Grosvenor: Central London valuations ‘subdued’ amid Covid side effects COVID RECOVERY Property investment firm Grosvenor is back in the black after better fortunes for its 300-acre estate in Mayfair and Belgravia. Owned by the Duke of Westminster, the multibillion-pound portfolio swung back into profit with a pre-tax profit of £327.5m, after posting a £322.8m loss in 2020. The Liverpool ONE shopping centre owner swung back into [...]
Law firms drive demand for London’s ‘super-prime’ office space London Offices Law firms are driving demand for “super-prime” office space in Central London, amid fierce competition to recruit and retain legal talent. Law firms took up more than a quarter (27 per cent) of all office space in the City of London last year, according to figures from Knight Frank. Intense competition between law firms to [...]
Row erupts as new London arena dubbed ‘enormous glowing blight’ gets planning approval London controversy A row has erupted over a new music venue branded an “enormous glowing blight” which has now been granted planning permission. The MSG Sphere in Stratford at the site of the 2012 Olympics got approval from the London Legacy Development Corporation (LLDC) today, despite more than a thousand complaints from residents about the 21,000-seater arena. [...]
Young people are coming back to London but population is still lower than pre-pandemic peak February 15, 2022 Young people, who left London in the midst of the pandemic, are coming back to the UK’s capital city, according to research from the Greater London Authority (GLA). Analysis by the GLA suggests the number of people aged 18-29 dropped sharply at the start of the pandemic, as thousands of young people left London to [...]
US investors pump £1bn into Central London offices since September December 8, 2021 Investment flows into the Central London office market has hit £2.2bn since the beginning of October, according to neww research from Knight Frank.
French Unicorn Aircall opens new office in UK November 9, 2021 French Unicorn, Aircall, the global cloud-based call centre software, will be opening its UK office in London’s Silicon Roundabout as part of its expansion across Europe.
Walking, cycling and urban greening: Meet London’s green development priorities October 18, 2021 London’s mayor Sadiq Khan has announced that, as part of his plan to make London net zero by 2030, new developments will need to be greener and prioritise energy efficiency and space for walking and cycling. Set today by Khan, the three pieces of new guidance – called Be Seen Energy Monitoring, Urban Greening Factor [...]
Gove the gardener: Are plans for a Tulip tower in London set to bloom again? October 17, 2021 Tulip fever is heading to London, with housing secretary Michael Gove tipped to overule London mayor Sadiq Khan’s decision to squash plans for a flower-inspired skyscraper in the City. Gove is expected to give the plans for a 300m tower the OK, the Telegraph reported, which would overturn Khan’s 2019 decision against the Tulip. At [...]
Share of London buyers from outside capital at five year high August 27, 2021 The share of buyers moving to London from outside the capital has reached its highest level in five years. Data from Hamptons, the luxury estate agents based in London, showed that the proportion of buyers who moved in from outside the capital jumped to 13.5 per cent for the 12 months ending June 2021. Migrated [...]
Derwent London snaps up Bloomsbury buildings as return to office builds August 10, 2021 Property giant Derwent London has announced the acquisition of five buildings around Bloomsbury and Marylebone as demand for new office space starts to rebound. Derwent London exchanged contracts for two properties totalling 182,100 sq ft located in the so-called knowledge quarter around University College London for £214.6m. The freehold office building at 250 Euston Road [...]