Higher-for-longer London rents and bumped-up property prices leaves Foxtons optimistic for 2024 January 25, 2024 Estate agents Foxtons has said rent hikes and demand for tenants to get on the property ladder helped drive its revenue to £147m, for the full year.
Wework dragged to court over refusal to give up lease on London Southbank office January 24, 2024 Embattled co-working space Wework is being dragged to court because it is refusing to forfeit the lease at one of its most profitable locations on London’s Southbank, according to reports. Almacantar, the property developer who oversees the building at 10 York Road, has been trying to kick the troubled American firm out since it filed [...]
London’s mega-wealthy rent luxury pads to celebs like Harry Styles to avoid selling up January 23, 2024 London’s mega wealthy are opting to let their million pound homes in Notting Hill to A-List celebrities and escaping to the countryside to avoid selling up. The end of Hollywood’s actor strike has seen a number of cinema and music’s biggest names return to the iconic west-London borough after a near nine month hiatus, estate [...]
Hundreds of affordable London homes in pipeline as part of £276m scheme January 23, 2024 A housing developer, owned by FTSE 250 firm Vistry, has bagged a £276m scheme to build 739 new homes in Colindale, North West London. Countryside Partnership was named as the preferred developer by the Greater London Authority (GLA) and the Mayor’s Office for Policing and Crime (MOPAC), who are bringing the scheme forward. Some 60 [...]
London landlord GPE sees strong leasing demand but CEO says planning regime ‘challenging’ January 23, 2024 One of central London's biggest listed landlords said it had delivered a "strong leasing quarter" but noted rising barriers in the market.
Exclusive: Slow property market is affecting lawyers as transactions drop January 22, 2024 Exclusive data shared with City A.M. shows that property lawyers are now handling 25 per cent fewer cases on average, following a 21 per cent fall in monthly property transactions year-on-year.
London office vacancy rates to rise in City, Wharf and West End amid Wework trouble January 22, 2024 London office vacancy rates are expected to rise by the end of the year, in another blow for the health of the capital’s commercial property market.
London renters need 209,000 new homes as government told it has ‘huge task on hands’ January 22, 2024 Some 209,000 new rental homes will be needed in London by 2031 to help deal with the capital’s shrinking pool of housing.
How a ‘national icon’ rose up from a derelict car park January 22, 2024 How a £36m office building with Europe's largest living wall is making waves across the UK after reaching practical completion.
Canary Wharf hits new record as Docklands hub goes seven-days-a-week January 22, 2024 Retailers at Canary Wharf Group reported a record number of visitors last year, as the boss behind the operation hailed it as a “seven day week” operation.