bold proposals to transform Oxford Street into a traffic-free pedestrianised avenue.
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A new Labour government may have given the UK’s ‘big six’ housebuilders something of a boost, but the question many are now asking is: when will completion volumes rise?
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Property share prices rose 19% year on year in the second quarter of 2024, but dipped 1.28% on a quarterly basis, according to Property Week’s analysis of 27 property firms listed across the FTSE 100 and FTSE 250, based on London Stock Exchange Group data.
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With net zero targets drawing near – at least if the general election result goes the way the polls suggest – many are keeping an eye on the energy efficiency of their buildings.
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Demand for data centres in the UK continues to soar as more and more information is stored digitally. But significant challenges remain for those developing them; the power-hungry nature of properties of this type, and their impact on the National Grid, has left schemes facing long delays.
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Average UK house prices rose 0.1% month on month in April, an improvement on a fall of 0.9% in March, after house prices “largely plateaued” in the early part of the year, according to the latest index from Halifax.
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Investment in UK purpose-built student accommodation (PBSA) in the first quarter of 2024 hit nearly £750m, according to Knight Frank.
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Logistics and living sector assets are expected to top capital deployment lists for cross-border capital this year, according to research by Knight Frank.
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New lending for UK commercial real estate plummeted 33% to £32bn in 2023, the lowest level since 2013, according to Bayes Business School.
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Prime office assets are expected to realise annual total returns of up to 11% over the next five years, with key regional markets seeing the strongest returns, according to new figures from BNP Paribas Real Estate.
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Almost £10bn of “investible opportunities” across London are being showcased as part of a new investment prospectus for the capital.
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Thousands of Britain’s pubs, restaurants and hotels have run out of cash reserves, leaving them in a “perilous state”, according UKHospitality, the British Beer and Pub Association, the British Institute of Innkeeping and Hospitality Ulster.
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Bad commercial real estate loans have overtaken loss reserves at the biggest US banks after a sharp increase in late payments linked to offices, shopping centres and other properties.
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Real estate has continued to be the most distressed sector in Europe on the back of high interest rates, falling values, elevated energy and construction costs and expensive financing, according to law firm Weil Gotshal & Manges.
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The number of listed real estate companies on the London Stock Exchange has hit its lowest level in more than two decades, with many of the remaining REITs now “uninvestable” unless consolidation continues.
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