Fuel be sorry: Record petrol prices could hurt retail sector warn experts March 7, 2022 Experts suggest record prices at the pumps could hurt the retail sector and potentially stall the UK's ecommerce boom.
London faces logistics space crunch as e-commerce firms take over city March 4, 2022 London would run out of available industrial space within five months, should the current take-up rate continue, amid an e-commerce boom. The capital and the South East are facing running out of industrial and logistics spaces, according to a report published today by London First, in partnership with CBRE. It comes as the pandemic has [...]
City Moves: Who’s switching jobs in the Square Mile this week? February 25, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. BDO Accountancy and business advisory firm BDO has further strengthened its tax expertise with the appointment of two new partners. Joining the firm in London from Leyton, Radeep Mathew is set to focus on advising clients on issues around R&D [...]
Camden and Chelsea among London areas to see biggest rent increases February 23, 2022 Average London rents are predicted to grow 14 per cent over the next five years, according to data exclusively shared with CityA.M. Desirable areas including Kensington and Chelsea, City of London, Camden and Hammersmith and Fulham saw the largest rental increases, with prices jumping around a third for each borough. Data from CBRE found that [...]
City Moves: Who’s switching jobs in the Square Mile this week? February 18, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Quadrant Real estate asset management and development company Quadrant has appointed a new associate partner from CBRE. Onder Atasayar joins from CBRE where he was responsible for developing the company’s portfolio valuation models and overseeing quarterly valuation of [...]
Forced sale for £1: Govt attempt to unwind £8bn privatisation deal by forcibly buying back 57,400 properties is turning ugly February 3, 2022 The Ministry of Defence has been given “two weeks” to avoid legal action by Annington Homes as the government seeks to unwind one of the Government’s biggest ever privatisation deals. Annington, a portfolio of 57,400 military properties, valued at more than £8bn this year, was sold off by the MoD in 1996 in a move [...]
Office market booms as Tfl passenger numbers climb again January 28, 2022 Take up of Central London office space soared at the end of last year, in a major boost for the City’s revival this winter. Tenants took up 3.2m sq ft of London office space in the final quarter, exclusive data from real estate firm CBRE revealed. This was the strongest take-up since the end of [...]
Build-to-Rent investment soars to record high in 2021 January 6, 2022 Investment into the UK’s build-to-rent sector hit £2.1bn in the last quarter of 2021 as the sector capped off another record year of investment. Investment soared to £2.1bn in the last three months of the year, taking the year to a record high of £4.1bn, according to preliminary data from global real estate advisor CBRE. [...]
Investment in London office space returns to pre-pandemic levels January 5, 2022 Investment into London offices has returned to pre-pandemic levels, new research has revealed, after the pandemic nearly killed off the traditional workplace. Investors pumped £11.3bn into office transactions last year, preliminary data from property agent CBRE found, matching 2019’s figure. The cash injection was nearly 50 per cent higher than the £7.6bn recorded in 2020, [...]
Warehouse deals hit record high as UK firms look to reel in supply chains December 16, 2021 Property deals for industrial and warehouse spaces have hit a record high this year, suggesting that businesses are reeling in their supply chains closer to home. Take up of warehouse space is set to hit a record 66m square feet this year, according to preliminary data from Knight Frank, surpassing 2020’s record by nearly 30 per cent. [...]