News – Deals – Market
Buy-to-rent schemes up by 40% in Q1
Build-to-rent investment in Q1 totalled £735.3m, with investment into the sector up by almost 40% compared with the same period 2024.
Estates Gazette to close after 166 years
The heart says this is the end of an era - the head says it is more akin to a retirement a long time in the making.
Brookfield looks to sell Citypoint tower
Canadian asset manager, Brookfield, has put London’s Citypoint tower up for sale with a price tag thought to be around £500m. This represents the biggest test yet of the UK capital’s office market after a two-year downturn and comes as Brookfield faces a deadline on about £460mn of debt secured on the 36-storey building
AXA Plans New EC3 Tower
AXA IM have now lodged an environmental impact assessment report with the City of London Corporation on 1980s offices at Camomile Court and 63 St Mary Axe, EC3
Asda’s New Town Centre in Park Royal
Asda has today unveiled plans for a transformational Mixed-Use Redevelopment of its ten-acre Park Royal site in North West London.
Has WeWork Finally Shut the Door on Neumann?
As WeWork receives court approval to a $450 rescue plan from its senior creditors, has Adam Neumann finally been shut out in his bid to buy back the company?
The proposed deal will be voted on by creditors on May 30th.
Life Sciences Demand for Space Cannot Fill Every Void
As London’s office market continues to go through uncertain times the demand for lab space by the life sciences sector seems to be the answer everybody is relying on at present.
Canary Wharf Offices Lose Nearly £1bn in Value
More than £900mn has been wiped off the value of Canary Wharf Group’s office buildings, as the financial district landlord secured backing from lenders for a £553mn debt deal. The developer and manager of the London docklands estate reported a 14.7 per cent annual fall in the value of its property holdings to £6.8bn in 2023. Independent valuers heavily marked down its office buildings, which make up a majority of the portfolio, to £4.3bn. This has been offset by rising retail values and steady residential assets.
Adam Neumann Makes Conditional Offer to Buy WeWork
Adam Neumann has submitted a conditional bid of circa £500 million for WeWork, the bankrupt co-working company he fronted until 2019.
Moody’s Quit Canary Wharf
How significant are the recent financial services departures from Canary Wharf or is the area just, reinventing itself and moving with the times
18 Blackfriars Road £1 Billion Development Plans Revised
Hines have lodged revised plans for their office & residential redevelopment of 18 Blackfriars Road, after discussions with Historic England & Southwark Council
BT Tower to Become a Hotel
The Post Office Tower, as it was originally known, is set to become a hotel as owners BT Group sell to US group MCR Hotels for £275m.
The BT Tower was London’ tallest building for sixteen years after its opening in 1965 with its microwave aerials playing an essential role in telecommunications. Telecoms has undergone its own revolution and the Tower’s role has diminished but it still remains a significant London landmark.
Overheard in the
B W V
We loved this bit of totally whacky marketing from Casita Furniture and hats off to Alicia Ferrier Escusol, whomsoever you may be. If you are going to engage in email marketing you need to engage your audience and subject of email; The Most Loved People in London – Landlords and Agencies did it for our Mr F
So, first hurdle – its been opened
Straight into the introduction of My Landlord is the Best mag and we are reading on…
According to the latest issue of My Landlord is the Best magazine, landlords and agencies are officially London’s most cherished individuals. Who could argue with that, especially when you’ve managed to make the annual rent renewal feel like a thrilling lottery win for tenants? Bravo!
Since you’re clearly on top of the world, why not indulge in a little more adoration? We’re here to help you continue your reign of excellence with furniture that’ll make your agency’s properties even more irresistible.
Let’s make sure your properties continue to dazzle – and keep those tenants talking (in the best way possible). After all, being the “most loved” is a full-time job, and we’re here to help you excel!
P.S. Because if you’re going to be the most adored people in London, you might as well have furniture to match!
Alicia Ferrer Escusol
Seriously, You cannot be Serious?
A couple of “amusing” cold emails came across Mr F’s desk recently and were sent to the BWV for comments.
First off from someone at brandifymybusiness.com we have:
Here’s a little fun: Why did the real estate agent always carry a pencil? In case they came across a sketchy area! Sorry to jump in with a joke. There’s a bigger picture I’ll be painting in my next message
Not funny, not grammatically close to correct, and not even a company (the domain is parked by our friends at GoDaddy)
Next we have from Studio 185 a bit of visual content…
…your non apology is not accepted!
If you feel the need to unleash the Easter Punny put a bit of thought into it – dont just give it to the WEX junior
Darcy, mate. Show them how its done!
Sell Homes of “Putin’s Cronies”
The phrase ‘more easy said than done’ surely applies here?
All sounds great in theory – sell over a billion quids worth of Russian owned assets and provide new housing for displaced Ukrainians.
According to new analysis by City Hall, if the £1.1bn of property identified by Transparency International in 2022 as being bought by Russians accused of corruption or with links to the Kremlin could be sold, it would provide sufficient funding for over 4,000 low-cost homes – lifted from the Beeb
Quite a big ‘if’ and ‘but’ in there?
So any legs or attention grabbing headline? Would dearly love to voice educated opinion but a quick google of related media articles the breadth of coverage would suggest the latter