Savills has noted sustained “and possibly increasing” demand for Grade A City of London commercial property from overseas investors, particularly from Asia. It expects this to maintain prime yields for such properties at 5.25% and says they could be ... Read more
New data from Jones Lang LaSalle shows that technology, media and telecoms companies are increasingly thinking about moving or expanding beyond the West End of London, where prime rents have hit £95 per sq ft and supply remains constrained. JLL ... Read more
Cushman & Wakefield says the TMT sector is driving office leasing activity in London’s West End, accounting for more than a third of take-up in the third quarter of this year. Echoing recent research from CBRE, the firm says take-up in Central ... Read more
Activity in the investment market for commercial property in the West End of London was disappointing in September, says Savills, with only 14 new opportunities coming to market. Only two of these were priced at more than £20m, and another four over ... Read more
The vacancy rate for office space in London's West End fell to 5.4% in the latest quarter from 5.9% in the previous three months, says Cluttons – the lowest level since January 2009. In some parts of the West End, such as Soho, the shortage of stock ... Read more
“Investors and agents alike are hoping new sales will spring in March after a very muted start to 2011,” says Savills in its latest research on investment in property in London's West End. It notes that there were only 12 new opportunities marketed ... Read more
Shaftesbury has seen the pace of its acquisition activity speeding up, and today announced a placing of up to 22.7m new shares to take its financial resources for new purchases to around £160m. The company, which specialises in the West End of ... Read more
Savills says rents for available office property in the City of London will “kick up” to £65 per sq ft by 2012, with rents for West End offices set to rise to £111 per sq ft. At its annual client presentation in conjunction with Oriel Securities in ... Read more
Property consultancy H2SO says more than 4m sq ft of office space in the West End of London were converted for other uses between 2001 and 2009. This trend is unlikely to vanish in the medium term, it says, as there are further planning permissions ... Read more
The third quarter of 2010 was the quietest so far this year for West End office property, says GVA Grimley. The firm’s latest research into the occupier market for office space in central London says a total of 707,340 sq ft was let in the West End ... Read more
