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West End Investment Market Upturn

August 29th, 2023|

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

WeWork – ‘Substantial Doubt Exists’ about its Future

August 9th, 2023|

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

London Office Market Overview

July 11th, 2023|

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% [...]

City of London Offices Sell for Nearly Double Guide Price

June 20th, 2023|

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 [...]

Manchester & Bristol set to eclipse London Commercial Property Investment

June 6th, 2023|

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 [...]

Net Effective Rents for Prime London Offices Approach Pre-pandemic Levels

May 9th, 2023|

A fall in rent free periods being offered across the London office market have led to net effective rents rising faster than headline rents.  Net effective rents for prime space continued to rise in Q1 2023 and are at around 0.5% of their pre-pandemic levels.  Headline rents, across London’s sub [...]

WeWork Shares Continue to Slide

April 27th, 2023|

WeWork Inc stated last week that it had received a non-compliance notice from the New York Stock Exchange, due to its stock closing below $1 over a consecutive 30 trading-day period. Shares of the flexible workspace provider continue to slide.  The company will have six months to regain compliance.  The [...]

Green Light for £50m Central London Offices Refurb

April 12th, 2023|

Planning permission has been granted at 21 Bloomsbury Street for the refurbishment of these 86,000 sq ft Central London offices.  The refurb is to be undertaken by Morgan Capital on behalf of Capital 38 who acquired the building in 2012 for an undisclosed sum and will give the building a [...]

Central London Office Investment Bounce Back

April 3rd, 2023|

Central London investment has rebounded in the first quarter of 2023 following the lowest levels of investment on record. This signals the start of a recovery in volumes and is thanks to an influx of Asian money. The £1.65bn investment in central London offices in Q1 was more than double [...]

Q2 Office Sales Value Downturn

March 29th, 2023|

The office market is forecast to see a fall in sales values over the next quarter whilst rents are expected to see some growth in comparison to the first quarter.  This can be seen as purely a product of the cyclical nature of property and it reacting to other markets; [...]

Capco and Shaftesbury complete £3.5bn merger

March 21st, 2023|

Capital & Counties and Shaftesbury have completed their £3.5bn all-share merger to form Shaftesbury Capital. This new company will dominate the Soho and Covent Garden areas of central London.  Shaftesbury Capital’s portfolio is focused on Covent Garden, Seven Dials, the Opera Quarter, Carnaby Street, Soho, and Chinatown. The portfolio has been independently [...]

Landsec Secures Consent for Southwark Offices

March 10th, 2023|

Landsec has gained consent for the redevelopment of Red Lion Court, Bankside, part of a one million square foot development programme focused on building a green office cluster in London's Southwark. Red Lion Court will comprise 230,000 sq ft of offices, retail & open public space on the banks of [...]

Overheard in the

We Once Worked

…but is certainly not the case now as WeWork stock falls off the edge.  It’s not difficult to see where and how it all went wrong but the future of co-working space should remain strong, albeit the model slightly different.  Suffice to say we haven’t overheard “Buy, buy, buy” anywhere, let alone in BWV, and methinks its more of an imminent “bye bye”

Most Prominent Real Estate Leaders to Watch in 2023

Happy Days – it would seem our somewhat low key digital campaign is now reaping benefits as we have recently been informed that we have been shortlisted as Victory Magazine’s “The Most Prominent Real Estate Leaders to Watch in 2023” Whoop! Whoop!

Ah, reading the announcing email a little further, the squib dampens.  It’s seems that we have been shortlisted to be given the opportunity to appear in a special edition of the magazine running “The Most Prominent Real Estate Leaders to Watch in 2023” as a feature.  Furthermore there is a nominal sponsorship fee of $1,200 to appear in said proposed edition.  Dollars?  Hold the phone where is this mag?

Well we have had a look at Victory Magazine and have concluded this may not be the best way to spend $1,200 worth of marketing (we get two years of ed for that – regardless of exchange rate). Sorry to say it will not be Mr F on the cover of the above nor Closey on the cover below anytime soon.

Hmm – seems we were wrong!

Having given unsolicited email marketing a bash over the last month ed decided to get an alternative point of view to those of us here at HM.  To add a further angle to the debate we gleaned the opinion of AI which started off thus…

“In the ever-evolving digital landscape, email marketing remains a cornerstone strategy for businesses looking to engage with their audience, build brand loyalty, and drive conversions.” 

Thanks for that chaps – for those interested in exactly what they said you can read it here.

Wonderful Spam!

Okay – granted you need to be of a certain age to remember the above scene from Monty Python but suffice to say it wasn’t really a promotion for said product

Why oh why, therefore, do we keep getting bombarded with it?  And the quality of it so shockingly bad!  The latest to land in the in-box here at HM was from Oli at “digital marketing experts” Add People.  Oli suggests we may want to meet so could we email him back, with a thumbs up, and Frankie will be on the blower to arrange a time.,

Okay – so here’s what I am thinking.  Being a “digital marketing expert”, Oli, you must think blanket, unsolicited email (Spam, Spam, Spam, Spam) a good idea, or why would you use it yourselves 🤔. That being the case we don’t really need to see you we can just follow in your footsteps.  Right let me fire up my address book and get emailing.

Final point – not going anywhere near that hyperlink at the bottom of your missive.

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