November 2016

Over the last 12 months, Morgan Pryce has seen a dramatic increase in clients looking to open gym spaces in London. The model they follow tends to be similar: the onus moving away from big rooms filled with banks of treadmills, cross-trainers and machines, towards a more personal training experience,...

GPE (Great Portland Estates) is a large British property development and investment company. The majority of their sizable assets – which totaled £2.3 billion last year – are office and retail buildings based in London. GPE have been constructing a mixed office and retail use development at 73-89 Oxford Street...

According to research conducted by a major UK real estate company, development in central London has reached an 8-year high, with 14.8 million sq ft of space currently being built. However, as the market is on its way down from the dizzy heights of summer 2015 we are seeing mainly...

As everyone is surely now aware, commercial property in the UK has been re-rated using 2015 values, with the new values set to be introduced in April 2017. Unfortunately for London this means a fairly dramatic increase in rates for businesses, especially in areas that have seen high rental growth...

The Ministry of Defence is in the process of setting up a radical new plan to sell underused, unwanted sites in order to gain capital and make investments elsewhere. The largest site currently up for sale is the RAF Fylingdales outer compound in Pickering, North Yorkshire, which is an impressive...

Business Environment Holding, the owner of flexible workspace group BE Offices, is due to see record growth this year, with turnover expected to reach £33m. The flexible office provider has expanded with four additional central London units, equating to 106,000 sq ft of floor space, taking the total to 729,751...

The City office market has been given a much needed boost post-Brexit, with the news that AXA Investment Managers – Real Assets, have decided to move ahead with the construction of the 1.4m sq ft tower, 22 Bishopsgate.

Nightingale House, Mayfair, has been sold to a private overseas investor through international property firm DTZ. The office building, situated on Curzon Street, is comprised of multi-let offices totalling 40,250 sq ft and has planning permission for a residential-led development to create 32 private residential apartments, parking, and retail and...

St James’s Square has long been one of the most sought after locations in London and has achieved the highest ever rents seen for office space in the capital. In April 2015, the Helly Nahmad Gallery signed a 15-year lease to pay £185 per sq ft for the top floor...

The Bribery Act 2010 was introduced in July 2011 and now means that failing to report bribery is a corporate criminal offence. A bribe is defined as the giving, receiving or promising of an advantage – which could be money or a service – in exchange for an illegal act...