CBRE group expands into luxury end of the UK property market with acquisition of London retail property adviser June 2, 2016 Property giant CBRE has acquired the London-based property advisory Michael Horwitz & Company specialising in luxury goods retail sector, boosting its presence in the high end of the property market. The acquisition follows CBRE's move to buy the luxury property retail adviser Michael Peddar & Co in 2011. Michael Horwitz & Company, founded in 1996, has a [...]
Bank of America Merrill Lynch is looking for new space in the City despite Brexit uncertainty February 5, 2017 Bank of America Merrill Lynch (BAML) has started its search for new office space despite the uncertainty of the City of London's future following the Brexit vote. The US banking giant is currently located near St Paul's Cathedral, but as its lease expires in 2022, the bank has started looking at other buildings that could [...]
Commercial rental growth on the UK’s most exclusive shopping streets has fallen January 23, 2017 Commercial rents in London's most exclusive areas slowed to its lowest in 2016 in the final quarter of the year, new figures have shown. Rental values on so-called prime commercial property fell to 0.4 per cent between October and December, the lowest quarterly growth in a year. During the full year rents increased 3.7 per cent. [...]
Richard Scantlebury at CBRE is doing 10 marathons in 10 weeks, but he’s taking his time May 2, 2016 City runners who took part in the Virgin London Marathon may be taking a well earned break from the gym this month, but not one stoic jogger at property giant CBRE. Richard Scantlebury, who works in asset services for the company, has pledged to run 10 marathons in the space of 10 weeks in a bid to raise [...]
City office rents propped up in uncertain times by low supply March 15, 2017 Rents in the City's offices are being propped up by low supply, with only three buildings set to be completed in the capital's financial quarter this year. This year 1 Angel Court, 45 Cannon Street and the Scalpel will be finished, and Chris Vydra, City leasing agent for CBRE, said that the dearth of new [...]
Mapped: The best (and cheapest) towns to commute to London from January 17, 2017 It's the holy grail for Londoners of a certain age: a town close enough to the capital to commute from, but far enough away to be affordable. Now London's best commuter town has been named: step forward, Amersham. The Buckinghamshire town, 27 miles from London (and 59 minutes on the Tube), has been ranked the [...]
Malaysian developer spends £10m saving Georgian terraces at One Crown Place February 8, 2017 Malaysian developer AlloyMtd is spending £10m on the refurbishment of a Georgian terrace in the Sun Street conservation area as part of its residential development One Crown Place. Hackney Council insisted on the developer restoring the historic buildings as part of the planning permission for the £500m scheme, which will provide 246 apartments and 140,000 square [...]
The capital needs Crossrail 2 and Heathrow expansion to continue to compete globally, say London businesses February 28, 2017 Crossrail 2, Heathrow's third runway and East London river crossings will all be crucial to the capital's continued ability to compete on the global stage, London businesses have said. According to the latest CBI/CBRE London business survey, 84 per cent of firms in the capital see Crossrail 2 as being central to the city's successful expansion, [...]
London number one as it beats Paris and Berlin to top Europe’s tech hotspots December 5, 2016 London is leading the way among cities in Europe for technology companies, with the booming sector set to outperform other industries over the next four years despite the vote to leave the European Union, according to a new ranking. The capital beat Paris and Berlin into second and third places respectively, while the broader Thames [...]
Speedy CBRE team crush the corporate competition in Tower 42’s Vertical Rush March 10, 2016 TV personalities may have won the adrenalin fuelled race to the top of Tower 42 earlier this week, but one City firm also rose to the challenge. Five members of staff from real estate advisor CBRE were crowned champions of the annual Vertical Rush challenge on Wednesday. The sprint up every floor of Tower 42, precisely 920 steps, is about [...]