Landsec agrees forward purchase of Oval Village office space – CityAM : CityAM August 31, 2021 Landsec has conditionally exchanged contracts to forward purchase an office space in Kennington. The real estate company has exchanged contracts on Oval Works, which will be a 76,800 sq ft space in Berkeley’s Oval Village. Office workers will be able to use the space – estimated by some property agents to be worth up to [...]
Landsec collects two-thirds of rents in last quarter April 13, 2021 Property giant Landsec collected just two-thirds of the rent it was due as of the end of March due to continued disruption as a result of the pandemic. The FTSE 100 developer said that of the £110m it was owed by tenants as of 25 March, £33m was still outstanding five days after rent was [...]
‘Higher for longer rates’ sparked shift to premium London office space September 27, 2023 Property developer Landsec reported strong demand for premium office space in central London, as firms react to the message of interest rates being “higher for longer.” The commercial real estate giant said office occupancy in Victoria, where half of its central London business sits, is now 100 per cent let and with £17m of lettings [...]
Frasers eyes Leeds shopping centre in latest retail property buying spree July 25, 2023 Frasers has reportedly set his sights on an outlet shopping centre in Leeds as it continues on its spree of retail property acquisitions. Frasers Group, which is majority owned by business tycoon Mike Ashley, is looking to pay nearly £50m for Junction 32, which is located in Castleford in Wakefield, West Yorkshire, The Times has [...]
Green light for £500m Bishopsgate tower and Victorian bath house restoration November 21, 2023 The green light has been given to erect a new 23 storey tower in Bishopsgate, alongside the restoration of a historic Victorian Bath House, in the latest boost for the City’s skyline. As part of the development, which is being spearheaded by Landsec, the building at 55-56 Old Broad Street will be refurbished to create [...]
Landsec sinks to £835m loss but backs London’s office sector November 10, 2020 Commercial real estate owner Landsec sunk to a £835m loss in its half-year results due to the impact of the coronavirus pandemic, but reported strong investor interest in London’s office market. Landsec’s share price jumped 7.37 per cent to 690.9p despite mounting losses after the landlord revealed its optimistic outlook on the central London office [...]
Taylor Wimpey chair Irene Dorner to step down December 16, 2022 The chair of Taylor Wimpey’s board has stepped down for family reasons. Irene Dorner will quit in April 2023 at the end of its AGM with Robert Noel taking over the role, currently a senior independent director. She will stay on the board in a non executive role. Lord Jitesh Gadhia, who led the search [...]
Post-work drinks get more exciting as Europe’s largest karaoke bar opens in London March 14, 2024 Amateur vocalists across London are in for a treat as Europe's largest karaoke bar is set to open its first venue in the capital this spring.
‘Completely unique’: Roman mausoleum unearthed near Borough Market and London Bridge June 13, 2023 Archaeologists have discovered remains from a “completely unique” Roman mausoleum just a stone’s throw from Borough Market and London Bridge station. At The Liberty of Southwark site, owned by Landsec, experts have uncovered the walls and interior flooring of a mausoleum, a type of Roman funeral monument. In the middle of the floor is a [...]
FTSE 100 close: London markets rise after inflation surprise raises prospect of rates being left on hold September 20, 2023 The FTSE 100 climbed 0.6 per cent to trade at 7,705.34 while the FTSE 250 rose 1.2 per cent to hit 18,655.75.