London office market now a race for best in class, says British Land May 17, 2023 The gap between the "best and the rest" is beginning to define the London office market, say property developers British Land this morning.
GPE injects £1.1bn into ‘starved’ London office market despite sinking values November 17, 2022 GPE, formerly known as Great Portland Estates, is continuing to inject £1.1bn into feeding a “starved” central London office market despite blows from rising interest rates. The London-listed firm, which yesterday secured a record leasing of the City’s 2 Aldermanbury Square to Clifford Chance, is one of the largest office leasers in the capital. However, [...]
Fleet Street store fronts down over a fifth post-pandemic October 15, 2023 Some 22 per cent of the shops on Fleet Street are now vacant, with the sector blaming sticky transport links and a slow return to office life for the drab state of the infamous London area.
The Notebook: Marcus Geddes on what makes a modern office October 9, 2023 Today, Marcus Geddes, managing director at Landsec, takes the Notebook pen to talk all about the modern office Don’t let others fool you, there’s strength in flexible offices Demand for flexible offices is higher than ever before, but do people really know what ‘flex’ means? A common misconception is that flex is just co-working spaces [...]
Crest Nicholson halts opening of new division as forward sales slow November 17, 2022 British housebuilder Crest Nicholson has halted the opening of its third new division as interest rates dampen the desire to buy a home. The FTSE250 housebuilder is not the first to voice caution over rising rates, which have pushed up mortgage costs for many – deterring Brits from jumping onto the property ladder. Forward sales [...]
Coronavirus: Landsec scraps dividend as rent payments fall April 2, 2020 Retail and office space landlord Landsec suffered a drop in rent payments last month due to the outbreak of coronavirus. Landsec, which this morning scrapped its interim dividend, said 65 per cent of the rent due on 25 March had been paid by the end of the month, compared to 96 per cent the previous [...]
Shops’ tax bill 755 per cent higher than online rivals amid war of words over sales tax May 23, 2022 Traditional brick and mortar retailers pay 755 per cent more – almost eight times – than their online rivals in business rates tax. The figures come after Sainsbury’s and Marks and Spencer execs have voiced differing opinions over the prospect of an online sales tax. Fresh analysis by real estate advisor Altus Group has found [...]
Largest Roman mosaic found in London for over 50 years February 22, 2022 Archaeologists from MOLA (Museum of London Archaeology) have discovered a mosaic that was once the floor of a Roman dining room, in a “once-in-a-lifetime find”. Situated near The Shard, the uncovered mosaic features two decorated panels set within a red tessellated floor. The design – which features lotus flowers and a pattern known as Solomon’s [...]
Only 10 per cent of office space in use during lockdown, says Landsec May 12, 2020 Property landlord Landsec said only 10 per cent of its office space is currently being used as most employees are working from home during the coronavirus crisis. The property company, which this morning revealed a £1.2bn hit to the value of its portfolio, said the office sector had seen a “less pronounced immediate impact” compared [...]
Meet the founder on a mission to take away your plastic water bottle February 13, 2024 Anthony Newman was convinced Londoners would ditch plastic water bottles if they had an alternative. The founder of Ape2o was onto something, Jennifer Sieg finds, in our latest founder spotlight.