HSBC moving out of Canary Wharf headquarters in favour of Square Mile June 26, 2023 HSBC is set to leave its headquarters at Canary Wharf when its lease expires in 2027 and will move back to the heart of the City, City AM understands. The bank has been based in 8 Canada Square for more than two decades, but hopes to downsize to Panorama St Paul’s, 81 Newgate Street. The [...]
Westfield’s bailed on San Francisco, but it won’t in London, say experts June 20, 2023 Westfield will hand back the keys to its flagship San Francisco mall following nearly two decades of ownership after it was battered by crime and the exit of its 350,000 ft flagship Nordstrom site. In recent years, the shopping centre’s occupancy level plummeted dramatically to around 55 per cent, with a host of household-name retailers [...]
Shaftsbury integration ‘progressing well’ in vote of confidence for booming London west end June 14, 2023 Shaftesbury delivered a confident update to the markets, as a return to international tourism and its £4.9bn merger with Capco helped boost activity London’s West-end. In March last year, the two West-end landlords merged, meaning that Shaftesbury who owns land around Soho and Capco who owns land around Covent Garden now operate under one ownership. [...]
London, and the UK, must seize the opportunity to lead in crypto regulation June 13, 2023 The UK tech sector is doing great in so many ways - it's time it embraces a balanced approach to crypto regulation as one of its main tenets, writes Andrew Griffiths
London ‘busier and busier’ as return to office gathers pace – but demand for flexible working remains May 24, 2023 Great Portland Estates, a leading landlord in office space said London has got “busier and busier,” but noted that it does not expect the the recovery of offices in the capital to be “uniform” as a demand for flexible working and best space remains. Throughout the year, the property firm recorded £55.5m of leasing, as [...]
London life: Why even the wealthy are paying more, as cost of renting in hot spots soars May 9, 2023 The wealthy are not immune to the capital’s strained housing market with rent in prime London locations including Chelsea and Mayfair rising 50 per cent in just two years due to a lack of supply. The average rent of premier London pads grew by 50 per cent in the 24 months to April, according to [...]
London Marathon: Where are spectators being to told AVOID due to Extinction Rebellion disruption? April 19, 2023 Spectators have been urged to avoid a famous part of the London Marathon route on Sunday amid a planned protest, as a minister said Extinction Rebellion “must be stopped”. The climate group’s scheduled four-day protest in central London from Friday to Monday could see some 30,000 of its supporters in the Westminster area for the [...]
Prime London property rent soars as super rich snap up luxury pads April 7, 2023 The super rich in the capital are forking out an extra 1.4 per cent to rent in prime London areas, signalling a continued demand for luxury spaces in the capital. According to data by estate agent Savills, over the past three months, London’s wealthiest tenants are also on the hunt for smaller spaces to rent [...]
The London boroughs with the lowest property prices: Where is the cheapest place to buy in London in 2023? April 3, 2023 With the OBR expecting property prices to drop by 10 per cent this year, first time buyers are tentatively hoping that 2023 might be the year they can finally afford to get on the property ladder. But with London’s property market still too hot for many young buyers, where is the best borough to buy? [...]
It’s all about quality: Fixing the Square Mile’s shopping district March 27, 2023 As Oxford Street struggles to fill vacant spaces on its high street, many in the retail sector are also questioning what the future holds for the Square Mile’s shopping scene. At One New Change, the City’s prime shopping centre, which was launched in 2010 to rival London’s West End, there are about 10 vacant lots, [...]