New homes: Our pick of the new builds going on sale in London this weekend October 5, 2018 11 Fitzjohn’s Avenue, Hampstead From £695,000 Live in a Victorian mansion designed in the Arts and Crafts style that has been converted into 12 apartments with two new build townhouses at the back. Developer Godfrey London has re-introduced period features, along with heritage timber wall-panelling and limestone fireplaces. Call joint agents Goldschmidt & Howland (020 [...]
City deals spurred by record year of South Korean investment August 12, 2018 South Korean investors have pumped record levels of cash into London’s commercial property market over the last six months in fresh evidence of burgeoning Asian demand for City buildings. Office investment into the UK from South Korea reached £1.1bn in the first half of 2018, doubling last year’s total level of £530m in the whole [...]
Samsung selling Commerzbank’s £425m London HQ June 5, 2018 Samsung Life Insurance, the South Korean investment manager, is selling the London headquarters of Germany's Commerzbank for £425m. Samsung is being advised by DWS in the sale of the 400,000 square foot (sq ft) building at 30 Gresham Street, which sits not far from the Bank of England and overlooks the Guildhall. Originally constructed by [...]
Demand for office space in Central London grows year-on -year driven by financial services sector March 14, 2018 Demand for office space in London is up by 76 per cent year-on-year, new data has shown. According to data from real estate firm CBRE, office space under offer in Central London rose by three percent last month to 3.7m square feet (sq ft). This stood ahead of the 10 year average of 2.8m sq [...]
Samsung selling Commerzbank’s £425m London HQ near Bank of England June 5, 2018 Samsung Life Insurance, the South Korean investment manager, is selling the London headquarters of Germany’s Commerzbank for £425m. Samsung is being advised by DWS in the sale of the 400,000 square foot (sq ft) building at 30 Gresham Street, which sits not far from the Bank of England and overlooks the Guildhall. Originally constructed by [...]
Asian investors pour record amounts of cash into City skyscrapers June 18, 2018 Asian investors poured record amounts of money into London skyscrapers in the first six months of this year, with a whopping 68 per cent of City office purchases coming from Asia. According to research from real estate firm Savills, which looks at offices in the City over 20 floors, Asian buyers invested £3.1bn in the [...]
City offices set for bumper demand in 2018 as more businesses expected to come to the Square Mile January 19, 2018 City office take-up will soar in 2018 with businesses expected to lease more than 5m square feet (sq ft) of space this year. According to real estate advisers CBRE, Brexit has had minimal impact on financial and insurance firms’ appetite for office space it the City. It also forecasts demand for co-working spaces will continue [...]
Overseas investment in London offices hit record levels in 2017 after the Walkie Talkie and Cheesegrater sales January 31, 2018 The sales of two of London's most iconic skyscrapers pushed overseas investors' interests in central London offices to record levels last year, as buyers from the far East flocked to the capital. Figures by CBRE showed investment in central London offices swelled by 26 per cent to £16.4bn last year, after £3.5bn was invested in [...]
London office investment hit record levels in 2017 after the Walkie Talkie and Cheesegrater sales January 31, 2018 The sales of two of London’s most iconic skyscrapers pushed overseas investors’ interests in central London offices to record levels last year, as buyers from the far East flocked to the capital. Figures by CBRE showed investment in central London offices swelled by 26 per cent to £16.4bn last year, after £3.5bn was invested in [...]
UBS London HQ is sold for £1bn as Asian investment in London’s “trophy buildings” rises June 14, 2018 The London headquarters for multinational investment bank UBS has been bought for £1bn by a Hong Kong property tycoon, as Asian demand for "trophy buildings" in the capital grows. CK Asset Holdings, run by Victor Li after he took over the company from his father Li Ka-shing earlier this year, has purchased the prime office [...]