Healey’s £1bn London office raid would be ‘attack on growth’ Property John Healey’s potential £1bn raid on London offices would be an “attack on growth” and deal a huge blow to the City, property firms have warned. The Chancellor is weighing up an increase to business rates for expensive office blocks and skyscrapers which would raise £1bn for the Treasury but disproportionately hit the capital’s business [...]
Activist investor urges storage firm Big Yellow to put itself up for sale Property Shares in storage firm Big Yellow bounced on Wednesday after an activist investor urged the company to put itself up for sale. The FTSE 250 self-storage provider jumped more than five per cent to 844p after Ancora Alternatives, which owns four per cent of the group, told it to consider a take-private deal. The Ohio-based [...]
British Land: Return to office debate is over Property British Land has declared the debate over returning to the office “over,” as it prepares to capitalise on constrained supply and a “wave of demand” for commercial property from AI firms. The FTSE 100 property developer saw its profit before tax jump by 32 per cent to £450m in the year to March, as the [...]
Inflation fears push slump in demand for City offices April 24, 2026 Demand for office space in the Square Mile slid in the first quarter of the year as investors stalled decision making following the outbreak of war in Iran. Office property demand fell by 23 per cent year on year in the City of London and 14 per cent in the capital as a whole in the [...]
The Square Mile’s latest office transformation gets green light May 19, 2025 A huge redevelopment of 1 Moor Lane has been given the green light by the City of London Corporation as the Square Mile looks to boost its office capacity. The all-electric transformation of the building by Brookfield Properties will add 300,000 sqft (27,000 sqm) of grade-A offices to the City, increasing the amount of office [...]
Zoopla: Rightmove rival handed £500m price tag April 30, 2025 Online property portal Zoopla has been put up for sale with an asking price of around £500m, it is understood. The company, which was launched in 2008, has put on the market by Silver Lake Partners which has owned the group it forms a part of following a £1.6bn deal in 2018. That group also includes [...]
Knight Frank makes the City its global headquarters April 8, 2025 Knight Frank, the global asset management and real estate giant, has signed a deal to relocate its global headquarters to the City of London. The business will relocate from its current HQ at London & Regional’s 55 Baker Street in the West End, where it has been since 2008, to One Liverpool Street after penning an [...]
Major lifeline for Wembley Park developer after huge losses January 23, 2025 The developer behind London’s Wembley Park transformation has secured a huge funding boost just months after losses of more than £700m were revealed. Quintain has completed the refinancing of London Designer Outlet and build-to-rent development Ferrum at the site with a £233.6m loan from Bank of America. The deal comes after City AM reported in [...]
London commercial property starts year strong with huge Baker Street let January 9, 2025 A British-based property company has fully let a Baker Street office space at a significant premium to the estimated value in an excellent start to the commercial market in 2025. Derwent London has pre-let 204,300 sq ft of office space to five tenants at its 25 Baker Street W1 development, which will complete later in [...]
Wembley Park developer loses over £700m December 9, 2024 The company behind the transformation of Wembley Park in London lost more than £700m during its latest financial year, it has been revealed. Quintain has reported a pre-tax loss of £721.7m for 2023, delayed accounts just filed with Companies House show. The loss comes after the business reported a pre-tax profit of £139.7m in 2022. [...]