London’s West End ‘picking up’ after £102m worth of deals bolsters high street August 23, 2023 The West End showed signs of “picking up” in July as demand from businesses to secure a spot in London’s premier shopping district led to a cluster of five deals totalling £102.2m taking place. So far this year some 58 property transactions have taken place and turnover year to date has reached £1.92bn. This is [...]
London routes disrupted by extreme weather as Storm Babet batters Scotland October 20, 2023 London transport routes were disrupted on Friday, as severe adverse weather and heavy rain continued to cause problems on the rail network. Network Rail told City A.M. there was severe disruption on services to and from King’s Cross, due to flooding in Grantham. According to National Rail’s website, other routes affected by the bad weather [...]
‘Too late for rent caps’: East London rents jump 50 per cent since 2019 August 5, 2024 Rental costs in London have skyrocketed over the past five years, and new data has shown that rental growth in the city’s historically-affordable east has risen the fastest. Prices have risen by around 50 per cent in Shoreditch, Bethnal Green and Haggerston to pass an average of £1,000 per month, according to data from Spareroom. [...]
Transport upgrades are vital to keep London at the top of the financial table May 11, 2023 Ask most of those who are yet to come back to work three or four or five days a week what the biggest barrier is and the answer is usually either the commute being a pain in the neck or being too expensive. So it won’t necessarily shock you to learn that in the aftermath [...]
Knight Frank revenues soar as it shrugs off ‘considerable market disruption’ June 12, 2023 Estate agency Knight Frank has posted a surge in revenues for the year despite having tackled “considerable market disruption” over the last 12 months due to the impact of the Truss-Kwarteng mini-budget. Revenues for the year ending 31 March 2023 reached £670m up from £665m in the same period last year as the opening of the [...]
West End landlord Shaftesbury reaps rewards of London’s exploding rents May 24, 2022 West End landlord Shaftesbury has reaped the rewards of exploding rental growth in London, as its portfolio valuation swells as the new Elizabeth line is unveiled. The real estate investment trust raked in nearly £19m in rent in the six months to 31 March, as its offices, hospitality and leisure, retail and residential portfolio increases [...]
TfL budget to cover costs but Londoners still set for fares hikes March 23, 2023 Transport for London (TfL) has said its latest budget will allow it to cover its operating costs, as fare rises continue to hit Londoners’ pockets with a four per cent rise set for next year. London’s transport network will achieve an overall operating surplus of £79m, its 2023/24 financial statement revealed, which it wants to [...]
Labour’s rail nationalisation is a misdiagnosis. More state intervention can’t be the cure April 29, 2024 Labour's plans to renationalise Britain's rail network have been touted as the "biggest reform of our railways in a generation." But will it change much?
London Heathrow confirms Copenhagen hub boss as CEO as it looks towards expansion June 30, 2023 London Heathrow airport has confirmed the boss of Copenhagen’s international hub as its new chief executive. Thomas Woldbye was appointed by its board as the successor to John Holland-Kaye, following a decade at the helm. The new CEO served as chief of Copenhagen Airport since 2011, and previously was previously at Møller-Mærsk, leading the global [...]
These nine London mega-projects could transform the face of the capital March 5, 2024 Nine London mega-projects have been identified in the capital's first ever 'investment prospectus' - with the potential to change the face of the capital.