November 2014

There are many factors at play in Midtown’s rising popularity. One of them is the range of properties and the corresponding range of businesses they are able to serve.  Examples include High Holborn House and Caroline House adjacent to it. Both have been acquired by the Blackstone Group, with the...

Business rates are a tax on commercial property and are used to fund local services. It is based on the annual rental value of a specified date, this is known as the rateable value. It is then calculated by multiplying the ‘rateable value’ by the ‘rates multiplier’ which is set...

Recent research as to the demographic of the area of London now dubbed Midtown shows that it is experiencing a significant influx from companies that previously occupied the West End and the City.  Analysis of take-up figures shows that as much as 50% of Midtown space is being snapped up...

Islington is London’s latest location for investment. This time it is Derwent London who have moved quickly to acquire the freehold of Angel Square for a little over £75m. With current interest in the area, Derwent London own the Angel building – opposite their new purchase, the latest acquisition by...

As the elections draw ever nearer the fear of increased interest rates resonate among the population of the UK. As a general rule UK commercial property appears to be able to absorb small rises in interest rates because unlike most other financial assets, property has not re-priced adjusting to the...

There has been talk about the Pinnacle site getting back on track to become another among the skyscrapers in the City of London. In 2011 the development grinded to a halt due to funding, since then the start to the development, which was seven storeys has become known as the...

Recently Morgan Pryce completed a deal at 4 Millbank in Westminster, however this was no ordinary deal it was Ollie Salter’s first deal. It was a long one – completing four months after Morgan Pryce was instructed! 

Lim Por-yen a Chinese Billionaire makes up the final piece of the Hong Kong conglomerate to purchase a portion of land in London next to the Gherkin, 30 St Mary’s Axe. Lim has put forward £100 million to help Lai Sun, a Chinese development company who is using London &...

Deloitte’s annual ‘Crane Survey’ was released earlier this month and makes for very interesting reading. Breakdowns of construction in London’s regional centres, from the West End to the City, across to the Docklands and Southbank are explained in detail via the report. The survey results show that office construction is...

One of London’s most iconic buildings, 30 St Mary Axe, or The Gherkin as it is more commonly known, has been sold to Brazilian investment group, Safra. The fee is believed to be in the region of £700m+ and highlights the ever diversifying nationalities that are being attracted to London;...