London Cancer Hub opens new collaboration space for life-science firms February 24, 2022 The London Cancer Hub in Sutton has opened a new incubator and collaboration space for life-science companies who work on cancer-related projects, CityA.M. was exclusively told. The Innovation Gateway will provide laboratory, office and collaboration facilities at the south London hub. The space hopes to become a global leader for cancer research, treatment and commercial [...]
Look inside: London’s smallest flat sold at auction for £90,000 February 24, 2022 London’s smallest flat sold at auction on Wednesday for £90,000, well above the guide price for the 75 sq ft property. Located on Saratoga Road, Hackney, the property – images of which were shared around Twitter in the days before the auction – sold for 20 per cent over its guide price of £75,000. The [...]
Studio Retail plunged into administration as 1,400 jobs in the lurch February 24, 2022 Some 1,400 jobs have been threatened as online retailer Studio Retail has formally appointed administrators. The value retailer, whose largest shareholder is Mike Ashley’s Frasers Group, has formally appointed Teneo as administrators, The Times newspaper has reported. Studio suspended its shares last week and said HSBC rejected its request for a short-term £25m working capital [...]
Storm-damaged O2 will reopen this week but the hole will be there for some time February 24, 2022 The O2 will reopen on Friday, after being damaged during stormy weather last week, however the hole will remain visible for some time. The canvas roof of the music venue was ripped to pieces when Storm Eunice saw the country battered with strong winds. Following safety checks, the O2 music arena will reopen to visitors [...]
Stratford site sold for development of 380 new homes February 24, 2022 A site in Stratford, East London has been sold to Telford Homes in a project that will see 380 new homes. The site was sold by LCR, the Department for Transport (DfT) and HS1 Limited. Currently used as a bus layover and taxi rank, the site is situated on International Way. The site is located [...]
Buyers’ demand for Bath hots up after Netflix series Bridgerton February 23, 2022 Demand for homes in cathedral cities has been hotting up among overseas buyers, with house-hunters enticed by the Netflix series Bridgerton. According to data from estate agent Winkworth, demand and prices for cathedral cities are 20 per cent higher than other locations. For the city of Bath, where the Regency era romance series Bridgerton was [...]
Camden and Chelsea among London areas to see biggest rent increases February 23, 2022 Average London rents are predicted to grow 14 per cent over the next five years, according to data exclusively shared with CityA.M. Desirable areas including Kensington and Chelsea, City of London, Camden and Hammersmith and Fulham saw the largest rental increases, with prices jumping around a third for each borough. Data from CBRE found that [...]
Restaurant chain Fridays appoints new COO after Hotter Shoes demerger February 23, 2022 America inspired restaurant chain Fridays – formerly TGI Fridays – has appointed a new chief operating officer. Julie McEwan, formerly of Whitbread and Las Iguanas, will take on the new role in early March. It comes as the chain has undergone a rebrand after being demerged from Hotter Shoes last year. Owner Electra Private Equity [...]
Monsoon and Accessorize eye 20 new stores as fashion brands progress Covid recovery February 23, 2022 The Monsoon and Accessorize group has said it is eyeing 20 new store openings this year, as the fashion group continues to recover from Covid. In results published on Wednesday, the group revealed sales of £196m and EBITDA of £17.4m for the 12 months to 31 December 2021. The firms were acquired by Adena Brands [...]
London rents exceed pre-pandemic levels with average weekly rent £751 February 23, 2022 Rents in the capital have soared as Covid restrictions have eased, with the average weekly rent now standing at £751. Data from estate agency Chestertons has found that the average rent has soared 21 per cent since 2020 when the average cost for renters was £589. Demand has increased thanks to renters returning to the [...]
