The LondonOffices.com Blog features news, views and insight into the vibrant office market that exists here in Central London. In addition to reporting on activity from the London Office Market, our Blog also features business and general interest items on life here in the UK Capital city. You can choose to explore our archive, or view our most recent posts below.
Commercial property consultancy Jones Lang LaSalle has reported that the demand for office space here in the Capital is the highest since 2009. Linked to a rise in client demand and a dwindling level of supply, the report shows a 12% rise in the number of firms registering interest in securing office space across Central London – bringing the total active requirements to over 12m sq. ft. (more...)
New research shows foreign investors snapped up the majority of London office space last year.
There is a lack of supply of serviced office space in London.
Lease expiration and clause breakage may lead to office space difficulty this year.
Trinova Estate acquired the property at 155 Fenchurch Street on behalf of a client.
Increase in overseas investors for London office space.
London sees and increase in office demand.
Real estate investment managers, LaSalle Investment Management, a subsidiary of Jones Lang LaSalle, recently announced the property purchase of 100 Middlesex Street, E1, in a deal costing approximately £26.5 million.
In a deal in conjunction with Generation Estates, LaSalle purchased the property from Blackstone on behalf of a pension fund client with a net initial yield of 5.5%. LaSalle were advised by Savills and Blackstone were advised by GM Real Estate.
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In a deal costing approximately £91.55 million, the Catalyst European Property Fund has purchased a number of London properties, including a Stratford shopping centre and a 113,000 sq ft office building.
With these purchases, the Catalyst European Property Fund aims to strengthen its portfolio of London commercial property, as well as exploring further opportunities for effective development in the area.
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