Pryce Morgan - 2018 January

One of London’s most historic and iconic buildings, Battersea Power Station, is to be sold for £1.6 billion in one of the UK’s largest ever property deals. The Battersea Power Station Development Company has released a statement confirming that, along with Employees Provident Fund of Malaysia, Malaysian sovereign wealth fund...

Due to market uncertainty arguably caused by ‘Brexit’, demand in the UK retail sector fell for three consecutive quarters in 2017, most recently by 22%. According to the Royal Institute of Chartered Surveyors (RICS) this is the lowest reading since 2011, and the retail sector was the only area in...

Ballymore is set to develop 211,000 sq ft of prime office accommodation at its Embassy Gardens site in London’s Nine Elms over the next three years; and the company has been awarded an £82m development loan to complete the project. The ten-storey building will be the first office development of...

It is well-known that the UK economy is heavily reliant on SMEs to support economic growth and the British currency.  Now, almost three-quarters of SMEs in the country are seeking office lease terms of less than three years. Indeed, shorter leases have become increasingly popular during 2017, and are now...

Woking Borough Council has completed a major purchase, spending £72.35 million on the Dukes Court office complex in the town centre, just three years after the original purchase was made by Ærium and NorthStar Realty Europe for £61.5 million. The Dukes Court office complex consists of an astonishing 224,000 sq...

Midtown is the area of London between the City and the West End. It includes submarkets such as Holborn, Chancery Lane, and Bloomsbury. Historically, it has been a popular location for solicitors to set up offices due to its proximity to the courts. However, as more occupiers branch out from...

The Astral Towers office building in Crawley has officially been brought to market. Quidnet Capital, the current owner of the office scheme, is seeking offers in excess of £25.7 million, and real estate giant Knight Frank has been instructed for this major office disposal. The building comprises 118,000 sq ft...

Brexit is causing a time of uncertainty for Britain. A survey of more than 800 real estate professionals has indicated that London is now officially ranked among the European cities with the worst outlook for 2018. According to Urban Land Institute and the European Real Estate Report, which compares 31...

According to recent parliament debates between the Conservative and Labour parties, London is in the midst of a housing crisis. James Murray, London’s Deputy Mayor for Housing has asked the government to take action and “step up their game”. Murray has also requested an increase in investment and affordable housing,...