How Brits (and businesses) fell in love with the humble retail park September 20, 2023 On the outskirts of every bustling town and city lies the reliable, yet boring, retail park. But, as dull as they may be, retail parks are having their moment in the sun.
NDT Broadgate: £40m generated for UK economy by ‘revolutionary’ City of London arts project April 19, 2023 A piece of City of London land offered for free to 8,800 independent artists for twelve months has generated £40m in revenue for the UK economy. The NDT Broadgate initiative ran for twelve months in 2021 and 2022, providing rehearsal spaces, writing rooms, co-working areas, recording booths, studios and workshops to the creative community free [...]
75 London Wall: Former City HQ of Deutsche Bank to get roof garden revamp June 10, 2024 A plan to add three storeys and a roof garden to the former London HQ of Deutsche Bank have been given the green light by the council.
British Land scraps dividend and defers £40m in rent March 26, 2020 British Land has suspended its dividend and will defer £40m in rents this quarter and spread repayment in response to the coronavirus outbreak. The firm is deferring March quarter day rents and spreading repayment over the six quarters from September 2020. The financial impact of this is expected to be £40m. The company added it [...]
British Land falls to £1.1bn loss as coronavirus pandemic hits rent payments May 27, 2020 British Land today said its full year results were hit by a slowdown in rent payments in March due to coronavirus and a subsequent fall in the value of its office and retail portfolio. The retail giant posted a loss of £1.1bn in the year to 31 March, with underlying profit for the year falling [...]
London offices: Bigger is better, as construction of smaller spaces in the capital dries up July 17, 2024 For the first time in at least two decades not a single new office scheme smaller than 100,000 square feet began construction in London in the first half of this year, despite demand for larger spaces reaching record highs.
Kingfisher: Former Tesco exec heads for big role at B&Q owner June 17, 2024 A former-Tesco exec is set to join the leadership team at Kingfisher, which owns B&Q and Screwfix, following the resignation of its chief financial officer Bernard Bot.
Demand for sustainable buildings drives office space take-up in London August 2, 2024 Leasing activity increased notably in the second quarter of the year, driven by financial firms and demand for sustainable office space.
Printworks: London has the power to bring us back, says founder May 2, 2023 Printworks, one of London’s most important cultural venues, closed yesterday. Its foundertells Adam Bloodworth his hopes for the future It’s not an exaggeration to say there is nothing like Printworks. For music fans, the venue feels Cathedral-like, with its towering ceilings, but also because of the relationship people have with the building. In the 6,000-capacity [...]
FTSE 100 close: Barclays and NatWest rise on London index as stalling house prices knock builders May 9, 2023 London’s FTSE 100 kick started a fresh week down today, with Britain’s biggest home builders sliding after new figures showed house price growth has stalled. The capital’s premier index nudged 0.18 per cent lower to 7,764.10 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, [...]