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CBRE Wins Contract For Airbus’ UK Facilities Management

Press Releases   •   Oct 29, 2014 10:45 GMT

CBRE, the global real estate advisor, today announced it has been appointed to provide facilities management (FM) services to Airbus at its two UK sites.

Following a tender process, CBRE was awarded the contract through its recently acquired technical engineering services arm, Norland Managed Services. The company will deliver mechanical and electrical engineering, building fabric, commercial and industrial cleaning, waste management, transportation and mailroom services, and grounds maintenance.

The agreement also includes a partnership between CBRE, Axis Cleaning and Support Services, and Biffa Integrated Resource Management, to provide cleaning and waste management services.

Ian Entwisle, CEO, Global Corporate Services (GCS) EMEA, CBRE commented:

“This appointment reflects the strength of our integrated FM credentials including our track record of operating in critical environments. Bringing these services under one contract will provide Airbus with many benefits including a single source provider, cost efficiencies and unrivalled expertise and knowledge in the integrated facilities management arena.”

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

CBRE, the global real estate advisor, today announced it has been appointed to provide facilities management (FM) services to Airbus at its two UK sites.

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CBRE Reports One Minute Less Commuting Time Increases House Prices By £11,400

Press Releases   •   Oct 29, 2014 09:00 GMT

Property prices are a third cheaper in locations 30-35 minutes commute from Central London, CBRE has reported in its latest Regional Land report. The findings also reveal that an increase of one minute travel time reduces a house price value by around £11,400.

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Prime Central London Continues To Appeal As Hub For International Investment In Residential Real Rstate Market

Press Releases   •   Oct 28, 2014 10:20 GMT

As central London continues to enjoy an annual average house price growth of 10% since 2009, CBRE reports how this global city compares with other prime residential locations.

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CBRE Appointed By AXA Real Estate For West London Opportunity

Press Releases   •   Oct 28, 2014 09:30 GMT

CBRE, the global property advisor, has been appointed by AXA Real Estate to manage 77 Fulham Palace Road (FPR), the newly acquired 193,000 sq ft estate in Hammersmith, London.

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CBRE Motors To The Finish Line With Silverstone Brief

Press Releases   •   Oct 24, 2014 10:00 BST

CBRE, the global property advisor, has been appointed by MEPC to manage its latest acquisition the 2.4 million sq ft Silverstone Park (“Silverstone”).

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CBRE sells Project Leopard on Behalf of Glanmore

Press Releases   •   Oct 17, 2014 10:21 BST

CBRE Capital Advisors, on behalf of the Glanmore Property Fund, has sold Project Leopard for over £80 million to a joint venture partnership between Edinburgh House Group and Cerberus Capital Management.

The portfolio comprised six UK shopping centres, totaling c850,000 square feet:

  • The Aberafan Shopping Centre, Port Talbot (268,370 sq ft)
  • The Guildhall Shopping Centre, Stafford (138,680 sq ft)
  • The Loreburne Shopping Centre, Dumfries (88,678 sq ft)
  • The Quadrant Shopping Centre, Dunstable (133,012 sq ft)
  • The Swan Shopping Centre, Kidderminster (98,053 sq ft)
  • The Fleet Walk Centre, Torquay (124,737 sq ft).

Nick Harvey-Jones, Senior Director, CBRE Capital Advisors commented:

“We received a strong level of interest in this shopping centre portfolio, which illustrates the continuing strength of the portfolio market and investors’ increasing risk appetite.”

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

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Central London Supply Crunch Continues

Press Releases   •   Oct 15, 2014 12:50 BST

Availability in the Central London office market is at its lowest level for six and a half years, according to data released by CBRE, the global property consultant.

According to CBRE’s Central London Office MarketView, Q3 2014 office availability (including space that will become ready-to-occupy within 12 months) fell to 12.2 million sq ft, a 28% fall on the same point last year. Central London office availability has been trending downwards for a sustained period of time, seeing quarterly decreases in each of the last five quarters. Availability is significantly lower now than at the same point 12 months ago in all Central London markets.

Relative to trend, availability in the City is the lowest in Central London, being 27% below the 10-year average at 5.0 million sq ft. Availability in the West End is also at a cyclical low-point of 3.7 million
sq ft, 26% below trend.

