The CBRE Retail team is passionate about the retail market and serving our clients. With over 180 retail experts the team's passion for retail is matched only by their track record.
Our point of difference comes from the broad range of clients we advise and our ability to draw not only on our UK retail team but to access CBRE’s retail experts across Europe, Africa, Asia-Pac and the Americas.
By combining our unrivalled retailer insight and knowledge with our property expertise and skills and a commitment to really understanding our client's business and needs, we are able to provide the highest level of commitment to delivering the very best results for our clients.
Contact one of our experts today to find out how we can help you.
UK COMERCIAL PROPERTY SHOWS STRONG GROWTH IN MARCH
Across all UK commercial property, capital values continued to increase in March, growing by 1.1% over the month, resulting in capital value growth of 2.1% for the first quarter of 2014. Total returns were 1.6% for the month and 3.7% for the quarter.
Central London offices outperformed again but only marginally, with a total return of 2.0% driven by capital value growth of 1.7% over the month. While Central London remains the main driver of office sector growth, notable further improvements were seen in other parts of the country.
The industrial sector continued its strong performance in March and recorded the highest total return of the main sectors at 2.1%, which was driven by the large uplift in capital values (1.6%).
CENTRAL LONDON OFFICES CONTINUE TO DRIVE STRONG UK PROPERTY PERFORMANCE
Total returns for All UK Property were 1.1% in February, with capital values growing by 0.6% over the month.
Total returns for All Offices were 1.4% in February, with capital values increasing by 0.9% over the month. Central London offices were again the strongest segment, with West End and Midtown offices in particular showing strong capital value growth.
In the Industrial sector, total returns were 1.7% in February, with capital values increasing by 1.1% over the month. This is the tenth consecutive month where capital value growth has been positive in the industrial sector, with a total increase over that time of 8.9%.
The retail sector recorded a slight increase in capital values in February, with capital value growth of 0.1% and total returns of 0.7%.
News that the National Asset Management Agency (NAMA) have appointed Lazard to on the sale of its entire Northern Ireland property portfolio, following an approach by a potential investor, is set to dominate the headlines over the coming weeks considering the potential impact a large-scale sale would have for the market
It is likely to be the second quarter of 2014 before we witness any of large office transactions being signed
Prime office rents remain stable at current levels but we expect rents of up to £15 per square foot being achieved in the Belfast market by year-end
There have been clear signs of positivity emerging in the retail sector over recent months
Prime retail rents remain stable with little expectation of any increase being experienced in 2014 despite some signs of improvement in the retail sector over recent months
In the industrial sector, demand for small freehold industrial properties continues to strengthen
Over the coming months, attention will undoubtedly be on the entities that have considerable deleveraging to do in Northern Ireland and the pace at which they might bring assets or loans to the market with NAMA’s Project Eagle certain to be the main focus
ENCOURAGING START TO THE YEAR FOR UK COMMERCIAL PROPERTY
UK commercial property recorded total returns of 1.0% in January, which is slightly down on the 1.9% seen in December. Capital values continued to increase, growing by 0.4% over the month, which is a stark contrast to -0.2% recorded in January 2013.
Central London offices were again the strongest segment, with West End and Midtown in particular showing strong capital value growth. Outside of Central London, offices in Outer London/M25 and in the Rest of UK also continued to show capital value growth in January.
All Industrials recorded total returns of 1.2% in January with capital values increasing by 0.7% over the month.
The retail sector continued to show some improvements in January with total returns of 0.7% and capital value growth of 0.2%.
A STRONG DECEMBER FOR UK COMMERCIAL PROPERTY PUSHES TOTAL RETURNS FOR 2013 TO 11.5%
UK commercial property continued to improve in December with capital values increasing by a remarkable 1.4% over the month and 4.6% over the year. Total returns were also strong, reaching 1.9% in December and 11.5% for the year.
Central London offices were the strongest segment and all of the Central London areas (West End, City, and Midtown) showed very strong capital value growth with total returns of 16.7% over the entirety of 2013.
All Industrials recorded total returns of 1.9% in December with capital values increasing by 1.3% over the month.
The retail sector continued to show some improvements in December with total returns of 1.5% and capital value growth of 1.0%.