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Office Market News

The UK Office Market Forecast for 2017

During 2016, the UK’s office market experienced a few ups and downs linked to political uncertainty and decreased consumer and investor confidence. In spite of this, the overall market performance did not stray far from what was expected: strong levels of leasing activity in the Big 6 office markets (namely Birmingham, Bristol, Edinburgh, Glasgow, Leeds and Manchester), sustained rental growth due to the limited availability of Grade A space in cities like Birmingham, Bristol, Leeds, Manchester, London, Cardiff, Edinburgh, and Glasgow, and a notable surge in the number of lettings closed in London towards the end of the year. Are these trends expected to continue during 2017?

Bristol Office Building Bought for £1.58M

Eagle One has acquired a Bristol office building for £1.58m from Mayfair Capital Property Unit Trust (MCPUT).

McLaren Lands £90m Mega-shed for Homeware Giant

McLaren Construction has won the contract to build a £90m distribution centre for homeware giant The Range near Bristol.

Edinburgh and Glasgow Continue to Lead Performance

Findings from CBRE’s Scotland Property Quarterly Report. Leading property consultant CBRE has released the findings of its latest Scotland Property Quarterly report, with statistics showing Glasgow and Edinburgh’s office and industrial markets to be the strongest performers in the twelve months to the end of Q1 2016.

LaSalle Buy Purley Way for £45 Million

LaSalle acquires prime south London retail park.

Green Light for £400m Kingston Town Centre Revamp

Joint developers British Land and Universities Superannuation Scheme have got the green light for a plan to regenerate Kingston town centre’s Eden Walk shopping centre in West London.

AXA IM - Real Assets buys Asticus Building for £80m

AXA Investment Managers - Real Assets has bought the Asticus Building in London for £80m on behalf of one of its funds.

London Experiences Boom in Budget Hotel Growth as Developments Move East

​London's budget hotel sector has experienced significant growth since the city hosted the 2012 Olympic Games, a new report reveals.
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