Walkie Talkie tower seals fourth letting January 23, 2013 LAND Securities has bagged itself another tenant for its Walkie Talkie skyscraper in the City, the property giant revealed yesterday in an upbeat trading upbeat. Royal Sun Alliance is to take four floors at 20 Fenchurch Street, meaning thirty-four per cent of the building is now pre-let and a further 18 per cent is under [...]
Innovation Diary: Startup collaboration isn’t new – but it’s increasingly intentional September 29, 2013 ROYAL Mail’s privatisation is certainly an expression of confidence in the company, with investment set to speed up the pace of restructuring away from its declining letters business. But the future may not be so rosy. Writing in City A.M., the futurist Ian Pearson suggested that Royal Mail’s profitable package business could itself be challenged [...]
Vodafone rides into an uncertain future after Verizon sale September 2, 2013 The sun was shining brightly yesterday on the first proper day back to work after the summer holidays and unless you were leaving a parked car in the shadow of the Walkie Talkie building in Eastcheap that had to be a good thing. The financial markets were in fine fettle too, with the FTSE 100 [...]
Walkie-Talkie awaits more calls July 17, 2013 PROPERTY giant Land Securities said yesterday that it expects the Walkie-Talkie skyscraper to be two thirds let by its completion next year, in a sign of growing confidence in the market. The City office market has seen a pick-up in leasing activity in the past year as companies who had previously shelved plans rushed to [...]
Land Secs bags third tenant for Walkie Talkie November 8, 2012 LAND Securities said yesterday it had clinched its third tenant at the Walkie Talkie skyscraper scheme in the City, as insurers help bolster the muted office lettings market. The property giant said its joint venture with Canary Wharf Group is now 23 per cent pre-let with a further 11 per cent in solicitors’ hands after [...]
A tale of two cities December 17, 2012 BRITISH Land and Oxford Properties have bagged their second tenant at the Cheesegrater skyscraper in the City, underlining the booming demand in London’s insurance district in stark contrast to parts of the City that have traditionally depended on the banking sector. Amlin is to take 111,000 square feet at the Leadenhall Building for an undisclosed [...]
Canary Wharf’s majority owner strikes deal with shareholders August 13, 2012 SHARES in the holding company and main shareholder behind Canary Wharf Group were given a boost yesterday after it changed the terms of its preference shares, in a move it said will improve the group’s financial position. Songbird Estates, which owns 69 per cent in Canary Wharf, said it has reached an agreement with China [...]
The changing skyline of Aldgate June 4, 2013 Aldgate is fast becoming a hub for mixed-use developments offering the best in modern living. Naomi Mdudu investigates. The east end isn’t the only area under major regeneration. Aldgate, which lies within the City Fringe, a transitional area between the financial district and east London proper, is quickly becoming a prime residential spot and is [...]
CITY MOVES | WHO’S SWITCHING JOBS July 30, 2012 Canary Wharf Group Eric Van Der Kleij has been appointed as a specialist adviser to the property group. As current chief executive of the Tech City Investment Organisation, he will advise on linking Canary Wharf with opportunities in digital technology. Janus Capital Matthew Nagele has been appointed as head of UK for the investment firm’s [...]
Barclays to cut hundreds of London bankers January 22, 2013 BARCLAYS is to cut hundreds of investment banking jobs in London next month, yesterday launching a consultation on the job losses. The bank is expected to shut controversial businesses including its tax planning arm and agricultural commodities trading units next month under a major review by new chief executive Antony Jenkins, aimed at improving the [...]