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
Edinburgh sees 35% rise in office take-up before coronavirus outbreak while Glasgow records decrease
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
Aberdeen’s office market enjoyed a healthy start to 2020 with a total take-up of 170,500 sq ft for the first quarter, representing a 362% increase on the Q1 2019 figure and a 72% increase on the five-year average for Q1, research by CBRE has revealed. There were a total of 19 deals, averaging
CBRE calls on Scottish Government to reconsider introduction of S13 Non-Domestic Rates (Scotland) Act
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
Global real estate advisor CBRE has announced the appointment of Gregor Porteous for its operational real estate (OPRE) team in Scotland. Gregor joins the firm from J&E Shepherd in Edinburgh where he was a commercial surveyor in the valuation team for over five years. He is a member of the Royal
New CBRE research has identified Aberdeen, Edinburgh and Glasgow as being among the top UK towns and cities outside London where multifamily, or build-to-rent (BTR), developments could increase due to growing demand for private rented accommodation over the next decade. CBRE analysis identified thre
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
Global real estate advisor CBRE has announced a total of thirteen promotions across its Scottish teams. In the Edinburgh office, Steven Hirst from the valuation and advisory services team has been promoted to senior director, while Caroline Tomczyk who works in lease consultancy and Alistair Wright
A major new industrial facility near Aberdeen International Airport has been forward funded to the tune of £11.5 million after being pre-let to an NYSE-listed engineering company.
A 5.96-acre site within the village of Carfin in Lanarkshire has been sold to Wilson Developments for an undisclosed sum.
Property consultant CBRE has announced the appointments of Moira Gordon and Kirsty Gordon from FG Burnett to its Scottish rating team in Aberdeen. Moira, who joins CBRE as a director, was recently promoted to head of rating having worked in FG Burnett’s Aberdeen office since 2010.
Property consultant CBRE has announced two appointments to expand and strengthen its Engineering Services team - part of the firm’s National Building Consultancy. (from left) Engineering Services appointees Gordon Black and Ross Henderson with national building consultancy director Alan Maxwel