Some parts of London have seen office rents jump 20% since pre-pandemic times
Workspace owns buildings in various parts of London and has seen rental income jump
City Comment: It’s not the Nineties again, but repossessions tell us a lot about the level of serious debt pain in the economy
Chairman Paul Pindar said: “I am disappointed with the financial value outcome… However, there was no other proposal or offer which provided a better return.”
City comment: Skipton’s new deal might trigger flashbacks to Northern Rock in the Noughties, but look closely and you’ll see the differences
Once valued at £1.35 billion, PurpleBricks’ market capitalisation is now £6.7 million
Education institutions are currently searching for 492,000 sq ft of office space in London, according to Knight Frank
The company said the new opening marks “the latest sign of a dramatic turnaround” since 2019 when the shop closed
Developments include a “Justice Quarter” with 18 court rooms
Persimmon’s CEO said: “Trading over recent weeks has offered some signs of encouragement.”
Savills will market the site, which was used by the BBC to film programmes such as Doctor Who
Currently, Lidl’s Totternham Court Road shop is its only location within two-and-a-half miles of Charing Cross
Cadogan Estates asked the courts to close down the luxury fitness chain’s London arm
The banking giant is looking at an office on the same site as the Daily Express Building, according to reports
CBRE estimates £1.3 billion was spent on UK retail properties in the first three months of 2023
The amount of office space occupied in the West End increased by over 1 million sq ft in 2022
Hybrid working has become very popular post-pandemic
The life sciences sector last year signed for around 800,000 square feet of office and lab space in the golden triangle of London, Oxford and Cambridge
Combined entity would have income of more than £830 million per year
The UK building sector had its worst month in almost a year, but there may be signs of greater resilience in the London housing market
Two surveys published on Monday showed a tough outlook for construction in 2023
Combined business will have a £4.9 billion portfolio of central London properties
Covent Garden landlord Capco has reported rental income growth
Sheffield Hallam, Teesside University and the University of West of Scotland among those setting up sites in the capital
The online estate agent expects to lose between £15 million and £20 million this year, but its CEO says it has “never been in better shape”
The property firm collected only 23% of rents in its most recent financial quarter
Property developer Helical is to partner TfL on developing sustainable offices above Tube stations
It will cost £15.4 billion to get all London homes up to the required grade
