Commercial Property Cardiff

In this interim document of today's announcement Richard Wollenberg Cardiff Property Plc, which despite its name operating in the Thames Valley, said the commercial real estate market, it still suffers a low level of occupier demand. Accommodations are in agreement and new agents report a reasonable level of investigation, but actual take-off of local new and used commercial is insufficient to suggest a recovery in demand and rent levels.

New development of speculative commercial property in the valley of the River Thames has virtually ceased. Most new office buildings completed during the 12-18 months remain vacant.

The last quarter of 2009 and first half of 2010 saw some recovery in the commercial capital values. However, as the likelihood of a sustained recovery of the tenancy has declined any further increase of capital is unlikely values. Commercial property continues to have its investment attractions provide adequate income security is achievable.

residential values in Surrey and Berkshire have maintained their increased marginally since the beginning of the year. The number of inquiries and viewings are at a reasonable level, but buyers and investors remain cautious.

The group, including Campmoss property, 47.62% of their jointly controlled entity, continues to pursue new and revised construction permit. In today's environment, even with planning permission, the group is unlikely to make any new development, unless a pre-letting has been secured. The main focus will be to manage the existing portfolio and maintaining the level of gross rental income.

Cardiff hassufficient capital to complete the projects it has undertaken and declared an interim dividend of 3.3p per share for the March 31 end of H1.