PineBridge Benson Elliot has secured planning for 215,000 sq ft sustainable offices in The City including 14,000 sq ft of food & beverage, and retail space.

Landsec has backed prime London offices by committing to  its 380,000 sq ft Timber Square development in Southwark

WeWork's investment arm, WeWork Capital Advisors, has exchanged on 99 Queen Victoria leaving it owning just one office building in London

We have a new member of staff, James Couse. James brings to us his extensive agency expertise in the City and London niche markets and we are very happy he has joined

As Meta pay £149 million to British Land, to get out of their lease obligations at 1 Triton Square, what are the real costs involved and to whom?

The West End investment market is showing some signs of recovery with over £1bn of deals under offer, whilst availability is at over £4bn

Flexible workspace provider WeWork warned that “substantial doubt exists" about its ability to continue as a going concern

Your Content Goes Here Interest rates, quality & sustainability High interest rates are being blamed for a slump in Central London’s office market, in the first 6 months of 2023, with investor spend on buildings dropping by more than 50%.  The total investment volumes were 55% lower than a year earlier, and a 42% fall from the ten year average. Rising borrowing costs add further pressure to a market that is undergoing big change, for a variety of reasons. Hybrid working remains popular, post pandemic, and other factors such as “Best in Class” and sustainability are both having their effect On borrowing costs, Julian Sandbach, head of central London capital markets at  JLL said: “The extent of the slowdown in capital invested in central London commercial real estate in the first half of 2023 is profound. The effects of rising interest rates have had a material impact on pricing and confidence as investors continue [...]

Your Content Goes Here The 56,000 sq ft office building at 5-10 Great Tower Street has been bought by real estate group Dominus for a reputed sum close to £25 million, against Cushman Wakefield’s guide price of £15 million. The sale comes as the City of London has indicated it may relax the Square Mile's strict planning requirements, that protect existing offices, to encourage alternative uses for secondary buildings. Dominus launched in 2011 and quickly built a hotels portfolio across the UK. It has more recently expanded into residential, student homes and mixed-use development. It is understood that plans for this building is for redevelopment as a hotel. Has this price achieved been influenced to any extent by the City of London’s recently indicated plans and the content of its “The Future of the Office” 2023 Arup Report? Probably the most significant recommendation in the Arup report is the introduction of a "fast track" [...]

Manchester and Bristol have been flagged as the UK’s commercial property hotspots over the next decade as investors seek to achieve better returns than the traditional, most sought after, London markets offer. CBRE has picked Manchester and Bristol as the standout locations for commercial property investment over the next ten years.  This has been based on the analysis of the expected economic drivers, such as income trends and socio-demographic predictions, across UK towns and cities.  Other factors taken into consideration have been supply pipelines, universities and housing affordability. Both Manchester and Bristol rank among the cities with the highest growth potential in various sectors including office, retail, student accommodation, build-to-rent and senior living.  Manchester has thriving retail and tourism industries and boasts one of Europe’s largest student populations. Whilst London has been the UK’s go to destination for investors putting money into new offices, shops and student accommodation, CBRE say investors are now wanting to see “what life outside [...]