CBRE Monthly Shows UK Properties Stale

According to CBRE, February monthly index (PDF), all UK properties gained 0.4%, only a slight increase over January’s numbers. Overall, capital value growth remained unchanged at -0.2% for the fourth consecutive month. Capital values either remained steady, or showed a slight decline across office space and retail, according to the report.

Quadrant Estates Ventures Heat Up UK Market

According to news from Quadrant Estates, venture partners CarVal Investors, Orion Capital Managers, and the City of London Corporation announced the appointment of Skanska as building contractor at 100 Cheapside prime office development in London (illustration below). The 100,000 sq ft prime space, estimated to cost £28 million when completed in autumn 2014, is situated in the center of London, between the Bank of England and St Paul’s on the corner of King Street.

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