Central London office demand roars back to life as West End occupancy booms August 31, 2022 Central London office take-up has rebounded back to pre-pandemic levels this year and has even surpassed the ten-year average. Occupancy in the heart of the capital bounced back to pre-Covid levels during the 12 months to the end of 2022’s second quarter, according to data from real estate advisor CBRE. Take-up for offices hit 12.7m [...]
Elizabeth line: Direct services from Reading and Heathrow to central London will begin in November August 23, 2022 Businesses have welcomed the integration of Elizabeth line services from Heathrow, Reading and Shenfield from 6 November. “The upgraded services will be greatly welcomed by businesses across the Capital that rely on footfall more than ever before to help them navigate their recovery from Covid, cost of living pressures and rising inflation,” said Ruth Duston, [...]
Whitty report says toxic air pollution down 44 per cent in central London thanks to ULEZ December 8, 2022 London has emerged as a “world leader” in tackling toxic air pollution according to a new report by chief medical officer Sir Chris Whitty. His latest findings reveal the dangers of pollution in the capital, but show Nitrogen Dioxide (No2) concentrations by roads are down a fifth in inner London and 44 per cent in [...]
Grosvenor: Central London valuations ‘subdued’ amid Covid side effects May 23, 2022 Property investment firm Grosvenor is back in the black after better fortunes for its 300-acre estate in Mayfair and Belgravia. Owned by the Duke of Westminster, the multibillion-pound portfolio swung back into profit with a pre-tax profit of £327.5m, after posting a £322.8m loss in 2020. The Liverpool ONE shopping centre owner swung back into [...]
Sustainable deliveries: Amazon launch first e-cargo bike fleet in central London July 4, 2022 Amazon deliveries across London are set to become more sustainable from now on, as the e-commerce titan launched today its first fleet of e-cargo bikes and walkers. Stored in Amazon’s Hackney hub, the new fleet will make more than one million deliveries a year across 10 per cent of London’s Ultra Low Emission Zone (ULEZ). [...]
Central London footfall growth behind other regional cities February 14, 2022 Central London footfall has lagged behind the recovery of other regional cities last week. According to the latest data from Springboard, footfall rose in all types of town centres in the UK last week. However, while regional cities outside of London saw the largest boost, up 7.1 per cent, Central London growth was only 3.3 [...]
Council says it wants to rid central London of ‘candy and tat shops’ March 3, 2022 Westminster City Council has outlined its intention to rid central London’s Oxford Street of “questionable candy and tat shops” as a part of a £150m rejuvenation. Rachael Robathan, leader of the council, tonight said “Oxford Street is Europe’s hardest hit street” by Covid and that the decline will continue without a serious intervention. Footfall on [...]
Office occupancy is up, as workers return to Central London offices January 27, 2022 Workers have started coming back into central London offices, according to new data from Infogrid, which shows the number of workers back in central London is up 42.7 per cent compared to last week. The figures, collected by Infogrid using sensors it has installed in its customers offices, show that office occupancy jumped 42.7 per [...]
Central London weighs down Wetherspoons’ sales November 10, 2021 Sales across JD Wetherspoons’ pubs in central London have plummeted by 17.4 per cent from last year. Trade has recovered in cities such as Liverpool and Newcastle, which have enjoyed sales increases of 9.1 per cent and 11.1 per cent respectively. However, the capital continues to suffer with City workers only returning to the area [...]
Central London continues to feel impact of Plan B measures January 10, 2022 Central London has suffered another blow to its recovery as shoppers stay away from the city’s retail hotspots. Footfall in the West End and other areas dropped by more than a quarter (25.6 per cent) last week compared to the week before. “With employees continuing to work from home the drop in footfall in Central [...]