Capital appreciation in the UK commercial property market has softened to the shallowest levels since positive growth returned last August, at 0.8%, according to the IPD UK Monthly Index. April also turned in the second consecutive month of negative rental value growth, which measures underlying movements in estimated rental levels. Since May 2008, estimated rental levels have fallen by a compounded -10.8%.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
