Central London commercial market booms as tech giants move in October 16, 2018 An influx of tech and creative giants has bolstered the capital’s buoyant commercial property market in the last three months, with business space under offer rising across central London. Facebook’s arrival in King's Cross significantly boosted office take-up levels, after the tech giant took more than 600,000 square feet (sq ft) as its new London [...]
Crypto: Unchained but regulated October 9, 2018 Crypto is the Millennials’ Rock’n’Roll” says Stephen Castell, ”and Dr Joseph Muscat, the Malta Prime Minister, has emerged as the world’s top crypto rocker, bravely positioning his beautiful sun-kissed sandstone island country, Chair of the Commonwealth, and President of the Council of the EU, as the leader in regulating Blockchain applications, ICOs, cryptocurrency trading and, [...]
London office take-up climbs as Crossrail arrival and new hotspots fuel demand October 4, 2018 Demand for office space in Central London jumped in the third quarter of 2018, with take-up in the capital’s commercial property sector showing no sign of a slowdown in the run-up to Britain leaving the EU. Office take-up in the three months to the end of September hit 3.7m square foot, marking a six per [...]
Sadiq Khan accused of misleading public over nine-month Crossrail delay October 3, 2018 Members of the London Assembly have accused Sadiq Khan of misleading the public over what he knew about a nine-month Crossrail delay that infuriated commuters when it was revealed this summer. The Assembly's transport committee, which has been investigating the delay, has sent a damning letter to London mayor Khan. The letter, seen by City A.M., [...]
Great Portland Estates sells off £65m building home to Ottolenghi’s new restaurant October 3, 2018 A West End property block home to Yotam Ottolenghi’s new flagship restaurant was snapped up by an overseas investor for £65m today. Read more: Soho House boss says second City of London venue has not been ruled out Great Portland Estates (GPE), a FTSE property developer, sold off 55 Wells Street to an undisclosed foreign buyer [...]
Big-spending Everton still seeking lift-off in mission to challenge Big Six September 27, 2018 When Iranian billionaire Farhad Moshiri purchased a 49.9 per cent share in Everton two and a half years ago, his intention was to ensure the club challenge for Champions League football. Yet as Pierre-Emerick Aubameyang stroked home Arsenal's second goal at Emirates Stadium on Sunday and condemned the Blues to their second Premier League [...]
Analysts warn of Debenhams ‘value trap’ day after launch of turnaround strategy September 25, 2018 Embattled department store chain Debenhams was hoping to ease investor cynicism after launching its new turnaround strategy yesterday, but it seems City analysts are yet to be impressed. Liberum said this morning that “a good store tour doesn’t change our view that this is a value trap”, reiterating its “sell” rating after the retailer [...]
Theatre promoter Reach4entertainment revenues drop in first half after difficult 2017 September 25, 2018 Investors were not giving theatre communications group Reach4entertainment a standing ovation this morning as shares dropped after it reported declining revenues. Its share price lost 1.75 per cent in early trading after it said revenues were on the decline after a difficult 2017. The figures Revenue slipped from £41.9m the same time last year to £36m for [...]
City makeover: Planning chief unveils major revamp bid to build more skyscrapers and lure in nightime West End goers September 20, 2018 Ambitious plans to transform London’s skyline and revamp the Square Mile’s muted nighttime economy were unveiled by the City’s influential planning chief today, in a bid to keep the capital’s financial centre a global leader post-Brexit. In a wide-reaching 20 year local plan revealed today, The City Corporation is hoping to enlarge its cluster of skyscrapers [...]
City makeover: Planning chief unveils major revamp bid to build more skyscrapers and lure in nightime West End goers September 20, 2018 Ambitious plans to transform London’s skyline and revamp the Square Mile’s muted nighttime economy were unveiled by the City’s influential planning chief today, in a bid to keep the capital’s financial centre a global leader post-Brexit. In a wide-reaching 20 year local plan revealed today, The City Corporation is hoping to enlarge its cluster of skyscrapers [...]