Commercial property

Commercial property

DHP to put Odeon site up for sale screening

IN AN attempt to draw the curtain on the controversy surrounding the former Odeon cinema building in Edinburgh, developer Duddingston House Properties is putting it on the market for a three-month period at the end of the summer.

'Welcome signs' of office rentals stabilising

PROPERTY agents have welcomed an increase in the number of office rental deals in Edinburgh as a sign that the market has stabilised.

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Hopes of a bounce hit by reassessment

THIS may come as bad news for anyone concerned about the likely length of time required for commercial property to recover from the recession: the market never wholly got over the previous recession.

Aberdeen rents knock capital off top spot

THE most expensive place in Scotland to rent property is now Aberdeen's sought after West End, leaving Edinburgh's New Town lagging in second place, according to new figures.

Growing demand for office space helps market in Scotland's cities

DEMAND in the Scottish office market has strengthened in the first half of the year, according to a report published yesterday by commercial property advisors CB Richard Ellis.

Crown Estate hit by Edinburgh property sales and harsh winter

SNOW, flooding and the sale of two properties in Edinburgh hit the Crown Estate's full-year profits, according to figures published yesterday.

Glasgow demand on the rebound

DEMAND for office space in Glasgow has rebounded from lows in 2009 as occupiers take advantage of low rents in new-top of-the-range buildings, a report found yesterday.

A capital idea that may cause problems

IT IS no secret that the Glasgow office of BNP Paribas Real Estate faces the prospect of closure and its operation integrated with that of Edinburgh, where a 21-strong team is housed.

Winds of change on Dundee's waterfront

ONE regrettable consequence of building the Tay road bridge was the demolition of Dundee's Royal Arch, a huge decorative structure built between 1849 and 1853 to celebrate an earlier visit by Queen Victoria and Prince Albert.

Land Sec takes £250m for prime London site

PROPERTY giant Land Securities has agreed to sell of one London's most significant development projects to Qatari firm Barwa Real Estate for £250 million as foreign demand for prime UK property soars.

Georgian office has much to recommend

FROM time to time a fairly nondescript office building in the centre of Glasgow attracts the attention of camera-clicking tourists.

Property-price decline writ large

THE full extent of the decline in commercial property values in Scotland over the past three years has been exposed in a new report by the Scottish Property Federation.

Edinburgh named as investment hot spot for office properties

EDINBURGH is one of five UK cities in which the commercial property market is currently rated as a good investment location, according to research published yesterday.

Seafront retail centre rising with the tide

ALTHOUGH most of our coastal towns – just like other urban areas of any size – are likely to boast a contemporary, covered shopping centre, it is unusual for such purpose-built retail facilities to extend almost to the seafront itself.

Poundland's money as good as anybody's

WOOLWORTHS was one of those retailers that many of us only started to fully appreciate once it was gone.

Turnaround in property swings Land Securities back into profit

THE company behind some of Scotland's biggest retail developments, including Livingston's The Centre, has hailed a "dramatic turnaround" in the commercial property market after swinging back into profit.

Commercial property market loses momentum

COMMERCIAL property values rose 0.8 per cent in April, half the growth rate in March as the market's run-up in prices lost momentum, the Investment Property Databank (IPD) said yesterday.

Prime office rental rates remain floored

THE headline rent of prime office space in Edinburgh city centre has dropped in the past year from £29.25 per sq ft to £27 per sq ft, according to figures for the first quarter of 2010 revealed by Cushman & Wakefield.

Builders advised to sell small plots amid sluggish land prices

HOUSE-BUILDERS in Scotland will continue to be under pressure as the value of their land banks stays depressed amid a lack of lending and as local authorities lift the cost of development, according to a new report.

Battered office rental sector holds ground

OF THE three main letting areas of commercial property, the office sector is believed to have suffered most in the current financial crisis.

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