City office building set to hit 30-year low

A slump in development activity to its lowest level for more than 30 years will drive a recovery in prime rents across London, according to the latest cranes survey conducted by Drivers Jona

• Project banks on Fitzrovia’s bohemian appeal
• Maintenance cuts threaten property values

UK commercial property values surge

A rapid recovery in commercial property values from the deepest slump on record to near bubble-like conditions could see the sector turn positive this year

Uncrunching credit

Spreads on three-month Libor have settled back into their boom-time groove, yet a continued lack of lending means credit can still not claim to be uncrunched

Lachlan Murdoch pays $21m for Sydney mansion

Lachlan Murdoch has upstaged the visit to Australia of his father Rupert after splashing out A$23m on a Sydney mansion sold by the French government’s former consulate

Project banks on Fitzrovia’s bohemian appeal

Derwent London, the listed developer, is drawing up a master plan that will transform a backstreet area of the district in London’s West End into a bijou retail destination

Grainger seeks £238m for revival

The company will pay down debt and hopes to return to buying in the residential market, which has seen recent price growth

Quintain in £184m cash call

Quintain Estates has launched a discounted £184m rights issue as the final part of its strategy to secure its balance sheet and create funds to develop key sites

Asian banks wary of property bubbles

Residential property prices are rising across much of Asia, prompting fears of a real estate bubble. Apartments are selling for staggering prices, and central banks and finance ministries have begun to rein in property-related stimulus measures