Pryce Morgan - 2013 September

Serviced Office Group Plc, now the second-largest serviced office provider in the UK after Regus, since its purchase of rival Avanta in July of this year, has reported higher revenues for the first half of this year, although its profits were damaged by opening a new location. 

The continuing and consistent popularity of the West End has kept prices high over the last 12 months. Added to this is the trend for turning the old, grand residential houses, which have been used as offices for years, back to luxury properties for the wealthy – who are often...

Google’s charge on the Capital continued last week as their attentions turned to the town hall in Camden. Google, paired with Argent have lined up an initial bid for the 100,000 sq ft town hall and council offices, which sits opposite St. Pancras station. Google and Argent are already working...

One of the UK’s highest skyscrapers is facing possible sale by the bank that financed the project, which was completed in 2011. The building has failed to let to the expected extent, being only 59% occupied at present.  Heron Tower is 46 storeys high and is situated close to Liverpool...

We have already seen property investment yields fall in non-core markets, a year ago we were seeing prime yields outside the core at around 5% those yields have come in by 25-50 basis points to 4.5-4.75%. There are two factors that have contributed towards these movements of yields. 

London’s skyscrapers may shortly be gaining a new companion. In the vicinity of the City’s financial district, and near to the recently completed tower at 20 Fenchurch Street, also known as the Walkie Talkie, the new building would be approximately the same height as its neighbour, at 600 feet tall. 

Paris is showing that it’s not to be outdone in the battle of the skyscrapers. And the developer, Russian company Hermitage, in addition, wants to double up for good measure. 

When assisting clients who are moving to a new office, Morgan Pryce recognises the need for the company to put its mark on the site. A regular requirement of a client is a space that has a style that represents who they are, and if they can’t find a building...

Looking at total supply across the West End, last quarter’s supply jumped to a total of £4.3 million square feet of offices. Much of that was because of the construction of speculative schemes producing 590,000 square feet of vacant office space; however, this should be seen in context which shows...

Economic sentiment is improving and we have seen that shown by a number of indicators this quarter, particularly in the positive GDP result for Q1 and most recently in the latest PMI survey, which suggested that service activity is growing at its fastest pace for 2 years. These are some...