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March 2015

Tesco and British Land exchange goods

Tesco and British Land have come to an agreement whereby each will swap its share in a portfolio, leading to benefits for both companies.  Tesco has gained British Land’s 50% share of the Aqua portfolio in return for Tesco’s 50% share in two portfolios. A balancing payment from British Land...
25th March 2015

Office shortage hitting UK regional markets

Over the last 12-18 months, there is undoubtedly been a shortage of office space throughout the Capital. An increase in rents across London’s markets has been testament to this fact, with top rents being achieved in the West End, Midtown and City locations, whilst SE1 remains one of the tightest...
24th March 2015

Rents reach record high!

London office rents have reached new highs after it was confirmed that the family office of Helly Nahmad, a prominent Art dealer – specifically with regards to Picasso, has agreed to take 3,000 sq. ft. of space in 8 St James’ Square for more than £185 per square foot. This...
20th March 2015

Oil and Property

Historically London has had a lot of foreign investment, particularly from the Middle East and more recently from China. 75% of all office investment deals were completed by overseas investors in 2014. 
19th March 2015

Battersea Power Station sees new space hit the market

With space throughout the Central London market at a premium, it is welcome news that the Battersea Power Station development is to open its doors on over 1 million square foot of office space. The development, which includes ultra-high end residential, more reasonable apartments and retail, is aiming to attract...
18th March 2015

Colliers close to completing GM deal

GM Real Estate, headed up by two of the biggest ‘closers’ in the Property World, Tony Gibbon and Tony McCurley, are close to being taken over by Colliers International in a deal that will see the property giant enhancing its presence in the City market. The deal is believed to...
17th March 2015
Time to buy?

Time to buy?

We have all read about how the rental market is booming and have seen the critically low vacancy rates across London and more and more people are now considering buying over renting for their commercial office space.  The cost of money is at a low of 25 years at only...
16th March 2015

For Sale Signs popping up in the West end!

Landlords are cashing in as the investment value of commercial properties rise throughout the West End. This turn is welcomed to the market due to the limited amount of stock in the last year. Investment values is hugely influenced by headline rent and lease length certain. In the current market,...
13th March 2015
Resi to Office??!

Resi to Office??!

According to research conducted by Colliers International, at the end of last year approximately 6 million sq. ft. of office space was converted into residential, and this figure is increasing at an accelerated pace. According to Eugene O’Sullivan, Director at Morgan Pryce, “the supply of office space in the West...
12th March 2015

White City Collaboration

There is to be a coming together of 5 major landowners to create a much needed redevelopment plan in White City, with an estimated end value of £3 billion. A similar collaboration in Nine Elms is evidence that if landlords and councils work together and trust the joint vision, it...
11th March 2015

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