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Avison Young loses over £100m for a second year as more jobs cut Property More than £100m has been lost for a second consecutive year by the UK and European arm of global commercial real estate services firm Avison Young as it continued to cut jobs, it has been revealed. The Birmingham-headquartered division has reported a pre-tax loss of £101.8m for 2024, having posted the same total for 2023. [...]
Knight Frank makes the City its global headquarters Property 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 [...]
If we want our economy to grow, our skyline must go up, up, up Opinion The City's skyline is always changing, but if we want our economy to grow bigger, it must go higher, writes Chris Hayward.
The 13 skyscrapers set to redefine the City of London’s skyline March 4, 2025 The City of London Corporation has released new images visualising how the Square Mile’s skyline will look.
The London office market has ‘definitively turned’ as prime rents set to double February 27, 2025 Analysts have said the London office market has turned a corner after two major commercial real estate investors released positive results. Dewent London reported rental growth doubling to 4.3 per cent, the highest since 2016, and it expects estimated rental value growth – an estimate of the rent that a property could earn if it [...]
Flight to quality continues as firms rush to newly-green Spitalfields office February 26, 2025 Four firms will relocate to a newly-sustainable office block in Spitalfields in the latest wave of businesses to move from West London to the City of London. Railpen, International Copyright Enterprise (ICE) Services, Manpower UK and Bullhorn will take a combined five floors of the nine floored building, amounting to 42,921 sq ft of newly [...]
Hammerson: Bicester Village sale hits earnings February 26, 2025 British shopping centre giant Hammerson has reported a drop in earnings due to the impact of portfolio sales despite an overall rise in rents and occupancy. Despite higher rents across its portfolio, Hammerson’s rental income fell to £189m during the year, down nine per cent year on year. Hammerson attributed this to the impact of [...]
Back to the office helps City of London’s tallest tower to full capacity January 20, 2025 The City’s tallest tower, 22 Bishopsgate, has been fully let after four years as the financial district continues to prove its ability to command premiums for best-in-class sustainable spaces. There’s little sign of the gloom pervading other areas of the commercial office sector in the City, with rents at 22 Bishopsgate the highest ever achieved [...]
Plans worth £200m revealed by Imperial College London and Bruntwood SciTech November 20, 2024 Imperial College London is to build a life sciences and deep tech development worth over £200m in the west of the capital after partnering with Bruntwood SciTech. The university has earmarked land at its White City Deep Tech Campus after signing an agreement with the joint venture between property group Bruntwood, Legal & General and [...]
Avison Young loses over £100m as it cuts more than 200 jobs October 28, 2024 The UK arm of global commercial real estate services firm Avison Young shed over 200 jobs as its pre-tax loss almost doubled to more than £100m during 2023, it has been revealed. The Birmingham-headquartered division has reported a pre-tax loss of £101.8m for 2023, having previously posted a loss of £55.6m in 2022. Newly-filed accounts [...]