JLL cans dividend as profit slumps but predicts turnover boost Property Profit has been slashed at the UK arm of global real estate services giant JLL as “increased market uncertainty” hit its earnings. The London-headquartered division has reported a pre-tax profit of £21.9m for 2023, down from the £60.9m it achieved in 2022. Newly-filed accounts with Companies House also show that its turnover reduced from £460m [...]
City’s office market returned to pre-Covid levels in 2023 Property According to research firm JLL, £6.3bn was invested in London in the first half of 2024, 13 per cent ahead of the same period last year, but still comfortably below the 10-year average. However, the City itself appears particularly attractive for investment, with leasing volumes increasing year-on-year, helping activity return to pre-Covid levels in 2023. [...]
Crown Estate to stage £430m transformation in London’s West End Property The Crown Estate will redevelop £430m worth of real estate in London's West End in an effort to stimulate the capital's post-pandemic renewal.