Revealed: How London’s super-rich commute (spoiler: there isn’t a helicopter in sight) January 23, 2017 Alright, so commuting wasn't covered in Stephen R Covey's classic "Seven Habits of Highly Effective People" – but if you want to live life more like London's elite executives, it turns out you should ditch the chopper and walk instead. Research by ultra-upmarket estate agent Wetherell found 65 per cent of the capital's "richest" executives [...]
West End residential sales jump despite stamp duty fears, says CBRE February 22, 2016 CBRE said it has seen no let-up in demand for homes in London’s West End despite concerns over stamp duty reforms and that overseas demand may be slowing. A third of homes (33 per cent) sold by CBRE in the fourth quarter reached prices of more than £2,250 per square feet, which was 23 per [...]
CBRE: Investment in City offices hit an all-time high in 2015 February 5, 2016 Investment in City offices rose reached its highest ever last year, according to new figures. Real estate giant CBRE's London Property Perspective report, seen exclusively by City A.M., shows office investment rose to £8.2bn in 2015, eclipsing the previous record of £7.5bn set in 2007. In the fourth quarter alone, investment in the City rose 49 per [...]
Apple’s move to Battersea Power Station boosted London office take-up in the third quarter October 17, 2016 Take up of London's office space has bounced back in the third quarter as the market adjusted to the new normal following the Brexit vote. According to figures from CBRE, acquisition of office space increased 21 per cent quarter-on-quarter, having fallen by 22 per cent in the second quarter. At 2.9 million square feet (sq [...]
The MoD has issued a clarion call to developers as it mulls the future of Hyde Park Barracks February 21, 2017 The fate of Hyde Park Barracks, the central London barracks which plays host to the Household Cavalry, may be about to become clearer after the Ministry of Defence (MoD) issued a clarion call to the property industry. A notice issued by the Defence Infrastructure Organisation (DIO), the organisation in charge of managing the army's estates, has [...]
New Builds: New homes on sale this weekend in Barking, The City, Hampstead, Canning Town and Blackheath February 10, 2017 360 Barking, Barking From £295,000 This collection of one and two bedroom flats on Cambridge Road is in the heart of a soon-to-be “reinvigorated” town centre in east London. Plans are underfoot to turn its riverside into “Barcelona-on-Thames” and these new homes come with underfloor heating, in-built appliances and access to a garden roof terrace. [...]
Got £40m? You could buy Liverpool’s iconic Liver Building October 17, 2016 Liverpool's Royal Liver Building is up for sale and is expected to attract buyers offering more than £40m for the landmark and its Liver Birds. The Grade I listed property is being sold by Royal London Mutual Insurance Society. It is the first time it has been on the market since it was first opened in [...]
Five new retailers are opening shops in The Royal Exchange October 5, 2016 The Royal Exchange is to become home to five new luxury brands. Aspinal of London, Grind & Co, Orlebar Brown, Halcyon Days and TD Tom Davies are taking space in the Grade I listed building. Oxford Properties bought the 16th century landmark in 2013 and this is the second set of retailers to move in [...]
City Moves for 17 November 2016 | Who’s switching jobs November 17, 2016 CBRE CBRE, the world's leading real estate adviser, has appointed Lorraine Hughes as a senior director in the UK planning team, based in London. Lorraine joins the firm from Turley. Lorraine specialises in providing commercial planning advice on large and complex central London projects. She has extensive experience advising both private and public sector clients [...]
Institutional West End property sales sizzle to record high as investors capitalise on weaker pound and foreign interest December 5, 2016 Institutional sales of commercial property in the West End have topped £2.7bn in the year-to-date, the highest volume ever recorded, according to estate agent Savills. Standard Life, Aberdeen Asset Management, DTZ Investors, TH Real Estate, Blackrock and Aviva have each sold more than £100m of assets since January, with vendor institutions making up 55 per [...]