South East Property DataProperty data, infographics and market reports for the South East of England.
South East Data
The industrial and logistics market is set to be hit by a slowdown in investment and a pause in much-needed speculative development as a result of uncertainty in the market following the UK’s vote to leave the EU.
Corporate office occupiers in London and the South East move, on average, under seven miles when they relocate to new premises, suggesting that retaining staff is a key factor driving decision making.
Investment in office assets in the South East of England hit £3.87bn last year - an all-time high, and some 22% above the previous market peak in 2006, according to Deloitte.
M&G Real Estate made headlines last week when it confirmed one of the biggest lettings in the Thames Valley market for a decade, with British energy company SSE leasing the entire 186,000 sq ft Number 1, Forbury Place in Reading town centre.
A strong performance in the regions saw investment in UK commercial property balloon to £36bn in the first half of this year - the second-highest total on record, according to Lambert Smith Hampton’s (LSH) latest UK Investment Transactions report.
Heathrow received the Davies Commission’s stamp of approval at the end of June as the preferred site for expanded runway capacity in the South East, but rents in its industrial market are continuing to fall behind those in rival west London location Park Royal.
South East News
Columbia Threadneedle has received planning permission for an amenity hub at its Croxley Park business park in Watford, Hertfordshire.