The supply of ready-to-occupy space in Central London fell to 8.3 million sq ft in Q3 2014, a 400,000 sq ft fall in the space of one quarter. At the same point in 2013, ready-to-occupy availability was 11.5 million sq ft.

The decrease in ready-to-occupy availability caused the Central London vacancy rate to fall to 3.7%, significantly lower than the 5.2% observed in Q3 2013. Vacancy rates in certain West End submarkets fell to extremely low levels in Q3 2014, being below 2% in Soho (1.8%), St James’s (1.8%) and Victoria (1%).

It is likely that availability of ready-to-occupy space in Central London will continue falling for the remainder of the year into 2015. From 2016 onwards, CBRE calculate that the development response will cause supply to increase, but will remain below the 10-year average throughout the five-year forecast period. There is a total of 18.9 million sq ft of speculative development space due for completion in Central London, over 50% of which is located in the City.

Phillip Howells, Executive Director, CBRE said: “An increase in occupier activity coupled with a limited development pipeline has led to a supply crunch. The low levels of vacancy have fed through to the market in terms of rental growth, with all Central London markets seeing increases in prime rent of varying degrees in 2014. With availability set to fall further throughout this year and into 2015, prime rent levels are expected to grow strongly in the medium-term.”


 

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

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CBRE Planning Team Appointed On City Tower

Press Releases   •   Oct 03, 2014 09:58 BST

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Overseas Buyers Dominate Central London Office Investment

Press Releases   •   Oct 02, 2014 10:09 BST

Overseas investors accounted for 72% of all investment in Central London office space in Q3 2014, according to the latest research by CBRE, the global property advisors. This is an increase from 68% in the previous quarter and up from 46% during the same period last year.

North American investors, particularly from the USA, were most active with notable transactions including Blackstone’s acquisitions of 25 The North Colonnade for £165m and 125 Old Broad Street for £320m and also Tishman’s £210m purchase of The Point at Paddington. Asian investors were also very prominent in Q3, with deals including Cathay Life’s £312m purchase of the Woolgate Exchange in the City (the first Taiwanese purchase in Europe) and Temasek’s, the Singaporean Sovereign wealth fund, acquisition of a half share in Mid-City Place for £181.3m,

A total of £3.39bn was transacted in Central London offices in Q3, a 17% decrease from Q2 levels (£4.09bn) and down 20% on Q3 last year (£4.25bn). Year to date transactions totaled £10.22bn compared with £11.4bn last year a fall of 10%.

Simon Barrowcliff, Head of International Capital Markets for Central London, CBRE said:

“Once again, overseas investors remain the most active, accounting for 72% of transactions in Q3. We can attribute this not only to London’s strength and stability in the global market place but also to a strong rental growth story, now firmly established. It is interesting to note that the level of overseas demand has remained consistently strong even in the face of a significantly more expensive sterling. In particular Blackstone’s strong recent showing in the market underlines the fact that even traditionally higher return focused investors continue to see value in London.

“The drop in transaction levels from the same period last year (transaction levels are 10% lower than this time in 2013) reflects again a lack of available opportunities - there is continued strong demand from domestic and overseas investors. A number of large opportunities, including the HSBC tower in Canary Wharf and the Gherkin, may prove the catalyst for transaction numbers to improve significantly in Q4, although are very unlikely to reach last year’s record levels of £19.9bn, which were the highest since the crash in 2008.”

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

Overseas investors accounted for 72% of all investment in Central London office space in Q3 2014, according to the latest research by CBRE, the global property advisors. This is an increase from 68% in the previous quarter and up from 46% during the same period last year.

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UK University Estates Turnover Hits £27 billion

Press Releases   •   Sep 24, 2014 09:00 BST

- University Sector Turnover Equivalent To Fourth Largest FTSE Company - Higher Education Capital Expenditure Greater Than Entire Crossrail Budget - Universities Occupy 26 million m2 (280 million sq ft ) – Over 2.5 Times The Size Of The Government’s Estate (10 million m2 (107 million sq ft )

Contacts 13 contacts

  • Press Contact
  • Senior Director, FTI Consulting
  • Corporate, Central London, Capital Markets, Real Estate Finance
  • kieron.smith@fticonsulting.com
  • 020 7269 9363
  • 0751 559 7660

About CBRE

Welcome to CBRE's UK newsroom

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.