The latest CBRE office market research has revealed a modest performance across Glasgow and Edinburgh cities in the first quarter of 2021 as the country endured lockdown restrictions. Take-up for the Glasgow office market totalled 74,641 sq ft, a 62% drop from the same period in 2020 and 64% down on
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Plans for a new business park in Aberdeen on the site of Trafalgar House in Altens have been lodged with the council.
Real estate advisor CBRE has secured a new restaurant occupier for a high-profile unit in Glasgow city centre, on behalf of the landlord CBRE Global Investors.
The latest research by global real estate adviser CBRE has revealed a positive end to 2020 for the Aberdeen office market, with a take-up of 155,926 sq ft for the final quarter. Whilst this is down 34% on the same period in 2019, it is 26% up on the five-year average of 123,307 sq ft for Q4.
The office market in Edinburgh remained robust in 2020 despite the upheaval of COVID-19, according to the latest figures on the office markets in Edinburgh and Glasgow released by CBRE. Over the final quarter of 2020, office take-up in Edinburgh totalled 103,444 sq ft, which is only a 2.46% decrease
Titan Investors has announced it has secured FedEx as the first occupier for its new 20-acre logistics park Aberdeen One. FedEx has pre-let 43,500 sq ft on a 15 year lease. Under the development agreement an existing 70,000 sq ft warehouse will be stripped back to its structural frame and extensivel
The Scottish office market's performance saw 'marked improvement' in the third quarter of this year, according to real estate advisor CBRE. Over the third quarter of the year, office take-up in Edinburgh was the highest it has been since Q2 2018, with 315,977 sq ft of office space transacted, a 135%
Edinburgh saw a record low number of office take-up deals in the second quarter of this year as the coronavirus pandemic heavily impacted the sector, according to the latest office market figures from CBRE. Over the second quarter of the year, office take-up in Edinburgh totalled 26,876 sq ft, an 84
Global real estate advisor CBRE is urging the Scottish Government not to delay the planned business rates revaluation in 2022 following the UK Government’s announcement to postpone the 2021 revaluation in England. CBRE said it is aware that a deferment of the Scottish 2022 Revaluation and
CBRE has announced the launch to market of Portcullis House in Glasgow, representing a rare opportunity to acquire a detached office building in the heart of the city with extensive redevelopment opportunities. Located at 21 India Street, Portcullis House occupies a substantial heritable island site
The latest office market data gathered by CBRE has revealed that office take-up in Edinburgh in the first quarter of 2020 increased by 35% to 130,640 sq ft, signifying a positive start to 2020. Although 32% is below the five year average of 193,603 sq ft for Q1, CBRE has said this can be partly attr
Global real estate advisor CBRE is urging the Scottish Government to reconsider the introduction of a section of the Non-Domestic Rates (Scotland) Act which will remove Scottish businesses’ rights to lodge rating valuation appeals based on economic changes. Brian Rogan, head of CBRE Scotland&r
Investors from the Middle East have deployed £230 million into Scotland in 2019, according to real estate advisor CBRE. A total of £880m was invested by businesses across the UK regions with £650m injected into central London.
CBRE has released its latest figures on Scotland’s office market, revealing an encouraging performance despite ongoing political uncertainty. The final quarter of 2019 saw Glasgow office take-up of 248,207 sq ft, bringing the 2019 total to 856,410 sq ft. The take-up for the quarter was 12.17%
The real estate sector should gain momentum in 2020 after a Brexit withdrawal agreement is reached, according to CBRE’s UK Real Estate Market Outlook 2020. CBRE forecasts that the UK economy will have a slow start to 2020, before picking up in Q2. It forecasts continued real earnings growth, d