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April 2014

Deal done ….. Southwark

Morgan Pryce have just completed on 3,000 sq. ft. office in Southwark on behalf of an architecture firm. Morgan Pryce managed to negotiate £1.50 psf off the rent along with 7 months’ rent free and a large capital contribution to refurbish the floor into Grade A spec. This deal represents...
30th April 2014

Scandinavian sustainability

The UK arm of Sweden’s largest construction company, Skanska, has been awarded a construction project by the developer Helical Bar in respect of Creechurch Place in London, the site previously being called One Mitre Square. The agreement will see the commercial development worth £87 million to the Scandinavian company. Helical...
28th April 2014

Starbucks new announcment – A (coffee) break from tradition

The Seattle-based coffee giant Starbucks has announced this week that it intends to move the majority of its operations from the Netherlands to the UK, where it currently has 800 stores and 7,500 employees.  The company, along with other multinationals, such as Amazon and Google, has been criticised both in...
25th April 2014

Regions outside London are picking up

In 2014, there has been a large pick up in the regional office market. The top five or so regional cities have seen a very strong pick up in leasing activity of around 30% last year. Vacancy rates are low and the development pipeline is very limited at 0.8% of...
24th April 2014

Google’s new offices

It was announced this week that Google had finally signed up to take the remaining 165,000 sq. ft. of space in 6 St Pancras square in Kings Cross. The scheme was a forward purchase from BNP Paribas in 2012 with part speculative and part pre-let development in planning. The transaction...
17th April 2014

An insight to life at Morgan Pryce

A day in the life of a Morgan Pryce assistant surveyor (otherwise known as a student on work experience) is busier than one might assume. Learning as much as you can about the property market and the industry in one week is all too familiar to cramming for exams, which...
14th April 2014

Absence makes the heart …

…of London grow lonely. Social media, TV, radio and print news is increasingly questioning the ability of London to maintain the current property conditions, which have evolved over the recent years, and even months. 
11th April 2014

Battersea power station – Phase three

The Battersea power stations ongoing development unveiled their latest plans last week for the third phase of the scheme. This stage unveiled the development of 1,300 homes along with 350,000 sq. ft. of retail and restaurant space at the power station. This part of the scheme was developed by architects...
8th April 2014

Agreeing Heads of Terms

When negotiating a lease for an office there are three main points that ingoing tenants tend to focus on. Firstly, the length of the term of the lease; how long are they going to be able to stay in the space and when will they have an option to break...
7th April 2014

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