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April 2013

Companies divide their locations to conquer economy

Manulife Financial Corp, in Hong Kong, has recently made the decision to acquire office space outside of the traditional banking and insuring location: Hong Kong’s central business district. Canada's biggest insurer has paid the second-highest amount for office space outside the central business district: HK$4.5 billion for the 512,000 square...
30th April 2013

Public consultation for new British Land plans

It’s no secret that residential space is fighting back – and winning – against commercial office space when it comes to value, reflected in the revised planning application submitted by British Land in respect of its Clarges Estate site. The land, bought by British Land last year, in an earlier...
29th April 2013

Student accommodation thriving in the UK

Rental growth in any of the property sectors is driven by the relationship between demand and supply of which student accommodation is no exception. The main characteristic of property is that in the short term it is relatively fixed in supply whereas other economic variables such as, in this case,...
26th April 2013

Slow improvement for the UK economy

The commercial property market is intrinsically tied up with the condition of the UK economy as a whole; it plays its own part in it and, working well, can provide a boost to the employment figures and a tax income for the country. On the other hand, it is also...
24th April 2013

Is a new development in London about to get underway?

JP Morgan is in advanced talks with Berkley to sell their riverside plot of land. In November 2008, JP Morgan purchased from the Canary Wharf Group a large riverside plot of land for £237 million with the idea to develop a £1.5 billion office scheme. JP Morgan saw the site...
22nd April 2013

Planning changes closer to fruition

As spring still appears (at the time of writing!) reluctant to arrive, there seems to be no similar delay in the government’s proposed legislation on planning changes. The potential for radical change in London’s commercial property market remains a topic for discussion across the capital.
21st April 2013

The corner of St James’s Square

There's the one about the gentleman stepping out of his Club in St James's into the rain. Unable to wave down a cab the concierge recommends a bus. "But I have never been on one of those things before" says the member. "They are really good" says the Concierge. As...
19th April 2013

Mixed-use Development Scheme underway in Putney

The residential developer, London Square has bought half an acre of office space in Putney at the building of 113 Upper Richmond Road, which is located close to East Putney tube station. They have now received planning permission to proceed with a mixed-use scheme incorporating 76 residential apartments above 19,000...
18th April 2013

London property market figures down but not out

The London property market continues to keep investors satisfied as 2013 progresses. With the first quarter behind us, we can see that a total value of £2.75 billion in transactions took place in Central London during that time, with 71% of the buyers originating from overseas investment.
17th April 2013

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