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January 2014

US firms flocking to Silicon Rounabout

It seems that Old street, now dubbed Sillicon Roundabout due to its attractive status to the startup world in the TMT sector is now attracting thousands of entrepreneurs from the US. 
31st January 2014

Rents rise in high-rise

Signs of positivity in the economy can be diverse and can arise from many different sources. One of these indications is the recent rent increase at the Cheesegrater building, half-owned by British Land. The company, which owns a variety of commercial properties across the capital, has secured a lease to...
29th January 2014

Economy on the up for UK

Yesterday’s talk was focused on the recent figures showing that the UK economy grew by 1.9% last year, the strongest it’s been since 2007, with critics arguing that it was ‘the wrong kind of growth’ or that these figures were only part of the picture. 
28th January 2014

Stamp of approval from Boris Johnson

London Mayor Boris Johnson, one of the capital’s most talked-about characters, has instigated controversy recently with his involvement with Royal Mail Group’s development proposal.  The recently privatised company hopes to undertake the construction of a mixed-use site to include shops, restaurants, offices, and 683 homes – at the Royal Mail...
27th January 2014

Off market deals becoming more common in the West End

In the West End, the office market is getting tighter and tighter when talking in terms of supply of available office space. There are a number of reasons for this, one of which is the government bill allowing landlords to convert their offices to residential without having to obtain planning...
24th January 2014

Morgan Pryce secures Office space in Victoria

Morgan Pryce recently acquired 1,313 sq. ft. for a property management company in the heart of Victoria, on Buckingham Palace Road, taking on a 10 year lease with a 5th year tenant only break. This floor was one of the last remaining floors of this size in Victoria at the...
23rd January 2014

JLL on the move after 29 years

Jones Lang LaSalle announced last week they will be moving out of their home at 22 Hanover square and consolidate their office space in to 30 Warwick Street. JLL spent nearly 29 years in the 43,000 sq. ft. space in Hannover square which had become their largest HQ in the...
22nd January 2014

The market is back!

As we enter into the third week of January it is clear to see that the market is now back up and running and in full swing again after the extended Christmas period. So what does this mean for the property market? On the disposal side, landlords will be much...
21st January 2014

Frenzy at Kings Cross continues

The frenzy at Kings Cross continues as Brockton Capital agree to pay 40% above the asking price for Ted Bakers North London HQ. Ted Baker are currently occupying 3-6 St Pancras Way, NW1 which is a three storey building occupying 262,800 sq. ft. of space and is currently valued at...
20th January 2014

Service charge caps

As all good property professionals will do, Morgan Pryce always advise their clients acquiring office space in Central London that they should seek a cap on their service charge which are usually linked to RPI rising annually. The reason for this is to protect the ingoing tenant from being stung...
17th January 2014

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