Belfast office sector has enjoyed its most successful year ever

Belfast office sector has enjoyed its most successful year ever

The office sector in Belfast has enjoyed its most successful year on record, with 885,023 sq ft of take-up reported across 84 transactions, more than double that was achieved last year, according to CBRE’s Offices Marketview research. Notable office deals completed in 2018 include PwC’s move to Merchant Square, Northern Ireland Civil Service to 9 […]

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UK cities joining the global movement to net zero building

UK cities joining the global movement to net zero building

The UK is joining a global drive towards a ‘net zero carbon’ future, with its biggest cities setting ambitious decarbonisation targets in an effort to reduce their impact on the environment. Manchester plans to be a carbon-neutral city by 2038, while Bristol aims for full decarbonisation by 2030. In London, all new buildings will be net zero […]

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Largest ever speculative office development in Bristol gets green light

Largest ever speculative office development in Bristol gets green light

AXA Investment Managers – Real Assets (AXA IM – Real Assets), along with development manager Bell Hammer, is to commence construction of the initial phase of its 300,000 sq ft mixed-use Assembly Bristol regeneration project, having appointed Galliford Try as the main contractor. The construction contract and initial work has commenced for Building A which […]

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Central London office investment last year reached highest level since 2014

Central London office investment last year reached highest level since 2014

Investment in Central London offices totalled £5bn in the final quarter of 2018, bringing the year-end total to £17.6bn, a 10 percent rise from 2017 and the highest level since 2014, according to data from CBRE. The final quarter of 2018 saw a 16 percent quarterly rise in investment volumes compared to Q3 2018 and […]

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Northern English cities bear brunt of government spending cuts

Northern English cities bear brunt of government spending cuts

The UK’s cities, and especially those in the North of England have borne nearly three-quarters (74 percent) of all real-terms local government funding cuts in the last decade despite being home to just 54 percent of the population, according to Centre for Cities’ annual Cities Outlook 2019 report – the Centre’s annual health check on […]

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London remains top gateway city in the world for commercial property investors

London remains top gateway city in the world for commercial property investors

London maintained its position as the top city for global real estate investment in 2018, according to research published today by JLL. The report claims that investors continue to favour cities they are familiar with and that have well-established investment markets and high levels of transparency. Well-known, large gateway cities with the world’s deepest concentrations […]

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Regional office occupier markets enjoyed record breaking level of take-up in 2018

Regional office occupier markets enjoyed record breaking level of take-up in 2018

There was a record-breaking rate of take-up within the regional office occupier markets outside of London and the South East in 2018, with few signs of Brexit-related uncertainty, according to an analysis by CBRE. Across the ten regional cities monitored by CBRE, provisional analysis shows that overall take-up reached nearly 7.3m sq ft. This level […]

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Demand for office space in Edinburgh city centre augmented by a lack of supply

Demand for office space in Edinburgh city centre augmented by a lack of supply

An acute lack of supply in Edinburgh’s city centre will push up office rents to over £35 per sq ft in 2019 according to the latest estimates by Savills, which suggests that rental increases and lack of supply may cause certain organisations to consider opportunities on the city’s western periphery. The latest research from the […]

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Record take up in Northern Ireland office market amid concerns over future investment

Record take up in Northern Ireland office market amid concerns over future investment

The Northern Ireland office market had a record year in 2018, with a 100 percent increase in take-up, according to the latest figures from CBRE. The Northern Ireland (NI) office sector enjoyed its most successful year on record with 885,023 sq ft of take-up reported across 84 transactions, more than double that achieved last year. […]

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Demand by global businesses for London office space remains high

Demand by global businesses for London office space remains high

Office investment volume in Central London in 2018 is expected to come close to £20 billion, despite the ongoing economic and political uncertainties of Brexit. According to Savills London witnessed notably above average levels of office take-up in 2018 and achieved the best ever City of London rent (£80 per sq ft). The list of […]

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Accelerating rate of digital tech and smart buildings to transform the built environment

Accelerating rate of digital tech and smart buildings to transform the built environment

Technology is in the process of transforming almost every aspect of society, with change happening at an “accelerating rate,” and this is being made possible due of simultaneous rapid advances in several key areas of technology. This is according to a new White Paper on ‘Megatrends: Smart Building Technology’ from BSRIA (registration required) that predicts […]

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Asia increasingly challenging economic hegemony of western cities

Asia increasingly challenging economic hegemony of western cities

Oxford Economics has published its annual Global Cities research report projecting the shifting landscape of the world’s leading cities from 2019 to 2035. It examine which major cities will be the urban superpowers of the future and which are poised for the most rapid expansions of their economies, populations and business heft. Its main finding […]

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