Despite claims that commercial property investors are turning away from the capital in favour of regional cities such as Manchester and Birmingham, construction on two large-scale London office developments is to begin later this year – demonstrating developers’ confidence in the capital.
Provision, an ITV Studio subsidiary, is set to open an office in London in addition to its existing spaces in Leeds and Manchester. The office will be located at the ITV Television Centre where staff can service existing ITV productions from the same building.
South Bank commercial property to be developed into mixed use space. Canary Wharf and Qatari joint venture purchase former Shell International offices. In a joint venture the Canary Wharf Group and Qatari Diar have acquired the 5.25 acre Shell Centre on London’s South Bank. Interestingly, the construction sector has been watching the development of the [...]
Shell agree deal for £300 million redevelopment of Shell Centre on South Bank. Canary Wharf Group and Qatari Diar to redevelop building, while Shell staff temporarily relocate to Canary Wharf and The Strand. Oil conglomerate Shell have this week confirmed that their landmark Shell Centre on the South Bank will undergo a £300 million redevelopment [...]
Office space take up in the City of London doubles. Statistics show that take up of office space in the City of London has doubled. Recent research from property experts CB Richard Ellis shows that office space take up in Central London doubled during May 2011. Statistically this means there a was a 24% increase [...]
The London King’s Reach Tower has been bought by Saudi firm Jadwa Investment and European investor CIT for £60 million. The companies are planning to spend an additional £500 million on investing in the UK property sector in the future.
Petrol company Shell is moving offices to a 187, 000 square foot space in Canary Wharf to allow for redevelopment of its current site. Just under half of the staff based at the Shell Centre on the South Bank will move to the new premises at 40 Bank Street, leaving 1700 staff remaining in the [...]
Lemon Studios, owner of serviced office space in Clerkenwell, is joining forces with two parties in an attempt to promote its offices abroad. Government department UK Trade and Investment, which focuses on exports and international trade, and Match Office, a European serviced office specialist, will draw in businesses requiring a UK office base.
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