City of London Corporation approves new ‘green’ tower at 70 Gracechurch Street February 16, 2021 The City of London Corporation today (16 February 2021) approved another tall building development, showing a significant vote of confidence in the future of the Square Mile and a strong start to 2021. Developers Tenacity, who last month received planning permission for a 30-storey development at 55 Gracechurch Street, have now also been awarded permission for [...]
Britain’s billboards are lighting up despite lockdown restrictions February 13, 2021 The billboard industry – also known as out-of-home (OOH) advertising – earlier this month received a welcome shot in the arm comparable to the good news surrounding the UK’s vaccination efforts. The latest expenditure report from the Advertising Association and WARC forecast OOH media channels will recover and expand significantly this year, with digital OOH [...]
Corona Impact Series: How a creative workspace was dragged into a work-from-home experiment February 12, 2021 In this series, City A.M. looks at the financial and economic impact of the ongoing pandemic on a range of small and medium-sized businesses across London. This week: How a workspace provider with spaces across the UK, including in Soho and Westminster, gradually changed the work mindset of its office clients. No one could have [...]
Hotel quarantine: What do the new rules mean for arrivals travelling to London? February 11, 2021 Hotel quarantine: What do the new rules mean for arrivals travelling to the UK border?
On thin ice: the danger posed by thawing permafrost and how businesses need to prepare February 11, 2021 Rapidly thawing Arctic permafrost is a prime example of how climate change is impacting natural ecosystems and, in turn, business operations. Permafrost is the name for ground that remains frozen for more than two years. It has existed in this region for millennia. Temperatures in Russia have increased by around two and a half times [...]
Ministers in talks with US and Singapore over international vaccine certificate February 10, 2021 Ministers are in discussions with other countries over the creation of an international vaccine certification system that would allow a partial resumption of travel, the transport secretary has said. Grant Shapps told the BBC he has spoken to his counterparts in the US and Singapore about the creation of an internationally recognisable system of proving [...]
Hotel quarantine to cost £1,750 per person with flouters facing 10 years in jail February 9, 2021 All passengers returning to the UK and Ireland from “red list” countries from Monday must quarantine at a hotel for 10 days at a cost of £1,750 per person, the health secretary has announced. “Any returning citizens will have to quarantine at an assigned hotel room for 10 days —or for longer if they test [...]
Cheaper rent draws tenants to central London locations February 8, 2021 Lower rents in prime central London locations are grabbing the interest of prospective tenants, suggesting urban living still has strong strength of demand despite the pandemic. The number of new prospective tenants registering in prime central London (PCL) who came from outside the area was 35 per cent between June and December 2020, according [...]
Central London retail investment doubles as fresh brands swoop on empty high street stores February 5, 2021 Less established brands swooped on discounted central London property in the final quarter of last year, as the collapse of former high street stalwarts has prime space up for grabs. Total central London retail investment in the fourth quarter of 2020 reached £475m, more than double the volume reported in the final three months of [...]
London house prices: Which exclusive areas suffered the biggest drop in property values? January 25, 2021 House prices in some of London’s most exclusive neighborhoods plunged due to the coronavirus pandemic, according to the latest research. Sold prices across prime central London postcodes have fallen 10 per cent since the start of the pandemic, while property values across the capital grew three per cent on average. The W1J postcode in Mayfair [...]