Creative solutions for business space
Office take-up in the Thames Valley corridor in the first quarter of 2011 was up almost by half on the corresponding period last year. Almost 395,000 sq ft of space was taken up in the region, which outside central London is one of the most important barometers of the commercial Read More
Mike Hussey’s Almacantar has exchanged contracts to buy the Centre Point office building in central London. The well-known 32-storey tower building is located next to Tottenham Court Road underground station and is 85% let to a variety of occupiers. The average lease length is 10 years and the purchase is Read More
News that Reading Borough Council is to finally commit to relocating to a new headquarters has set the local market stirring. The council was originally looking to move two years ago but those plans were scrapped when costs proved unaffordable. Now the council appears to have little option as it’s Read More
The popular view in the UK real estate investment market is that the world begins and ends in central London. Whilst it is true that occupier demand is strong and investor demand is high here, these factors have been priced in to potential sales and there are few bargains to Read More
Exemplar, the private development company run by Dan van Gelder and Clive Bush, has pulled off it’s most high profile scheme to date by being selected by the Crown Estate to redevelop a key site on Regent Street. The site is located on the western side of the street and Read More
Sainsbury’s has shelved plans to relocate to King’s Cross after it could not find a taker for its current Holborn location. The move would have almost halved Sainsbury’s annual rent costs (currently about £16 million) but it could not find a sub-tenant to take on it’s existing 33 Holborn office. Read More
News that Manchester United is to transfer it’s London based commercial operations team from St James’s to Mayfair got us thinking at Bray Fox Smith. The Red Devils may be one of the world’s sporting super brands but we think that other clubs should be based in “the smoke” too. Read More
The Central London office sector will continue its strong growth over the next two years, driven by a severe imbalance between supply and demand of grade A space. Demand will increase as more companies reach the end of their leases or face lease breaks – although landlords will be keen Read More
The latest figures from Office of National Statistics have sent a shiver down the spine of most businesses. The GDP for the UK unexpectedly shrank in the final quarter of last year. The bad weather was blamed for the poor performance but even after stripping that out the economy was Read More
The West End and central London office markets will see unrivalled growth in 2011, far outstripping the City and regional office centres, buoyed by sustained occupier demand and a negligible development stream. Walking round the West End you would be hard pressed to think we are in the worst recession Read More
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