London’s the most expensive place in the world to locate a tech startup September 15, 2016 London is the most expensive place in the world to locate a startup, with the average cost of renting office space in Shoreditch outstripping that of San Francisco, Brooklyn and 19 other tech and creative hubs around the globe, putting at risk the city's potential of producing its very own Google. The cost of renting business space in the [...]
London’s tallest office buildings still command sky-high rents post-Brexit vote September 15, 2016 Fears have been mounting about the future of commercial property after the nation voted to leave the EU, but London's skyscrapers remain some of the most expensive office space in the world. London skyscrapers still command the fourth highest rental value in the world, beaten only by Hong Kong, New York and Tokyo, according to [...]
A toast to Edinburgh’s ‘Flat White Economy’ as tech firms are lured north September 13, 2016 The burgeoning ‘Flat White Economy’ is likely to play a vital role in the future of the post-Brexit UK economy. Now the second largest business sector in the UK, it accounts for 8.7 per cent of GDP. The term, originally penned to capture the explosion of digital businesses in London’s EC1V postal district, is spreading [...]
Inside the lavish £3.9m apartments at Regent’s Park’s refurbished Park Crescent September 12, 2016 It's not often you get a chance to own a slice of London's architectural history. But with refurbishment on one of the capital's most iconic addresses complete, apartments have gone on sale – and you can buy one, for a cool £3.9m. Park Crescent, overlooking Regent's Park, was designed by architect John Nash (of Buckingham Palace and [...]
House prices in Chelsea fell by nearly nine per cent last month September 8, 2016 Prices on high-end homes in Chelsea fell by nearly nine per cent last month as stamp duty and the Brexit vote weighed on the market. According to research by estate agents Knight Frank, house prices in Chelsea dropped by 8.9 per cent year-on-year in August. Overall, prices for prime central London homes fell by 1.8 per [...]
Best market for prime central London renters since the financial crisis September 8, 2016 Renters in prime central London locations, such as Marylebone and Mayfair, are enjoying the best market since the financial crisis. The number of new rental properties on the market in the three months to July 2016 increased 38.9 per cent year-on-year, according to Knight Frank's prime central London rental index. Read more: Prime central London house prices [...]
Back to school: From Postcapitalism to The Silk Roads, these are the business books you need to read this year September 1, 2016 Schools are returning and the City is beginning to wake up after the summer – but have you finished your holiday reading list? Whether you're returning from a summer break or just quickly boning up before school starts, here are the five business books you should have read this summer: 1. Shoe Dog: A Memoir by the Creator [...]
City Moves for 1 September 2016 | Who’s switching jobs September 1, 2016 Knight Frank Knight Frank residential development has appointed Tom Hawkins as partner in its new homes team. Tom joins the firm from Hamptons International, where he worked for 10 years and latterly ran the new homes sales team. Tom previously led the sales of Portobello Square, W10, Aberfeldy Village, E14, and Rathbone Market, E16 – the [...]
These are London’s best postcodes for quality of life August 31, 2016 If you're looking for a better quality of life, look no further than SE1, according to new research, which suggests Bermondsey is the capital's most desirable postcode. According to the research, by Banda Property, Bermondsey is top of the postcode pops because of its "elusive London village feel". Read more: House price growth is driving [...]
Anchor butter and Cravendale owner grows earnings despite difficult market conditions August 26, 2016 One of the dairy companies at the centre of Britain's milk crisis reported profit growth and reasserted its desire to increase the milk price paid to farmers. Danish-headquartered Arla announced revenues of €4.9bn (£4.0bn) for the first half of 2016. Although this was down from €5.1bn in 2015, gross margins were sustained at €1.2bn and earnings were [...]