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Three bid for the Olympic Broadcast Centre in East London

Filed under: News — Tags: East London office space, iCITY, London Olympics office space, Olympic Broadcast Centre, Oxylane Group, UK Fashion Hub — Beth Hepple @ 10:44 am

The short-list for the Olympic Broadcast Centre has revealed three bidders.

The list comes after the OPLC revealed that six out of eight venues have secured post-game tenants creating 410 apprenticeships and 254 full-time jobs.

Three potential tenants have been short-listed to become long-term tenants in the Olympic Press and Broadcast centre once the summer games have finished.

Oxylane Group, UK Fashion Hub and iCITY all want to take the available space and were chosen due to their commitment in creating training and employment opportunities in the area. (more…)

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Canary Wharf Group take on office development at Wood Wharf

Filed under: News — Tags: Ballymore, British Waterways, Canary Wharf Group, Docklands office space, London office space, Office space in Canary Wharf — Beth Hepple @ 10:39 am

Canary Wharf Group bought out its partners for the Wood Wharf development.

The group now have sole control of the project which is located adjacent to Canary Wharf.

Canary Wharf Group has bought out its partners in regard to the Wood Wharf development which is set to be adjacent to Canary Wharf.

Originally the group controlled 25% of the development but now have sole control after buying out former partners British Waterways for their half and Ballymore for their 25% of the scheme. (more…)

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Balfour Beatty set to finish a City office development

Filed under: News — Tags: AXA Real Estate, Balfour Beatty construction, City of London office space, Grade A office space, Sixty London — Beth Hepple @ 9:19 am

Balfour Beatty are set to complete the final stages of a London office development.

The AXA Real Estate development Sixty London is set to be completed by 2013.

AXA Real Estate Investment Managers have appointed contractor’s Balfour Beatty to complete the office development, Sixty London.

Completion of the project will mean that the city will gain 215,000 sq ft of grade A office space in the summer of 2013 as well as 20,000 sq ft of retail and restaurant space on the ground floor of the building. (more…)

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Construction of a Shoreditch skyscraper has been delayed

Filed under: News — Tags: CMS Cameron McKenna, Hammerson, London office space, office space development stalled, office space in Shoreditch, Shoreditch office development delayed — Beth Hepple @ 9:06 am

The Principal Place development has been delayed after CMS Cameron McKenna pull out.

The law firm have said that financial uncertainty is the reason behind their decision to reconsider.

The construction of an office tower block in Shoreditch has been stalled after the development’s main potential tenant bowed out, citing financial uncertainty.

CMS Cameron McKenna is said to have pulled out of talks to pre-let 200,000 sq ft of the tower which was set to be developed in April by Anglo-French designer Hammerson. (more…)

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Central London offices saw a boost in comparison to the rest of the UK in December

Filed under: News — Tags: CBRE, Central London office space, London office space, office space in the West End, office space take-up, ten year average office space take-up — Beth Hepple @ 12:09 pm

Central London offices see a boost in take-up for Q4.

The West End in particular has seen a boost in investment.

Office space take-up in Central London is said to have reached a preliminary total of 3m sq ft in the final quarter of 2011, up an impressive 12% on the previous year.

Q4 was the best performing part of the year being the only time that the amount of take-up exceeded the ten year quarterly average of 2.9m sq ft, however based on a year-on-year basis take-up was 4.6m sq ft lower than last year and 1.6m sq ft lower than the ten year average. (more…)

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i2 Office further expand into the City

Filed under: News — Tags: 40 Gracechurch Street, arab investments ltd, EC3, i2 Office Gracechurch Street, i2 office serviced office space, London office space, office space in London's Square Mile — Beth Hepple @ 9:50 am

i2 Office further establish themselves in Central London by managing space in EC3.

The London Square Mile project will be serviced office space providers third to manage in the City.

Serviced office providers i2 Office have announced that they will be further expanding into the City of London with their latest office development.

This will be the company’s third business centre in the area, having already seeing successes at 200 Aldersgate and Marylebone. (more…)

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Imperial College London plan to take former BBC site

Filed under: News — Tags: Aukett Fitzroy Robinson, BBC sell Woodlands site to Imperial College London, former BBC site, Imperial College London office space, Office space in West London, PLP Architecture — Beth Hepple @ 10:03 am

The university have submitted planning permission to construct mixed-use space at a former BBC site.

Plans include a hotel and residential area as well as office space in the West London development.

Plans have been submitted by Imperial College London to take up office space in West London that was formerly used by the BBC.

The university hope to transform the site in White City into a mixed-use development including office space and health and biomedical research facilities. (more…)

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Telefónica Digital lease London office space

Filed under: News — Tags: AirW1 development, Central West End office space, London office space, Quadrant 3 development, Regent Street office space, Telefónica Digital, The Crown Estate — Beth Hepple @ 9:53 am

Telefónica Digital take up office space in the AirW1 development.

The plush Regent Street office space will also welcome Halfords Media and long-term sustainable investment firm Generation Investment Management.

A telecommunications operator is set to lease London office space at the AirW1 development.

Telefónica Digital are set to take up space in Regent Street of 51, 000 sq ft taking the fourth and fifth floors, with the space set to be the base for the company’s global headquarters. (more…)

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London office market set for slow 2012

Filed under: News — Tags: London office space, office space in London, The City office space, West End office space — Damian Taylor @ 9:00 am

London commercial properties face uncertain growth during 2012.

A leading commercial property consultant has warned that London faces slow growth during 2012 with office space markets not expected to pick up until next year.

London’s commercial office market should brace itself for slow growth during 2012 and may not see a large increase in growth until 2013 as firms look to spend money on their existing offices.

A report by Jones Lang LaSalle states that rather than businesses moving into new commercial properties around the capital, they will instead reinvest money into upgrading their present offices.

(more…)

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London offices could face 2012 difficulty as leases expire

Filed under: News — Tags: Central London office space, difficulty due to lease expiration in 2012, Jones Lang LaSalle, office space in the City, office space in the West End, strong rents expected to increase — Beth Hepple @ 12:00 pm

Lease expiration and clause breakage may lead to office space difficulty this year.

Companies are expected to relocate and downsize whilst rents are expected to have a strong value.

Many companies will have the option of downsizing the amount of office space that they lease in 2012 as many of their leases expire.

According to predictions by Jones Lang LaSalle (JLL), there is 6.2m sq ft of office space in Central London that is set to expire or experience a break clause this year as companies seek more cost effective ways of meeting their property needs. (more…)

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