UBS London HQ is sold for £1bn as Asian investment in London real estate 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 [...]
Vote of confidence? This Japanese bank just signed for a huge new office in the City February 13, 2018 A Japanese banking giant has given a vote of confidence to the capital by signing for a vast new office space at the redeveloped Broadgate scheme on Liverpool Street. The European arm of Sumitomo Mitsui will take 161,000 sq ft at 100 Liverpool Street, part of the Broadgate development. The lender will take the first [...]
Goldman Sachs mulling sale and leaseback of new London headquarters February 26, 2018 Goldman Sachs is considering selling its massive new headquarters in London and leasing it back. The investment bank’s new London office, which functions as its European headquarters, could fetch as much as £1bn, Bloomberg first reported. Goldman currently employs more than 6,000 staff in London, and has not announced how many, if any, jobs will [...]
London has been named the most popular city for Middle Eastern investment November 8, 2017 Middle Eastern investors are continuing to plough more money into London commercial property than any other city in the world, according to a new report from real estate investors CBRE. In the 12 months between April 2016 and 2017, London attracted $1.68bn (£1.28bn) from the Middle East – strides ahead of New York at $820m [...]
London beats New York as top real estate investment destination for Norway’s massive sovereign wealth fund March 13, 2018 London has overtaken New York as the top real estate investment spot for Norway's massive $1 trillion (£715bn) sovereign wealth fund. The fund, which is one of the biggest investors in the UK and co-owns Regent Street, bought almost £200m worth of London property last year in partnership with the Queen's Crown Estate. These included [...]
London office bonanza as City deals drive record take-up December 15, 2017 Businesses continued to flock to the capital in last month, leasing a staggering 1m sq ft of new office space, according to new figures – boosted by the highest take-up in the City since 2004. Data by CBRE showed the amount of office space leased in central London rose 36 per cent in November compared [...]
The West End wins big property deals as London office space take-up soars October 16, 2017 Take-up of office space in central London surpassed a 10-year average in the third quarter this year. Central London take-up was 3.4m sq ft, marking a quarterly increase of three per cent, and beating a 10-year average of 3.1m sq ft, according to the latest figures from global real estate advisor CBRE. The largest deal [...]
Central London take ups surge on the back of a number of large deals, CBRE finds December 11, 2016 Central London office take-up in November 2016 rose to 1m sq ft, representing a monthly increase of 118 per cent and bringing take-up in line with the 10-year monthly average, according to the latest figures from real estate consultants CBRE. Take-up in November 2016 was boosted by a number of large deals. A total of [...]
CBRE completes property fund merger creating new £1.47bn fund December 1, 2016 The CBRE UK Property Fund (UKPF) is merging with the Electricity Supply Pension Scheme (ESPS) UK property portfolio to create a new £1.47bn fund. The new fund, which has been authorised by the Financial Conduct Authority, will be operated as a Property Authorised Investment Fund (PAIF). Read more: The City of London is getting taller [...]
Focus On Forest Hill: Meet the up-and-coming part of south east London that’s been dubbed the “new nappy valley” November 16, 2017 Like a lot of south east London, Forest Hill likes to keep a low profile – lest anyone find out just how good it is. But as the affordability crisis forces more and more Londoners to search the nooks and crannies of the capital for decent housing, many of them have alighted upon this useful [...]