‘Higher for longer rates’ sparked shift to premium London office space September 27, 2023 Property developer Landsec reported strong demand for premium office space in central London, as firms react to the message of interest rates being “higher for longer.” The commercial real estate giant said office occupancy in Victoria, where half of its central London business sits, is now 100 per cent let and with £17m of lettings [...]
Rosebank: All systems go for new North Sea oil and gas field after joint thumbs-up September 27, 2023 The Rosebank oil field development WILL go ahead after private investors and government both signalled final approval.
Twitter owner Elon Musk to be invited to government investment summit August 22, 2023 Twitter owner Elon Musk is among top business leaders expected to be invited to Rishi Sunak’s global investment summit this autumn. Tesla boss Musk – who recently bought and renamed Twitter as X – is among figures including Amazon founder Jeff Bezos who officials are keen to see attend the summit, according to Sky News. [...]
London Oxford Street to get new retail space near Tottenham Court Road’s Elizabeth Line with £70m GPE swoop August 18, 2023 London’s West End could be getting a new retail and office space, following the purchase of King Sloane Properties by Great Portland Estates for £70m. The acquisition means GPE get their hands on the freehold interests at 16/19 Soho Square, 29.43 Oxford Street 7 Falconberg Mews, from Belgravia & Chelsea Property Services Limited. Worth around [...]
West End faces office supply crunch as back to work demand picks up August 10, 2023 Central London, particularly the West-End, is facing an office space supply crunch as demand for in person working picks up, property investment trust Derwent London has said. According to reports in its half year results, the listed business described the West-End as “very tight” with only 3.8 per cent of vacancy levels on office space. [...]
Labour risks green investment climate with ‘wobbling’ over net zero, energy boss warns August 9, 2023 The Labour Party needs to "stop wobbling" and commit to the "significant economic and social opportunity" presented by net zero, the boss of Good Energy has warned.
Retail investors poised to spend near £100m on Oxford Street this year August 7, 2023 Retail investment in central London is expected to exceed £1bn this year, with up to a tenth of that set to be spent on Oxford Street, raising fresh hope for the future of the London shopping destination. Some £810m was splurged on retail investments across London in the first half of the year, new figures [...]
Anne-Sophie Pic: I’m holding back on getting more Michelin stars July 31, 2023 France’s Savoyard region is wonderful for foraging and Michelin-starred food. Olivia Palamountain touched down to meet lauded French chef Anne-Sophie Pic It’s high summer in Megève, an alpinetown in the Savoyard region of France. It is one of those pretty as a picture, pinch-me places that remind you why the French do life best; all [...]
The tourist tax is hurting Britain, no matter what Rishi Sunak says July 7, 2023 Tourists pay an extra 20 per cent for shopping in London than in Paris or Milan.
London life back on top as country homes drop in price July 3, 2023 Soaring interest rates have softened the prices of luxury homes outside of London, according to new data, in a signal that the ‘move to the country’ trend fuelled by the pandemic is showing signs of slowing. The average value of luxury homes across UK markets outside of London – broadly the top five per cent [...]