December 2012

Areas around Kings Cross and Euston have started to appeal to many companies in terms of location. This is largely due in part to dramatically improved rail services arising from redevelopment of the surrounding stations but it is primarily the extravagant new Eurostar development at St Pancras with the updated...

Business rates are the commonly used name for non-domestic rates, a tax on the occupation of non-domestic property. For each property in the rating list for its area, the local authority calculates and issues a rateable value. The rateable value is multiplied by the ‘rating multiplier’ to derive an annual...

Southwark Council will be purchasing its own offices at 160 Tooley Street subject to approval at a council meeting due to take place on the 11th December 2012. The council managed to beat off interest from overseas investers for the 205,236-square-foot building, which is being offered for sale by HSBC...

Knightsbridge was originally a small hamlet outside the City of London, between Chelsea and Kensington and is home to many of the world’s most expensive shops, including the department stores of Harrods, which was recently purchased from Mohammed Al Fayed by the Qatari royal family, and Harvey Nichols. The district...

This month saw another increase in office rents in the country’s capital. Offices in Clerkenwell and Shoreditch were the biggest movers again this month as prime office space saw rents increase from £37.50 in Shoreditch to £40 per square foot. Clerkenwell experienced the same sort of increase; £42.50 to £45...

The business rates you pay for your demise depends on its ‘rateable value’ and this value is calculated by the Valuation Office Agency (VOA), which is a governmental body. The business rates are calculated as a percentage of the rateable value – the multiple at the moment is 43.7 for...

Shoreditch, located north east of the City and covering Commercial Street, Brick Lane and Shoreditch High Street, has appealed to many companies leading to the steady rise of office rents: grade-A office space can now  reach  £61 per square foot. Agents at Morgan Pryce, London’s commercial office acquisition agent, have...