January 2015

The Leadenhall Building, more commonly known as the Cheesegrater, is one of London’s newest and most iconic buildings. Towering above London’s financial district, it is now 70% occupied, with British Property and Oxford Land leasing approximately 93,400 sq. ft. of the space. The diversity of tenants is testament to the...

Its half way through January and the office agency market in central London is about to get going after the long Christmas break. There is generally a positive outlook for 2015 with base rates expected to stay a consistent 0.5% for half the year (the lowest ever recorded) and continuing...

With high demand and lack of supply for housing, retail, and office space in London, everyone has an opinion on what should be developed on the Bishopsgate Goodsyard. The current development plan is for 1,464 homes, 594,000 sq. ft. of office space and 215,000 sq. ft. of retail space. This...

Research released by Colliers International indicates that prime office space in the capital is fast running out.  Despite other areas in London gaining popularity, there are many companies who only wish to base themselves in central London, so much so that demand is now 25% above the 15-year average. 

An office site in central London on Marylebone Road has been bought by the University of Westminster for approximately £25 million.  The sale was facilitated by VanHan, an agency that has formerly dealt with luxury residential properties, with the deal being the first commercial investment sale for the company. The...

Pre-Christmas expectations of rents rocketing in Kings Cross are an indication of London’s booming commercial property sector; it is no longer the prime locations in the West End that are experiencing rapid increases in rental figures. The London market as a whole is in the midst of a period where...

In 2014, the Central London office market saw lots of change with new markets emerging, mainly from the usual submarket occupiers relocating and rents steadily increasing across the board. In 2015, the Morgan Pryce team believes we will see more of the same.

A survey of UK managers’ New Year resolutions has revealed that half of them would like to develop their team’s skills in 2015.  This is the first time in recent years that “developing people” has appeared in the top three resolutions, which are:

The King’s Cross redevelopment project, spearheaded by Argent, is the subject of a 20% offer of sale, valued at £2 million, and which, it is anticipated, will attract sovereign wealth funds and pension funds, with potential for the stake available to vary in percentage, depending on investor interest.