London life: Why even the wealthy are paying more, as cost of renting in hot spots soars London rental market The wealthy are not immune to the capital’s strained housing market with rent in prime London locations including Chelsea and Mayfair rising 50 per cent in just two years due to a lack of supply. The average rent of premier London pads grew by 50 per cent in the 24 months to April, according to [...]
West End London office rates rise prompted by four-day workweek Property According to Savills, occupancy rates in the area have risen to 62 per cent up from 50 per cent in the last six months.
Property developer British Land agrees £401m sale of West End offices Property developer British Land agrees £401m sale of West End offices British Land has agreed the £401m sale of a 75 per cent stake in three buildings in the West End to Allianz Real Estate. The portfolio includes three buildings; 10 Portman Square, Marble Arch House and York House, all of which are in Marylebone. As a result of the sale British Land will form a [...]
Blackstone: New York asset manager splurges on luxury London West End space April 11, 2024 New York-based asset manager Blackstone has paid £230m for a 31,000 sq ft retail space on the affluent New Bond Street strip in the West-End.
Four London pubs go up for sale – including the Ten Bells January 11, 2024 Four pubs run by East London Pub Co. have gone up for sale this week as cost-of-living pressures and work from home initiatives continue to take their toll on the capital’s bar scene. The Ten Bells in Spitalfields, The Saxon in Clapham, The Lock Tavern in Camden, and The Gun in Spitalfields are named as [...]
Fleet Street Quarter offers a blueprint for growth April 13, 2024 An ambitious pocket of the City with 2000 years of history is redefining how urban commercial centres can work in a climate challenged world, says Lady Lucy French In the age of climate change, the question is how can London rebuild in a way that creates sustainable economic growth? The answer could already exist within [...]
Falling mortgage rates drive sentiment in property market to a two-year high April 11, 2024 Recovery in the UK housing market is speeding up, according to the Royal Institute of Chartered Surveyors.
West End faces office supply crunch as back to work demand picks up August 10, 2023 Central London, particularly the West-End, is facing an office space supply crunch as demand for in person working picks up, property investment trust Derwent London has said. According to reports in its half year results, the listed business described the West-End as “very tight” with only 3.8 per cent of vacancy levels on office space. [...]
Wealthy middle-eastern investors drive growth in London office market December 19, 2023 Wealthy Middle-Eastern investors are driving sales in London’s office market, as reduced competition acts as an opportunity.
Retail investors poised to spend near £100m on Oxford Street this year August 7, 2023 Retail investment in central London is expected to exceed £1bn this year, with up to a tenth of that set to be spent on Oxford Street, raising fresh hope for the future of the London shopping destination. Some £810m was splurged on retail investments across London in the first half of the year, new figures [...]