Search Results for: commercial

Crown estate announces details of latest London commercial property developments

Crown estate announces details of latest London commercial property developments

The Crown Estate has unveiled details of its pipeline of commercial property developments in London’s West End.The Crown Estate has unveiled details of its pipeline of commercial property developments in London’s West End. According to The Crown Estate, the first three projects, which have a Gross Development Value of over £430 million, will deliver 250,000 sq ft of office, leisure and retail space in the heart of the Capital, which it claims will help to stimulate the renewal of the West End, attract global investment and contribute to the wider success of London. More →

Forget Cannes. Commercial property sector hits the North to great effect

Forget Cannes. Commercial property sector hits the North to great effect

Away from London and Cannes, the commercial property sector is holding meaningful forward looking conversationsAn hour or two on the train from that part of the UK that gets talked about most and much better optics for local authorities to chase private investment than the South of France, little wonder the UK’s Real Estate Investment and Infrastructure Forum (UK REiiF) proved so popular this year. Over 13,000 attendees descended on Leeds for three days in May this year, a figure all the more remarkable when considering the event only started in 2022 with nearly 4000 attendees, which it nearly doubled the following year. Back to 2024 then and housing was a strong focus but that’s not to say some interesting stories from the commercial property sector didn’t also arise. More →

Commercial real estate lending hits ten year low

Commercial real estate lending hits ten year low

New lending for commercial real estate fell 33 per cent last year to its lowest level since 2013, according to the latest bi-annual report from Bayes Business School, (formerly Cass). Researched and written by Dr Nicole Lux, Senior Research Fellow at Bayes Business School, City, University of London, the report also shows that a significant portion (42 per cent) of the £170 billion of loans outstanding will have to be refinanced within 12 months. Dr Lux expects that will cause ongoing stress in the market. More →

Tentative signs of recovery in UK commercial property market, says the RICS

Tentative signs of recovery in UK commercial property market, says the RICS

The 2024 RICS first quarter monitor for the UK commercial property market indicates tentative signs that the market is moving into a recovery phase, though there is still ample evidence that there remains a challenging backdrop. Higher borrowing rates are holding back investments along with other structural headwinds such as a weak economy, online shopping, working from home (WFH) and environmental concerns. More →

European commercial real estate market stumbles in 2024

European commercial real estate market stumbles in 2024

Dreams of a swift recovery in Europe's commercial real estate market have been dashed as the first quarter of 2024 witnessed a continued slump, marking the seventh consecutive quarter of decline according to new dataDreams of a swift recovery in Europe’s commercial real estate market have been dashed as the first quarter of 2024 witnessed a continued slump, marking the seventh consecutive quarter of decline. That is according to data released by MSCI Real Assets which paints a concerning picture, with completed commercial property transactions reaching a mere €34.5 billion in the first three months – a 26 percent drop compared to the same period in 2023. This translates to the lowest transaction volume since the third quarter of 2010, with the number of companies buying and selling properties also hitting a 12-year low. More →

Can commercial buildings shift from Carbon Conundrum to Carbon Control?

Can commercial buildings shift from Carbon Conundrum to Carbon Control?

A white paper challenging the building sector to consider what is really impeding the move to greater carbon control has been launched at an event in London by Artus. The heating and cooling experts have produced  From carbon conundrum to carbon control – how will the building sector get to net zero? to amplify the debate on whole-life carbon, design and the industry’s ability to move forward together to find solutions. More →

Act now on retrofitting if you want to boost commercial property values, new report argues

Act now on retrofitting if you want to boost commercial property values, new report argues

For European real estate owners and investors already on a journey to net-zero-carbon through retrofitting, upfront spending has the potential for long-term rent and capital-value accumulation, according to a new report from Colliers. Europe’s Renovation Wave [registration] explores the regulatory and societal pressures the authors claim is now driving an era of accelerated asset renovation, and the proactive actions investors, owners and occupiers can take to make sure their assets are not ‘left behind and stranded’ in the race to decarbonise the built environment by 2050. Retrofitting is also the subject of a special supplement published in the new issue of IN Magazine. More →

Commercial Interiors UK appoints new managing director

Commercial Interiors UK appoints new managing director

Commercial Interiors UK (CIUK), the Trade Association for the UK’s Commercial Interiors Sector has appointed Sean Holt as its new Managing Director. As the new Managing Director, Sean will be responsible for leading a dedicated team to deliver the revised strategy of CIUK following its recent re branding from BCFA, improving member engagement and  benefits, increasing membership and growing the CIUK events portfolio whilst working closely with  its media partner Design Insider to build on its growing reputation as the premier online portal dedicated to commercial interior designers and architects. More →

JLL claims it has unveiled the first GPT model for commercial real estate

JLL claims it has unveiled the first GPT model for commercial real estate

JLL offices London

JLL has announced the launch of JLL GPT, which it claims is the first large language model purpose-built for the commercial real estate sector. Developed by JLL Technologies, the firm claims the bespoke generative artificial intelligence (AI) model will be used by its 100,000 plus workforce around the world to provide CRE insights to clients in what it believes will be a whole new way. JLL’s extensive in-house data will be supplemented with external CRE sources, and the company plans to offer made-to-order solutions to clients later this year. More →

The retrofit of commercial property should be prioritised over new buildings

The retrofit of commercial property should be prioritised over new buildings

A retrofit first principle is advocated in a new reportA retrofit first principle is advocated in a new report, Transform & Renew – Making non-domestic buildings fit for a low carbon future from building consultancy Mace. That and other recommendations set out in the report aim to promote the re-use and repurposing of existing non-domestic buildings which make up about an eighth of total UK building stock but account for a quarter of its carbon emissions. More than 3.5m such buildings require retrofit in the next ten years, Mace suggests in the report. More →

MIPIM 2023 confirms that green sells. But is commercial real estate buying?

MIPIM 2023 confirms that green sells. But is commercial real estate buying?

MIPIM may have returned last year, but 2023 was the year it felt backMIPIM may have returned last year, but 2023 was the year it felt back. That was despite widespread concerns over the rising costs of refinancing and a banking crisis that started with the collapse of Silicon Valley Bank in the US and quickly moved to Europe, with Swiss financial regulators beginning to put together during MIPIM week the deal that would see UBS buy Credit Suisse in an emergency rescue. More →

Vast majority of IT managers prioritise commercial success over sustainability

Vast majority of IT managers prioritise commercial success over sustainability

A new poll claims that the vast majority of tech managers prioritise commercial success over sustainability, despite the fact that nearly all agree with the idea that sustainability is good for businessA new poll claims that the vast majority of tech managers prioritise commercial success over sustainability, despite the fact that nearly all agree with the idea that sustainability is good for business. The report from Software AG is based on a survey of 2,000 senior IT decision-makers from the US, Canada, UK, Germany and France. It suggests that most organisations prioritise commercial objectives over sustainability in the face of economic challenges. This is despite the fact that almost all (95 percent) leaders agree sustainability is either a top or high priority and a similar number (97 percent) agree that other firms’ sustainability credentials are either essential or important in their own buying decisions. The annual Reality Check reports seeks to investigate how technology initiatives can benefit both sustainability and commercial objectives. More →