New Bond Street named the third-most expensive shopping street in the world November 14, 2018 West End thoroughfare New Bond Street has been named as the world’s third-most expensive shopping street today in a new global survey. Rent on New Bond Street came in at $1,744 (£1,344) per sq ft per year, behind the main street of Hong Kong’s Causeway Bay on $2,671 per sq ft and Upper 5th Avenue [...]
Editor’s Notes: Our world is getting better all the time; a G&T at 28,000ft; knocking down the door to the City; and Andrew Adonis is triggered by City A.M. August 10, 2018 Ignore the misery merchants, the world is getting better all the time When voters are asked to estimate the size of the immigrant population, the rate of teenage pregnancy or the level of unemployment, they routinely overshoot. This mindset is prevalent among voters right across the world according to Bobby Duffy, author of a new [...]
Editor’s Notes: Our world is getting better all the time; a G&T at 28,000ft; knocking down the door to the City; and Andrew Adonis is triggered by City A.M. August 10, 2018 Ignore the misery merchants, the world is getting better all the time When voters are asked to estimate the size of the immigrant population, the rate of teenage pregnancy or the level of unemployment, they routinely overshoot. This mindset is prevalent among voters right across the world according to Bobby Duffy, author of a new [...]
Westminster council presses ahead with Oxford Street strategy – without TfL’s help July 10, 2018 Westminster City Council (WCC) has pressed ahead with its plans for Oxford Street without funding from Transport for London (TfL). At a council meeting yesterday evening, WCC agreed to draw up its own strategy work for the area after it scrapped TfL's plans on the grounds there was not a "strong democratic mandate" following complaints [...]
Westminster City Council sets out next steps for Oxford Street pedestrianisation alternative to tackle Elizabeth Line crowding July 2, 2018 After the controversial decision to put the brakes on Oxford Street pedestrianisation plans indefinitely, Westminster City Council will meet to discuss its alternative plans for the London shopping hotspot next week. The council's cabinet will meet on Monday 9 July to consider a report setting out the next steps for transforming the Oxford Street district. [...]
Last Week in the City: Amazon buys a pharmacy June 29, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (25 to 29 June 2018). The FTSE 100 traded little over the week, despite a rally in oil prices. There was more bad news from the retail sector after The John Lewis Partnership warned on profits [...]
Residents versus the local economy: The battle of Oxford Street pedestrianisation June 14, 2018 Last week, we heard of Westminster council’s surprise decision to pull the plug on a joint plan with the mayor of London to pedestrianise Oxford Street. Coincidentally, the shelving of the £60m project came a day after House of Fraser’s decision to pull its own plug on its flagship Oxford Street store alongside 30 others. [...]
City groups raise concerns over Elizabeth Line crowding after Oxford Street pedestrianisation is ditched June 8, 2018 Businesses and environmental groups have expressed concern that Westminster council's decision to pull the plug on Oxford Street will lead to dangerous levels of overcrowding once the Elizabeth Line comes into force. The council announced yesterday evening that after consulting with residents it has decided to take the plans "off the table for good". The [...]
Oxford Street pedestrianisation plans cancelled: Mayor Sadiq Khan hits out at ‘betrayal’ of millions of Londoners June 8, 2018 The mayor of London Sadiq Khan has hit out at the "betrayal of millions of Londoners" after Oxford Street pedestrianisation plans were shelved by Westminster City Council yesterday. "This will be seen as a betrayal of the millions of Londoners and visitors to our city who would have benefited from making Oxford Street a safer, [...]
WeWork teams up with two investors to buy City of London’s Devonshire Square for around £580m April 16, 2018 Co-working group WeWork has chosen a City of London site as its biggest acquisition yet. The company has bought up Devonshire Square in a deal with two investors, The Times reported today. WeWork joined forces with Danish pension fund PFA Ejendomme and property investment managers TH Real Estate to buy the 13-building estate for £580m [...]