Cornwall & Isles of Scilly Local Enterprise Partnership (LEP) welcomes the Government’s announcement that its application for funding for the Newquay Enterprise Zone Business Park has taken a positive step forward.

UK commercial property performance was positive in May with capital values increasing by 0.1% across UK All Property, according to the latest CBRE UK Monthly Index. So far this year, UK capital values have declined by 0.3%. For the month, total returns remained at 0.6% delivering 2.4% over the year to date.

American Realty Capital Global Trust, Inc. announced that it had acquired an office building leased to Everything Everywhere (the "Property") located in Merthyr Tydfil, United Kingdom.

Some welcome upbeat news from Property expert, Charlotte Bland at Caxtons Chartered Surveyors.

Green shoots in property market good news for investors

Property experts Caxtons Chartered Surveyors are exhibiting at The Business Show being held at London's ExCel Centre later this week on June 6th and 7th. If you are going the the show (please check out our events pages) and you want an update on the UK Property market please call in on their stand number 698 and speak to the experts.

IM Properties has shown a major sign of confidence in the economic recovery by becoming the UK’s first developer in five years to speculatively build large scale industrial warehousing.

CBRE has been appointed to provide real estate services to Itella Real Estate Oy, across the firm’s 7.5m sq ft portfolio in nine European countries.

2013 has started strongly for the European retail real estate investment market according to research by Jones Lang LaSalle. Activity totalled €5.1bn during the first quarter, up nearly 60% in comparison with Q1 2012.

Leicester and Leicestershire’s presence at MIPIM this year has generated unprecedented excitement and enthusiasm for economic growth. The strong political support and leadership from the City Mayor, Sir Peter Soulsby, and the Leader of Leicestershire County Council, Nick Rushton, has not only galvanised the relationship between our City and County but has also given businesses the confidence and reassurance  they need to invest .

Savills market report - Germany Investment 2012 is now available. A concise overview of the German Property market, the report is recommended sector reading.

Modern residential property in Guangdong Province

China may see a small increase in property transactions involving international investors in 2013, fuelled by the economic recovery, experts from LaSalle Investment Management said on Tuesday (26/2/2013).

O’Donnell in Mexico has announced that Integrated Micro-Electronics Mexico (“IMI”) recently extended its operations in Guadalajara by leasing 75,951 sq. ft. as part of a 166,885 sq.ft. multi-tenant building at El Salto Industrial Park located at the Municipality of El Salto, Jalisco. Some of O’Donnell’s distinguished customers in Jalisco include: Honda de Mexico, CEVA Logistics, Mannesmann Automotive, NKP Mexico, Rain Bird, Omnilife, ABC Logistica among others.

The world's sixth largest flavour and fragrance production group has opened 4 new manufacturing units at its Bar-sur-Loup plant.

On Friday 8th February 2013, the world's sixth largest flavour and fragrance production group, V.Mane at Fils opened four new microcapsule manufacturing units at its La Sarré site in Bar-sur-Loup on the Cote D'Azur in France.

An expansion of over 1,800 m² at a total cost of 32.5 million euros "directly creating around one hundred jobs", Jean Mane, CEO of the family company was delighted to announce in front of many elected officials. The facility is now spread across 5,088 m². Over the 2009-2010 period, the first extension of La Sarrée cost 17.5 million euros. Mane will therefore have invested a total of 50 million euros over the last four years to strengthen its flavour and fragrance manufacturing capacity on this site. In five years, it has also sustained 300 flavour and perfumery sector jobs across these facilities.

In addition to this extension of its Alpes-Maritimes production site, which is the final phase of expansion works for the flavour and fragrance manufacturing unit for the development of seamless capsules, the group is planning new developments in 2013 in China, Indonesia (construction of factories), Japan (purchase of a small building), the United States (expansion of its production facilities) and Brazil.

V.Mane et Fils, founded in 1871, is still a 100% family-owned company with 40 subsidiaries and 21 production facilities across the world. It invests 9% of its turnover in R&D, totalling 530 million euros in 2011.

Find out more at: www.mane.com/

LondonMetric Property Plc (“LondonMetric”), the UK REIT recently created through the merger of London & Stamford Property Plc and Metric Property Investments plc, announces its first acquisition with the purchase of a portfolio of six retail warehouse assets. The total consideration is £92.4 million (net of acquisition costs) reflecting an average net initial yield after purchasers’ costs of 7.8%.

Lower Manhattan Commercial Property Values and Rents Damaged by Hurricane Sandy, Say Local Real Estate Executives

We recommend the Savills Asia Pacific Real Estate Investment Country Guides 2H/2012 which have just been updated with the latest information available. In what is always a very fast-moving legislative environment big differences also exist in market practice, not just between countries, but also between cities.  They have set out some of these key differences in a straightforward but comprehensive document which we think you will find useful.

For a copy please contact Simon Smith at ssmith@savills.com.hk.

A TEXAN oil and gas company, which is creating dozens of hi-tech jobs in Derby, has agreed a deal for offices on Pride Park reports the Derby Telegraph.

Cameron, one of the world's largest producers of equipment for the offshore oil and gas industry, has exchanged contracts to take the whole of the second floor of Capital House.Cameron hopes to receive the keys to the property later this month, after which it will begin fitting out the 4,500sq ft premises. It is hoped the offices will be fully operational by the end of next month.

CapitaMalls Asia Ltd has been awarded a prime site to build a shopping mall in Wuhan for 660.0 million yuan (about S$128.4 million).

Mainland Chinese investment in commercial real estate around the world will continue to grow this year as Chinese companies are encouraged to invest abroad. Hong Kong, the United Kingdom, the United States, and Australia are the preferred destinations for mainland property investors, which include big private corporations as well as state-owned enterprises, according to Alastair Hughes, chief executive of Jones Lang LaSalle Asia Pacific.

The key findings of the Savills London City Office Watch report have concluded that: