May 2019

Schroder REIT (SREIT) has sold Booker-let warehouse in Acton, West London, to Valor Real Estate Partners for £18.9 million — a net initial yield of 3.5%. The addition of the 64,614 sq ft warehouse has now taken Valor’s Greater London portfolio to 1.3 million sq ft. The site is currently...

Despite the Brexit downturn, West End property group Shaftesbury has posted a small rise in net asset value (NAV) for the first six months of 2019. The company — which owns the 15-acre Soho, Carnaby Street and Covent Garden estate — posted a 0.4% rise in NAV to £9.95 and...

FTSE 100 developer Landsec has confirmed the success of its recent trial of fully-fitted offices, aimed at helping tenants move offices faster and more easily. According to Landsec chief financial officer, Martin Greenslade, the provision is “…like renting a furnished apartment,” and the firm is looking to use the project...

Two sites in Wandsworth have been acquired by the Legal & General BTR Fund, PGGM and Legal & General Capital, with plans to deliver L&G’s largest build-to-rent (BTR) scheme yet. The sites are located adjacent to Wandsworth Town train station and comprise a total of six acres. The scheme, which...

Morgan Pryce has delivered a strong start to 2019, negotiating numerous significant deals and acting on behalf of many prestigious clients. Some of the most notable achievements of Q1 2019 include: Acting for LUC (Land Use Consultants), as the organisation moved its London HQ from King’s Cross to a 6,000...

Meetings are the cornerstone of effective business working. They foster communication and collaboration, and they are where new ideas and organisational strategies are formulated. With advances in technology and evolving workplace environments, the concept of the traditional meeting has become more fluid. From virtual conferences that connect companies on different...

Retirement living specialist Auriens has secured a four-year £185 million loan facility from Goldman Sachs to fund a luxury retirement living development. With its equity partner Zenprop, Auriens plans to use the loan to build a 55-unit scheme just off King’s Road in Chelsea. Multiplex Construction Europe has been awarded...

Derwent London has secured 217,000 sq ft of lettings so far this year, 6.2% ahead of December’s estimated rental levels. These new lettings mean that 64% of the 1 million sq ft that the company has under construction is pre-let, and are set to bring in £17.2 million in rent....

Crossrail operator MTR is set to seek a two-year extension for the construction of its £17.6 billion rail line. MTR currently runs services on completed Crossrail tracks, but has revealed that the central portion of the line may not be finished until late 2021. The £1.4 billion contract is due...

Your office reception area is the first physical point of contact between your business and the rest of the world. From new and prospective employees to prestigious potential clients, it is the location where any visitor will form their first impression of your staff, your organisation, and your brand. So...