June 2018

Lord Sugar’s real estate agency has agreed to sell 42,000 sq ft of space, ideally situated in the Crosspoint building on Liverpool street, to US private equity firm Carlyle. Amsprop has recently developed the notable site, which is located on the corner of Liverpool Street and Bishopsgate, and Carlyle will...

Sky has announced plans to develop its focus on virtual reality with a new 70,000 sq ft tech centre at its Osterley site in West London. The new centre will be the broadcasting giant’s third in Europe, and will be part of a large redevelopment of the London campus to...

Shares in IWG jumped by nearly 24% in the first half of this month as news broke that the company is looking to take itself off the stock market after 17 and a half years, prompting hopes that a bidding war to privatise the company may be on the cards....

Global investment giant KKR has confirmed that it will be taking up 57,000 sq ft of space in London’s prestigious Mayfair. The buyout firm is set to sign a lease with Great Portland Estates’ (GPE)new office space in Hanover Square, to be built over the eastern entrance of Crossrail’s new...

According to renowned commercial investment firm CBRE, London is officially the top destination in Europe for retailers looking to expand internationally. A report published by the firm entitled ‘How Global is the Business of Retail’ ranked 123 cities where at least one new international retail brand opened in 2017, and...

Knight Frank has reported that deals completed in the West End during the first quarter of 2018 fell by 64% compared to the same period last year, down to £765 million from the £2.1 billion completed in Q1 2017. Average deal size also fell, from £107 million to £51 million,...

Market leading developer Helical has agreed a sizeable deal to provide 15,994 sq ft of prime space at One Creechurch Place to insurance firm Coverys, taking the sought after building to 75% occupied – with just under 70,000 sq ft left to let. Gerald Kay, Chief Executive at Helical, has...

One of London’s most prestigious addresses – pulling in a staggering four million visitors a year to its famous archways – Burlington Arcade has been sold by Thor Equities and Meyer Bergman to the Reuben brothers for an impressive £300 million. The historic shopping destination has gone through many iterations...

Fitness chain The Gym Group has enjoyed a huge boom in profits over the last year. As membership increased by 35.5% to 607,000, company income rose by a massive 24.3% in 2017 to £91.4 million, undoubtedly bolstered by openings in prime Central London locations such as Walthamstow and Bloomsbury. Off...

Global real estate investors M&G have negotiated a significant deal to acquire GPE’s mixed-use scheme at both 78-92 Great Portland Street and 15-19 Riding House Street for just shy of £50 million. The deal reflects a capital value of £1,362 per sq ft, equal to net initial yield of 3.9%...