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Commercial Property News
London business property market 'showing signs of improvement'
London is one market where commercial property trading has improved from November 2009 onwards.
This is according to real estate adviser DTZ, which has identified the capital and Paris as two of its European Central Business Districts where confidence and activity are on the increase.
In its interim management statement, the company said that while signs of life in the business property market are "encouraging", it is still exercising caution.
"With economic uncertainty remaining around the globe and our markets showing varying degrees of recovery, we remain cautious," it noted.
DTZ also highlighted the work its retail investment team has done across the UK in recent months, citing the advising of Hammerson and Canada Pension Plan Investment Board on the £297 million acquisition of Glasgow's Silverburn Shopping Centre as one high-profile deal.
The firm, which has roots dating back to 1784, is London but also operates in a number of other cities around the UK - including Manchester, Liverpool and Newcastle - in addition to its international network of offices.
This is according to real estate adviser DTZ, which has identified the capital and Paris as two of its European Central Business Districts where confidence and activity are on the increase.
In its interim management statement, the company said that while signs of life in the business property market are "encouraging", it is still exercising caution.
"With economic uncertainty remaining around the globe and our markets showing varying degrees of recovery, we remain cautious," it noted.
DTZ also highlighted the work its retail investment team has done across the UK in recent months, citing the advising of Hammerson and Canada Pension Plan Investment Board on the £297 million acquisition of Glasgow's Silverburn Shopping Centre as one high-profile deal.
The firm, which has roots dating back to 1784, is London but also operates in a number of other cities around the UK - including Manchester, Liverpool and Newcastle - in addition to its international network of offices.
Tue, 16th Mar 2010