Overseas investors return to London’s offices Property Real estate investment in London has risen for the second year in a row as appetite for the capital’s assets returns, according to a new report. Total investment is set to top £14bn in 2025, below the 10-year average of £18.1bn but significantly higher than in 2023 and 2024, according to a new report by [...]
Flexible offices to comprise a fifth of London market by 2030 Property A fifth of London’s offices will be made up of co-working sites by as soon as 2030, in a further sign of the extent to which the pandemic-induced shift in working patterns is reshaping the capital’s commercial property market. So-called ‘flex’ spaces currently represent just 12 per cent of the total London office market, but [...]
Birmingham landmark on sale in cut-price deal as value slashed in half Property A landmark office building in Birmingham city centre has been put up for sale for half what it was bought for in 2019. The Lewis Building and its adjoining neighbour Priory Court in Bull Street were acquired by Gulf Islamic Investments for £140m. The investor, which has offices in Dubai and Abu Dhabi, bought the [...]
Leeds landmark sold for almost £80m in city’s biggest deal for over five years October 8, 2024 A landmark building in the heart of Leeds’ financial district has been sold for almost £80m in the city’s largest office deal for more than five years. Ashtrom Properties UK has acquired Central Square, which is home to the likes of M&S, PwC an Sky, for £78m. Central Square comprises 217,249 sq ft of office [...]
Four Seasons: Care home operator up for sale following company slim down June 20, 2024 Care home operator Four Seasons, which once ranked among the largest in the UK, has been put up for sale in a move expected to fetch about £300m.
Troubled sale of Siemens UK head office eyes second chance May 2, 2024 The UK headquarters of Siemens has been put back up for sale two years after the German giant first attempted to offload the building.