Game calls for ‘realistic’ rents as it closes 40 stores across the UK January 9, 2020 Game today urged its landlords to set “realistic” rents as the retailer confirmed it will close 40 stores across the country. The video game chain, which is owned by Mike Ashley’s Sports Direct, had already served notice to 13 sites, including Watford, Canterbury and Leicester. Read more: Sports Direct set for Game Digital takeover after [...]
London’s commercial property market bounces back in fourth quarter December 19, 2019 Investment in London’s commercial property market rebounded in the fourth quarter as the capital’s risk profile began to improve, strengthened by Boris Johnson securing a majority in last week’s General Election. Investment jumped 15 per cent compared to the previous quarter, rising to almost £2.8bn, according to preliminary figures. Read more: Fintech boom drives central [...]
K&K Property Holdings makes London debut with £130m Covent Garden deal December 18, 2019 Hong Kong’s K&K Property Holdings has made its first investment in the London market with the acquisition of an office block in Covent Garden for £130m. Tenants in the 90,916 sq ft tower include co-working firm The Office Group and Marathon Asset Management. Read more: Central London office take up surges as fintech sector grows [...]
Fintech boom sends central London office take-up soaring December 18, 2019 Central London office take-up surged last month, driven by growth in the capital’s fintech sector. Take-up increased 31 per cent to 900,000 sq ft between October and November, while the year on year jump was five per cent. Read more: The UK’s richest workers don’t live or work in London The banking and finance industry [...]
Pension funds are putting more money into property debt December 17, 2019 When the Alternative Credit Council recently predicted that the global private debt market will be worth in excess of $1 trillion by the end of 2020, some might have called the claim a little audacious. Only seven years ago, less than £1 in every £10 lent in the UK came from an alternative lender. Today, [...]
Property of the Week: A modern mews hidden in the heart of the legal district November 8, 2019 London lawyers looking for a pied-a-terre could find their perfect home in this secluded new mews development in the heart of the legal district. Pinks Mews is a Victorian block on Dyers Buildings; a quiet gated street set just behind the hustle and bustle of Holborn. It has just been redeveloped to create 35 luxury, [...]
Plans unveiled for £100m underground development in West End November 6, 2019 Plans have been submitted for a £100m underground development to expand the Harley Street medical area in London’s West End. The 280,000 sq ft development beneath Cavendish Square – one of the capital’s original Georgian squares – will house healthcare facilities as well as retail and leisure spaces. Read more: West End landlord Shaftesbury unaffected [...]
Wealthy UK cities showing resilience to retail downturn October 28, 2019 A group of wealthy cities such as London and Cambridge are faring relatively well during the UK retail sector’s downturn while shops in poorer and more rural areas suffer, a new report has said. Read more: Retailers brace for tough Christmas as confidence slumps Shopping parks have also shown resilience as the bricks-and-mortar retail sector [...]
Why caution on Hong Kong is paying dividends October 24, 2019 Prudent investors will have been cautious on Hong Kong for some time, says Henderson Far East Income Fund Manager Mike Kerley; with Asia’s income growth coming from elsewhere. For anyone with an interest in the Asian growth story, the scenes in Hong Kong are very worrying. While no one could have foreseen the scale and [...]
UK commercial property rental values boosted by office and industrial sector October 22, 2019 Rental values in the UK prime commercial property market rose slightly in the third quarter driven by a strong performance in the industrial sector. UK commercial property values were up 0.4 per cent as industrial and office rental values increased 1.7 per cent. Read more: Sharp rise in property values for UK’s top shared office [...]