The first tenant at the new Ealingcross office space scheme in London has been signed.
Ealingcross is based at 85 Uxbridge Road, Ealing in west London. It is owned by Neptune Land and Standard Life Investments’ Life Property Fund, represented by Montagu Evans and DTZ. It was completed last autumn, promising to bring West End standards of office space to west London. (more…)
London’s West End has knocked Tokyo off the top of the list to regain the title of the world’s most expensive office space.
DTZ has said stabilising rents and business confidence has pushed the West End back up to the top spot, beating Dubai, Tokyo and Paris. The result comes as part of DTZ’s Global Occupancy Costs Survey and the firm predicts the West End will hold onto this title until at least 2013. The West End was named as the most expensive business district from 2002-2008 when it was pushed down to 5th place as the recession took hold. The pound’s current strength against the dollar is also believed to have had a major impact on the rankings. (more…)