Birmingham landmark on sale in cut-price deal as value slashed in half March 11, 2025 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 [...]
31-story skyscraper on 130 Fenchurch Street inches towards a green light March 4, 2025 Proposals for a “showpiece office building” on 130 Fenchurch Street are open for further consultation ahead of an application for planning permission. Designs for the revamped building at the site of City AM’s former HQ Fountain House detail 31 storeys of office space, an improved streetscape and street-level amenities. “[The proposals] aim to create a [...]
Battersea Power Station: How London’s newest village was brought back to life February 6, 2025 From the UK’s biggest power station to international cultural fame on Pink Floyd’s tenth album, to near-ruin, Battersea Power Station has claimed multiple identities over the years. Now, the power station has entered its newest – and quite possibly cleanest – phase, as a multi-use residential, arts and office hub. A £9bn project has transformed [...]
‘Prohibitive building costs’ stunting UK growth projects – Deloitte February 4, 2025 “Prohibitive costs” involved in construction projects in major UK cities led to a sharp decline in the number of new developments breaking ground in 2024, according to a new report from Deloitte. Deloitte’s latest Regional Crane Surveys, which covers the central areas of Belfast, Birmingham, Leeds and Manchester, has revealed the number of new starts [...]
EY to relocate 1,200 employees to new city office February 3, 2025 Professional services giant EY has revealed plans to relocate 1,200 employees in Birmingham to a new office. The move, scheduled for 2026, will see staff switch from One Colmore Square to Three Chamberlain Square, which is part of the Paradise Birmingham development. EY has been based at its office at One Colmore Square for the [...]
City of London approves major new skyscraper January 31, 2025 The City Corporation has approved a 54-storey skyscraper on the doorstep of UK’s busiest station as demand for office space continues to grow in the capital. The site at 99 Bishopsgate, which will become one of the tallest towers in the Square Mile, is set to provide a minimum of 1.2m sq metres of office [...]
Savills: End of work from home drives recovery in office property market January 16, 2025 International property services company Savills has predicted a strong commercial property market this year driven by cheaper financing, the sustainability agenda and workers’ return to the office. The FTSE 250-listed firm told the market this morning that while it expected challenging conditions to continue, “most markets are in recovery”. However, the firm added that geopolitical uncertainty, [...]
FTSE 100 giant Auto Trader gears up for £87m HQ move January 13, 2025 FTSE 100 giant Auto Trader has confirmed plans to relocate its headquarters from a building named after a Manchester legend to a new base worth £87m. The company is to leave its home at 1 Tony Wilson Place in First Street and move to Bruntwood SciTech’s 3 Circle Square in 2026. Auto Trader has been [...]
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 [...]
City rents rise as return to the office drives up demand for prime locations December 3, 2024 Available office space in London’s most sought-after areas has slumped to near record lows as businesses continue to reverse pandemic-era working from home rules. According to global property consultancy Knight Frank, availability in newly constructed office buildings has fallen to 0.3 per cent in the West End Core – which includes Mayfair and St James’s [...]