Creative solutions for business space
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
Exton Estates, the development company run by Stuart Bedford and James Mawson has secured funding for a new office scheme in Taplow, Buckinghamshire. The 11-acre site Wyeth Laboratories has been been bought for £6 million with backing from Scottish Widows Investment Partnership. The site has scope for 100,000 sq ft Read More
If ever a deal illustrated the importance of location, it must be Reading’s Station Hill. Values plummeted after the ambitious £400m scheme was planned in 2005 and locals feared the proposed towers, piazzas, bowling alley, flats and hotel would remain on the drawing board. Worse still the vandalised 1960s buildings Read More
The investment sale of Chiswick Park in west London has got the 2011 property market off to a cracking start. Blackstone is paying £ 480 million for the 1.9 million sq ft office campus that was originally dubbed a ‘mid-urban business park’ and used the innovative Enjoy Work marketing campaign. Read More
Helical Bar, the investor/developer headed by the charismatic Mike Slade, is all set to start investing on a major scale after it raised almost £30 million from its shareholders. The fund raising is believed to have been heavily oversubscribed and reflects the market view that it has one of the Read More
It would appear that far from slowing down, Britain’s recovery is intensifying. Yesterday’s economic data was remarkably good with British manufacturers on a hiring spree as they enjoy the strongest business conditions for 16 years. The Purchasing Managers Index (PMI) suggested that manufacturing is now growing at its fastest tare Read More
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