London’s skyscrapers have the highest rental growth in the world as low vacancy rates push commercial rates sky-high October 15, 2015 London’s skyscrapers are reaching for the sky in more ways than one, after it turned out the capital’s high rises have the highest rental growth in the world. Skyrocketing demand for office space in the UK capital is pushing commercial rents up, up, up: estate agent Knight Frank found in its Global Cities Report that [...]
Creative and tech firms fuel surge in rents north of London’s west end October 15, 2015 Technology and creative firms have sent rental prices rocketing across central London since the financial crisis, particularly in areas such as the north of Oxford Street and Euston where these firms have created hubs, according to new research out today by Knight Frank. Noho – which stands for North of Soho and encompasses the area [...]
Cain Hoy and Sager secure loan for £400m luxury Islington scheme October 14, 2015 Cain Hoy, the US private equity firm that fleetingly considered buying Tottenham Hotspur last year, is pushing ahead with the £400m luxury development of a landmark Islington site after securing a £190m loan. Cain Hoy and its joint venture partner Sager Group are turning the Edwardian former Royal Mail sorting office on Upper Street into a residential, [...]
London house prices: This is how frenzied demand for London’s super prime homes became between 2007 and 2014 October 13, 2015 London's super-prime residential market may have cooled somewhat over the last year since tougher stamp duty rules came into force earlier the year. But new research seen today by City A.M. reveals just how frenzied the sales of £10m-plus homes in the capital’s golden postcodes surrounding Hyde Park has become since the financial crisis. Read [...]
Government to launch £4m fund to help boost UK’s video games industry October 12, 2015 A £4m fund has been launched by the government to help boost the UK's booming video games industry, hoping to help smaller companies to a sector "which has already given the world global blockbusters like Tomb Raider, Little Big Planet, Runescape, Monument Valley and Batman: Arkham Knight". Read more: Sales of video games help boost dwindling [...]
City Moves for 12 October 2015 | Who’s switching jobs October 11, 2015 CARTER JONAS The property consultancy has appointed Darren Yates as head of research. He was formerly a partner at Knight Frank, where he worked as head of global capital markets research. Yates has over 20 years’ experience, and has also worked at Cushman and Wakefield, and Management Horizons Europe. MAREX SPECTRON Andrew Strickland has been [...]
Knight Frank slashes is forecast for Prime central London house price growth October 9, 2015 An upmarket estate agent has become one of the first to admit rapid growth in the price of the capital's luxury homes might be beginning to ebb, after it slashed its forecast for house price growth in London's most exclusive areas. Knight Frank said today it had revised its growth expectations for 2016 from 4.5 per cent to two [...]
City Moves for 09 October 2015 | Who’s switching jobs October 8, 2015 KNIGHT FRANK The property consultancy has announced the appointment of Rob Macnab as partner in its City leasing team. He joins from Kinney Green, where he was an equity partner specialising in the midtown office market. Macnab has worked for clients including O&H Group, Aberdeen Asset Management and DTZ IM. AXA INVESTMENT MANAGERS Tom Clapham [...]
Google AMP, Facebook Instant Articles, Apple News, Medium API: Is this the end of news websites as we know them? October 8, 2015 News publishers could be forgiven for thinking it’s all very end-of-days at the moment. On one side, ad-blockers may be about to strangle a primitive monetisation model and, on the other, Silicon Valley giants seem intent on controlling the distribution of content, arguably calling the very existence of individual news websites into question. Apple upped [...]
Global rents for high-end homes at slowest rate of growth since 2010 October 8, 2015 Global rents for high-end homes grew at their slowest rate in more than five years in the second quarter, research out yesterday claimed. Knight Frank’s index of prime residential rents rose by 0.2 per cent in the year to June, down from 3.2 per cent two years earlier and marking the slowest rate of [...]