Derwent: London property investment trust credits ‘busy’ West-End and return to the office for uptake in leases May 4, 2023 Derwent, the London property investment trust, has told investors that London and the West-End is “busy” as a return to offices and shopping signal better times for the capital. In its first quarter trading update, the FTSE 250 real estate firm revealed a 6.6 per cent uptake in the number of leases secured which totalled [...]
Is London rebounding better than New York? That’s what the numbers say. October 30, 2023 New York is trailing behind London across various key economic indicators, including employment and commercial real estate performance.
Mega rich splurge £1.3bn on office shopping spree around London September 5, 2023 The world’s mega rich are pouring their spare millions into offices around London, gobbling up £1.3bn worth of space in the last 12 months.
American candy stores or retail hub? What might be next for Oxford Street March 19, 2023 It has been three years since the UK was plunged into its first-ever full scale lockdown – forcing the majority of stores in London’s West End to temporarily cease trading and arguably altering the state of physical retail forever. The pandemic forced once seemingly indestructible retailers such as Debenhams, Topshop, and Gap off Oxford Street, [...]
London office market battles red hot construction costs October 23, 2023 Glimmers of light are beginning to emerge for property developers in the City and the West End as demand for office leases climbs to its highest quarterly take-up so far this year, but rising construction costs are expected to hold back recovery. Figures from property consultancy Savills, showed that the number of leases secured in [...]
GPE: West End landlord upgrades forecasts as workers return to central London November 16, 2023 Great Portland Estates, the London-listed landlord said it had signed 37 new leases and renewals in the six months to 30 September, as workers returned to the office. The West End-focused landlord said market lettings were on average 13.4 per ahead of March 2023’s estimated rental value (ERV) with an annual rent role of £11.2m. [...]
London office property deals abandoned as sellers pin hopes on price recovery April 20, 2024 Abandoned property deals have driven investment volumes in the London office market down in the first quarter of the year, but green shoots are starting to emerge.
Exclusive: West End bounces back with rush for fresh office space October 20, 2022 The West End has come roaring back to life after firms committed 1.2m sq ft of office space in the third quarter. A race for space is also heating up, with the post-pandemic renaissance of the capital’s shopping heartland seeing prime rents for offices soar 6.5 per cent in the past year, data from Knight [...]
Ukrainians increasingly confident Zelensky is beating Putin as thousands of refugees make plans to return home April 18, 2022 Many Ukrainians who fled their country in recent weeks are increasingly confident the Russian Army is losing the war. A new poll in the Netherlands among refugees in the Benelux countries showed this Easter weekend that over half believe it is safe to return home to Kyiv as well as north, west and central Ukraine. [...]
Shaftesbury weathers Omicron disruption and reports a strong rebound February 4, 2022 Shaftesbury, the owner of several buildings in London’s West End, has reported a strong rebound despite the impact of Omicron. In the four months ended 3 February, the firm announced that strong strong trading prior to restrictions and ongoing government support measures helped Shaftesbury weather Omicron-induced disruptions. The firm’s net debt went down 1.1 per [...]