September 2018

After some well-publicised negotiations, Zara’s founder Amancio Ortega has purchased the prestigious Adelphi building at 1-11 John Adam Street in Covent Garden for around £550 million, through his property investment firm Pontegadea. The 330,000 sq ft, grade II-listed site was originally built in the 1930s, and after extensive refurbishment in 2017...

AXA Investment Managers – Real Assets has completed the first pre-let at its massive 1.4 million sq ft development in the City of London – to global insurance provider Hiscox, on a long-term lease that expires in 2037. The firm has taken 75,000 sq qt of space across the 8th,...

Shares in the serviced offices firm fell by 63.2p (21%) to 237.4p after it announced to private equity firms Starwood, Terra Firma and TDR that it no longer intends to continue discussions regarding its potential £2.7 billion takeover. The move comes 12 weeks after talks were first opened, and just...

Orchard Street Investment Management has completed a significant deal on a large new space located in London’s City Fringe on behalf of a pension fund client from DTZ Investors. The trendy warehouse building underwent considerable refurbishment in 2017 and now boasts an impressive ground-floor showroom, roof terrace, and grade A...

Reuben Brothers has continued its impressive spending spree in London with the purchase of Glen House in South Kensington. The building, located at 125-133 Old Brompton Road, currently houses a Ferrari showroom on the ground floor and also has planning permission already in place for luxury offices and residential units...

Prestigious British furniture company Timothy Oulton has taken up a 72,000 sq ft new space on the King’s Road in West London to be its global flagship store. The firm has signed a deal with Bluebird Garage to use the new space in the beautifully renovated art deco building as...

After a significant review of its real estate requirements in the capital, American law firm Reed Smith has made the decision to give up 26,266 sq ft over two floors of office space at Broadgate Tower. The company introduced an agile working policy in London last year, and this is...

A fantastic opportunity to occupy a high quality, fitted out work space in the heart of Farringdon, has recently become available. Covering a range of 2,500 sq. Ft, this office space is home to an excellent amount of natural light. Being situated just minutes away from Farringdon station and Chancery...

Despite a somewhat slow beginning to 2018, investment into London has boomed in recent months, rising 85% to £5.3 billion in Q2 – a 67% increase on the same period last year and bringing the 2018 half-year total to £8.1 billion. Thirteen significant deals of over £100 million were completed...

Global social media juggernaut Facebook has finalised a deal with Kings Cross Central Limited Partnership (KCCLP) to take up 600,000 sq ft of the newly-developed scheme at the site, where it joins other prestigious tech companies Google and YouTube. The new space will be comprised of three buildings – two...