The giant Westfield Stratford City development has appointed CB Richard Ellis and Cushman & Wakefield as joint leasing agents for the 1.1m sq ft of office space to be constructed as part of the scheme. The offices will be in the new commercial ... Read more
Jones Lang LaSalle’s latest research on the Central London commercial property market has concluded that the capital has just seen its strongest quarter since 2001. Neil Prime, head of markets at the group, said: “The total take-up of 3.5m sq ft ... Read more
Heron Tower, at 110 Bishopsgate, was topped out today. This is currently the tallest building in the City of London, with 46 storeys, and offers 439,560 sq ft of offices with a restaurant and bar at floors 38-40. The tower is 663 ft high but when its ... Read more
The looming General Election has unsettled the UK commercial property market, says the latest research from Cushman & Wakefield. David Hutchings, head of research, said: “The market remains strong but it is clear that some investors are at the ... Read more
You may remember the recent court case that resulted in a €100,000 fine for Drivers Jonas after it hired a Cannes restaurant down the road from MIPIM to entertain delegates on the way to the conference venue. The judge agreed with organisers Reed ... Read more
For the first time since government records on the subject began in 1998, the amount of available commercial property in the UK has fallen, according to research by NB Real Estate. The company, part of Capita Symonds, says that in 2008 around 1.2m ... Read more
Economist Roger Bootle has some words of warning for those invested in the commercial property market – or thinking of doing so. Writing in today’s Daily Telegraph , he says that while the current rebound in the commercial property market is not ... Read more
A new month, and more things for retailers to worry about. The British Retail Consortium has today called on the government to reappraise the property taxes they have applied to businesses, saying new increases threaten “to harm retailers’ ability to ... Read more
The system of paying rent on a quarterly basis is “archaic”, says the Liverpool Daily Post in a Viewpoint column published today. And recent case law is forcing administrators to shut up shop instead of fighting for struggling businesses, it ... Read more
The Financial Services Authority has “underestimated” the extent of the problems facing the commercial property sector with regard to lending, says primary and special servicer Hatfield Philips. The FSA’s Financial Risk Outlook 2010, published ... Read more
