How Brits (and businesses) fell in love with the humble retail park Retail On the outskirts of every bustling town and city lies the reliable, yet boring, retail park. But, as dull as they may be, retail parks are having their moment in the sun.
British Land ‘considering’ offloading some assets to US property giant: reports Bids due in this week Property developer British Land is considering selling a number of its assets to US real estate group Realty Income, reports say. The potential £300m deal would involve selling a portfolio of six London-based data centres and offices, currently leased to Vodafone, and three shopping centres, according to The Sunday Times. Realty first entered the UK [...]
‘They nailed it!’: Designers of Exchange Square by Liverpool Street Station awarded for ‘transforming’ area Square Mile A new park located in Liverpool Street has won an architectural award for its efforts injecting fresh greenery and leisure space into the busy Square Mile. Exchange Square, which is situated at the back of Liverpool Street, was awarded ‘Building of the Year’ by the Worshipful Company of Chartered Architects’ (WCCA) – with the masterminds [...]
British Land overcomes uncertain landscape with leasing spree across London July 11, 2023 British Land provided investors with a cheery update on the outlook for the commercial property sector, as the firm was boosted by leasing activity across London and strength of retail parks. In an update ahead of its AGM later today, the property developer secured 552,000 sq ft of leasing across its portfolio in the first [...]
London office market now a race for best in class, says British Land May 17, 2023 The gap between the "best and the rest" is beginning to define the London office market, say property developers British Land this morning.
FTSE 100 close: Inflation shock drags London index lower as real estate firms lead losses April 19, 2023 London’s FTSE 100 slipped today as investors took fright at UK inflation topping forecasts to stay in the double digits last month. The capital’s premier index shed 0.13 per cent to drop to 7,898.78 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.49 [...]
Banks, inflation, recession, gold AND Ocado: Five lessons the markets taught us this week March 31, 2023 It’s spring. The days are longer, the sun is shining, and fears about the imminent implosion of the global financial system are fading, for now anyway. Markets appeared to calm down after several weeks of banking-related aftershocks and both the FTSE 100 and FTSE 250 were on course to end the week on a positive [...]
Tech recruitment firm Levin to set up London HQ at new space in 155 Bishopsgate December 5, 2022 British Land has signed an agreement with tech recruitment giant Levin to let its entire Storey space at 155 Bishopsgate for its new London HQ. Levin, which has had a footprint at the development since 2020, is to take up 23,000 sq ft of space, after previously leasing space on the same campus at 1 [...]
Exclusive: Second Los Mochis restaurant to open at 100 Liverpool St rooftop October 3, 2022 British Land Land has signed Los Mochis, the Baja-Nihon restaurant, which will open a flagship 14,000 sq ft restaurant on the rooftop of 100 Liverpool Street at Broadgate. CityA.M. can reveal that the Baja-Nihon restaurant will set up shop at 100 Liverpool St at Broadgate, opening in autumn 2023. The new venue follows in the [...]
Real estate giant JLL reports record revenue for fourth quarter February 28, 2022 Real estate giant JLL has reported record revenue and fee revenue for the fourth quarter. In results published on Monday, the Chicago-based firm reported record revenue of $5.9bn and fee revenue of $2.8bn for the quarter. Revenue shot up 23 per cent while fee revenue jumped 42 per cent. The real estate and investment management [...]