Property development group Hammerson has agreed the £65m purchase of the long leasehold interest in Leadenhall Court, a City of London office building, from Ernst & Young, the receivers handling the White Tower CMBS portfolio. Leadenhall Court ... Read more
Despite the well reported problems with WeWork, the largest private tenant in London, take up of flex space (which covers coworking space, serviced offices and centres that have both shared and private space) is still high. A recent Guardian article ... Read more
The Central London offices market was active in the second quarter of this year, with take-up rising 32% above the previous quarter’s level according to new research from CBRE. The firm notes that there were three deals of more than 100,000 sq ft ... Read more
Never one to shun the limelight, Boris Johnson has been out and about at new property developments in the capital in recent days. The Mayor of London last week confirmed a STG 1.5bn deal with The Silvertown Partnership – a consortium of Chelsfield ... Read more
Activity in the market for City office space to let in May reached one of the highest monthly totals on record, says Jones Lang LaSalle. A total of 793,400 sq ft was taken up last month, which represents a 117% jump from April and is 135% above the ... Read more
The range of City office space being marketed in the final quarter of 2012 serves as a reminder that there is room for creative deal-making, says Colliers International in its latest research into the sector. Take-up of City offices reached 1.3m ... Read more
Ahead of the inauguration on Thursday of The Shard, speculation is building as to the identity of the first tenant of the available office space in this, the newest and tallest building in London. The Telegraph has quoted Irvine Sellar, chairman of ... Read more
Hammerson yesterday announced the sale of most of its portfolio of London office property to Brookfield Office Properties for £518m. The group had announced in February that it wanted to become a specialist retail REIT and become “the best ... Read more
As market uncertainty is driving a risk-averse and cautious approach from occupiers, developers of office space in London face a significant challenge in securing tenants and beginning projects, says building consultancy EC Harris. While there is ... Read more
Take-up of office space in Central London during November was higher than in any other month in 2011, as leasing activity bounced back after a weaker October, says CBRE. Take-up reached 1.1m sq ft in November, up 80% from the previous month. The ... Read more
