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.
European Medicines Agency (EMA) has announced that it is to lease new office space in Canary Wharf, London. The medical firm will move into office space within a 20-storey tower owned by property specialists Canary Wharf Group. The property is still in development and is not yet ready for tenants. This arrangement is one of the largest leasing deals in recent times for the Canary Wharf area. EMA are to lease 250,000 square feet of office space in the office tower, which is almost half the available space. The commercial property is to be located at 25 Churchill place and still has office space available for leasing. EMA have leased space within the building on a long term 25 year lease for £56.60 a square foot. Construction on the office building is expected to begin later this year. The entire development is expected to be complete by 2015, which is also the date that EMA has set to move in. (more...)
Jones Lang LaSalle show that overseas investors have increased the amount of money they spend on London office space. Statistics show that buyers from overseas have increased their spend by 25% in H1 this year. Overall overseas buyers have invested in around £3.1 billion worth of office space in Central London during H1. This subsequently accounts for 57% of the complete office investment volumes in London itself. According to Jones Lang LaSalle this also represents a 25% increase on the figures seen in the first six months of last year. (more...)