UK commercial property « London Offices

London Offices > London Offices News

Hammersmith office development to begin later this year

London office development in Hammersmith is approved.

Office development in Hammersmith gets the go ahead from London Council.

BFLS has had its plans for two office buildings in Hammersmith approved by the London Council.

The development will include the construction of two buildings that will contain office space. Together they will provide 25,000 square feet of office space and span ten and eight stories high respectively. Additionally the scheme will see the creation of several cafés and open public spaces. (more…)

Comments (0)

London office space being considered by Google

Filed under: News — Tags: Google search engine, King's Cross development, London office space, Mipim Property Conference Cannes, UK commercial property, Uk Office Space — Lee Kozlowski @ 3:27 pm

Google could take over new London offices.

The search engine giants are looking at offices in London Victoria.

Google is considering taking over a 700,000 square foot of office space at the brand new King’s Cross development in London. The firm is looking to buy half of the office space for £200 million and then pre-let the other half out at £40 per square foot.

Currently Google already has offices in London Victoria where the company occupies 121,500 square feet of office space across two buildings. The move into even more commercial property in the city would be considered a huge expansion into the UK for the primarily US based company. (more…)

Comments (0)

London recognised as Low Carbon Economic Area

Filed under: News — Tags: carbon footprint, commercial property, development, energy, environment, london, London office space, London offices, sustainabilty, UK commercial property — Krista Harrison @ 12:10 pm

It has been announced that London has been designated as a Low Carbon Economic Area (LCEA).

It received the designation for energy efficient building and is the seventh area to be recognised under the scheme, the government strategy for a low carbon economy. It highlights £90 million of invested funding towards more sustainable building projects that have taken place recently by regional development agencies, rather than bringing new investment from the government. (more…)

Comments (0)

33 Charlotte St acquired by Standard Life

Filed under: News — Tags: commercial property, Jones Lang LaSalle, knight frank, London office space, London offices, UK commercial property, w1 — Krista Harrison @ 12:03 pm

Standard Life Investments have recently announced their latest acquisition, 33 Charlotte Street, London, W1.

They have acquired the property on behalf of Standard Life Investments’ UK Property Fund, for a net figure of £19.10 million. They bought it from Capital & City Plc and the site comprises mainly of offices, as well as three restaurant units and some residential space. Purchase yield was 5.6%. (more…)

Comments (0)

Derwent predicts increase in London office space rents

Filed under: News — Tags: city, derwent, london, London office space, London offices, UK commercial property, West End — Krista Harrison @ 9:00 am

Developer Derwent London Plc has predicted an increase in office space rent prices in central London this year.

They expect the rents to increase throughout 2010 as potential tenants compete for space, which is rapidly dwindling. Chief executive for Derwent, John Burns said “We should see positive rental growth this year,” in a telephone interview with Bloomberg. Derwent recently reported a 20% increase in net income from property, helping reduce the overall losses made by the company this year. (more…)

Comments (0)

Derwent London says business has picked up

Filed under: News — Tags: city, Derwent London, london, London office space, London offices, office space, recession, UK commercial property, West End — Krista Harrison @ 11:12 am

West End and City office space landlord Derwent London has reported a sharp pick-up in business this week.

The firm, who owns office property in the City and West End areas of London, announced a 9.8% rise in the value of its property portfolio over the last half of 2009. The figures partly offset the 12.3% drop in the first half of 2009, which left the portfolio down 3.3% for the whole of 2009. Derwent had previously reported losses of £34.9 million for 2009, which was an improvement on the £606.5 million in 2008. Property values in 2008 had also dropped by 22.1%. (more…)

Comments (0)

Portfolio of London offices for sale

Filed under: News — Tags: CB Richard ellis, CBRE, commercial property, london, London office space, London offices, recession, simon halabi, skyscrapers, UK commercial property — Krista Harrison @ 10:15 am

A portfolio of eight London office buildings is to be put up for sale by CB Richard Ellis Group Inc.

The buildings belong to entrepreneur Simon Halabi, and are being sold to repay investors part of the £1.15 billion in defaulted bonds which back the buildings. (more…)

Comments (0)

Ealingcross signs first tenant

Filed under: News — Tags: commercial property, DTZ, Ealing, Ealingcross, london, London office space, London offices, Montagu Evans, new developments, office space, UK commercial property, West End, west london — Krista Harrison @ 11:09 am

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…)

Comments (0)

Planning submitted for Heron Plaza

Filed under: News — Tags: city, commercial property, heron plaza, london, London office space, London offices, UK commercial property — Krista Harrison @ 9:00 am

Heron International, owned by Gerald Ronson, has submitted the planning permission for the much anticipated Heron Plaza development scheme.

The scheme, worth £500 million will sit in the heart of the City of London, near to Liverpool Street Station. It is the second and final phase of works by the adjacent Heron Tower. (more…)

Comments (1)

Design the London skyline

Filed under: News — Tags: commercial property, Hayes Davidson, london, London office space, London offices, office space, skyscrapers, UK commercial property — Krista Harrison @ 9:00 am

Have you ever wanted to have ago at redesigning the iconic skyline of London? Now’s your chance!

Hayes Davidson, an architecture visualisation and imaging company, have released a fun new tool on their website which allows people to play with the London skyline. (more…)

Comments (0)

Older Posts »