FTSE 100 close: London markets rise after inflation surprise raises prospect of rates being left on hold September 20, 2023 The FTSE 100 climbed 0.6 per cent to trade at 7,705.34 while the FTSE 250 rose 1.2 per cent to hit 18,655.75.
The Notebook: Tim Rodber on the office of the future, English rugby’s warm-up campaign and the biggest workplace trend September 6, 2023 Tim Rodber is CEO of The Instant Group, a workspace consultancy, and played rugby union for Northampton, England and the Lions The future office exists, but it’s had a makeover We are in the midst of a workplace revolution and the traditional world of office landlords and tenants operating in an almost feudal relationship is [...]
Frasers eyes Leeds shopping centre in latest retail property buying spree July 25, 2023 Frasers has reportedly set his sights on an outlet shopping centre in Leeds as it continues on its spree of retail property acquisitions. Frasers Group, which is majority owned by business tycoon Mike Ashley, is looking to pay nearly £50m for Junction 32, which is located in Castleford in Wakefield, West Yorkshire, The Times has [...]
‘Completely unique’: Roman mausoleum unearthed near Borough Market and London Bridge June 13, 2023 Archaeologists have discovered remains from a “completely unique” Roman mausoleum just a stone’s throw from Borough Market and London Bridge station. At The Liberty of Southwark site, owned by Landsec, experts have uncovered the walls and interior flooring of a mausoleum, a type of Roman funeral monument. In the middle of the floor is a [...]
London office market now a race for best in class, says British Land May 17, 2023 The gap between the "best and the rest" is beginning to define the London office market, say property developers British Land this morning.
Khan to ‘digest’ findings of LandSec report warning London could be ‘unliveable’ in 10 years due to climate inaction January 26, 2023 British property investment trust Land Securities (LandSec) has warned cities could become “unliveable” in within 10 years without urgent planning reform to meet net zero goals. Research published this morning urges reform to prevent the UK’s cities suffering from the impact of climate change and external shocks, such as international conflicts like the war in [...]
Taylor Wimpey chair Irene Dorner to step down December 16, 2022 The chair of Taylor Wimpey’s board has stepped down for family reasons. Irene Dorner will quit in April 2023 at the end of its AGM with Robert Noel taking over the role, currently a senior independent director. She will stay on the board in a non executive role. Lord Jitesh Gadhia, who led the search [...]
GPE injects £1.1bn into ‘starved’ London office market despite sinking values November 17, 2022 GPE, formerly known as Great Portland Estates, is continuing to inject £1.1bn into feeding a “starved” central London office market despite blows from rising interest rates. The London-listed firm, which yesterday secured a record leasing of the City’s 2 Aldermanbury Square to Clifford Chance, is one of the largest office leasers in the capital. However, [...]
Crest Nicholson halts opening of new division as forward sales slow November 17, 2022 British housebuilder Crest Nicholson has halted the opening of its third new division as interest rates dampen the desire to buy a home. The FTSE250 housebuilder is not the first to voice caution over rising rates, which have pushed up mortgage costs for many – deterring Brits from jumping onto the property ladder. Forward sales [...]
Landsec books nearly £200m loss as it shrinks presence in London November 15, 2022 British property investment trust Land Securities, known as Landsec, has booked a nearly £200m loss over the past six months as interest rates sting. It follows a £275m profit in the same period last year, as the company retreats out of London. Landsec, one of the largest office leasers in London, has cut the capital’s [...]