Managed office space specialist Avanta has broken all company viewing records this week.The sales team received 300 enquiries in one week and booked 84 new client viewings in business centres across the UK.
Avanta staff break previous weekly viewing records
Derwent London buys Central Cross development after three years of purchasing inactivity
The Central Cross development at Tottenham Court Road and 1-2 Stephen Street has been bought by real estate investor Derwent London for £146 million. This is its first deal since 2007 after the blow suffered by the commercial property market as a result of the economic downturn.
The extra 23,300 square metres of space has risen the firm’s holdings, in the West End districts to the north of Oxford Street and close to Fitzrovia, to 1.5 million square feet. (more…)
Softcat opens office in Moorgate and begins recruitment drive
Supplier of IT solutions Softcat will open a new office in Moorgate to draw in talented graduates.
About a hundred people will be recruited in the coming three years in sales, account management and support roles. (more…)
Pinnacle set to secure £600 million of financing through HSBC
The Pinnacle skyscraper development in Bishopsgate is on the brink of securing a £600 million finance deal with HSBC.
Arab Investments, the development manager of the space owned by a Middle-Eastern consortium, is currently in talks with the banking giant.
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London office space investment transactions illustrate the continuing appeal of the capital
The attraction of London office space has drawn in a number of overseas developers in the last three weeks totalling over £2 billion of investment in the capital.
Office rents have risen by 12 per cent over the previous quarter due to a lack of suitable construction projects and the resulting customer bidding war. (more…)
Middlesex hospital site to be developed by Aviva Investors and Exemplar Properties
A £750 million commercial development on the former site of Middlesex hospital is to be developed by Aviva Investors and Exemplar Properties.
The firms will be collaborating with the committee managing the assets of Kaupthing Bank, which own the site. (more…)
Keep your office neat and clean to create a pleasant working atmosphere
Keeping an office space clean is a vital aspect that can affect the mood and efficiency levels of a workforce. An organised space with neat lines and uncluttered desks can promote uncluttered, streamlined thought processes.
Hiring a cleaning service is an clever option because it produces excellent results despite the extra cost to your firm. (more…)
West End office space rents rise for first time in three years
West End office rents have risen for the first time in three years, according to research by Jones Lang LaSalle (JLL).
Rental rates increased to £85 per square foot in the second quarter, up from £75 per square foot in the first quarter. The real estate firm expects rents to hit £87.50 per square foot by the end of 2010. (more…)
Charles Darwin House renovated to meet green standards
A 1950s London office space in WC1 has achieved an excellent BREEAM rating – a UK measure of a building’s environmentally friendly facilities.
Charles Darwin House met the green standards after a refurbishment effort by office design specialist Morgan Lovell.
Toilet and sink facilities in the building have been adapted to use less water and car parking has been replaced with a covered bike rack area.
JP Morgan may abandon plans for London headquarters in Canary Wharf due to British banking regulations
Doubts have been cast over the future of the London headquarters of financial services firm JP Morgan, which is currently under construction in Canary Wharf.
The company has raised concerns over the economic climate of the capital and the lack of government support for the financial industry. According to The Telegraph, the firm is reviewing it’s plans and is close to cancelling it’s London office project. (more…)