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...Blackstone would probably look to lure the likes of Microsoft, Google, Amazon or Meta as a tenant for the site....
...While London was the worst performer, registering a 4.8 per cent annual contraction, Scotland was the best, recording a rise of 5.6 per cent....
...There were large regional variations, with house prices rising at an annual rate of 4.8 per cent in Scotland but contracting 3.9 per cent in London....
...Rents still account for a large, but falling portion of tenant’s earnings, with the average UK renter spending 28.4 per cent of their income on rent, according to Zoopla’s September rental report....
...In Yorkshire and the Humber, just 4 per cent of homes fall into the bracket, while the north-east has no markets over the level....
...British Land said its office vacancy rate was about 4 per cent, half the London average....
...Bristol, Exeter and Glasgow had the highest level of rents among university locations, with rents in Glasgow climbing by 20.4 per cent over the past two years....
...Hammerson has been working to repurpose spaces formerly occupied by traditional “anchor tenants” like Debenhams or House of Fraser by breaking up the large units and leasing them to multiple tenants....
...Once the tenant leaves, you sell,” said Stuurman....
...That is a big push for a group that generates €4.5bn of cash flow a year. It also means Kering has a lot on the go....
...Justin Moy, managing director at broker EHF Mortgages, said the figures made “grim news for tenants”....
...The local authority for West Lothian, west of Edinburgh, says the number of private properties available for rent in its area declined by 4.9 per cent in the year to March 2023, to 6,148....
...Residential property appears to be faring better, supported by strong demand from tenants and growing rents. Don’t believe that will last....
...But in the rental market, the Rics index tracking tenant demand fell to its lowest since January 2021....
...British Land forecast strong growth in commercial rents next year thanks to “resilience in the UK economy” and good demand from tenants....
...Policymakers should focus on other solutions, such as ways for tenants to gradually buy equity off their landlords, she adds....
...He was proved prescient during the 2008 financial crisis, selling his company in 2007 and then returning to the market in 2009 to buy about $4.5bn in offices over the next two years....
...The project has been through three government business case approval processes and has already created 4,635 jobs through signed contracts, leveraging £2.1bn in private sector investment, STDC said....
...The consumer prices index fell from 4 per cent to 3.4 per cent in February, the lowest since 2021....
...Prices paid by tenants rose 5.3 per cent in the 12 months to July, the largest annual percentage change since the Office for National Statistics data series began in January 2016....
...In 2019, Berlin tenants mounted an “Expropriate Deutsche Wohnen” campaign, after the property group clumsily hiked rents....
...Earlier this month, ministers also revived plans to proscribe “no-fault” evictions, where tenants are thrown out of rental accommodation at short notice and without explanation....
...Nonetheless, its office rental income fell 4 per cent for the first half from a year earlier to Rmb612.3mn....
...It added there was wide variance between regions, with an average of 7.1 years in Wales compared with 4.4 years in the Southeast....
...The move is underpinned by strong demand from corporate tenants for high-end offices, especially in London’s West End. The company reported a 3.5 per cent vacancy rate for its office portfolio....
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