Office Property News

All the news from the office property market – commercial office buildings, development, deals and investment.

Norges Crown Estate Oxford Street 636

The Crown Estate delivers 8.1% annual return

27 June 2017

The Crown Estate has delivered a total return of 8.1% in a busy year that saw it complete sales, acquisitions and capital expenditure totalling £1.2bn.

Kings College 11 Lavington Street SE1 Exterior

London college takes 25,300 sq ft of Southbank space

27 June 2017

King’s College London has acquired 25,300 sq ft of offices at 5-11 Lavington Street on the Southbank.

Andrew Jones

LondonMetric sells in Marlow for £68.5m

27 June 2017

LondonMetric has sold its last remaining office asset in Marlow to Kildare Partners for £68.5m, netting an £18m return on its investment in the scheme it bought five years ago.

Athene Place

Commerz Real puts Athene Place on the block for £120m

26 June 2017

Commerz Real, the property fund owned by German finance giant Commerzbank, is set to put Athene Place in London’s Midtown on the market, Property Week can reveal.

Omnicom Bankside

Deutsche AM spends £310m on London's Southbank

26 June 2017

Deutsche Asset Management (Deutsche AM) has bought 2 and 3 Bankside on London’s Southbank on behalf of its German open-ended real estate funds for around £310m with a top up to be determined.

First Base Earlsfield

Green light for First Base co-working hub & homes in Earlsfield

26 June 2017

Mixed-use developer First Base and JV partner Savills IM have received a resolution to grant planning consent from Merton Council for a £70m mixed-use development in Earlsfield.

24 Saville Row Aerlius

Deutsche AM and pbb provide £69m refinancing for Mayfair building

26 June 2017

Deutsche Asset Management (Deutsche AM) and pbb Deutsche Pfandbriefbank (pbb) have provided a £69m facility to Aerium for the refinancing of its mixed-use building on the corner of Conduit Street and Savile Row in London’s Mayfair.

Changing nature of stock

South East office rental growth is set to outperform

25 June 2017

BNP Paribas Real Estate is predicting that average rents will grow faster in the South East office market over the next two years than in both London and the rest of the UK.

3 Shortlands, Hammersmith

Romulus on verge of buying Hammersmith office block

23 June 2017

Romulus Construction is closing in on a deal to buy Hammersmith office building 3 Shortlands for a price in excess of £60m, Property Week understands.

Jamie Hopkins

Workspace completes Salisbury House buy

23 June 2017

Workspace Group has completed the £158.7m acquisition of Salisbury House in the City of London.

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Gary Bucknall

People Moves: Colliers International, Turley, Savills and more

All the latest moves, appointments and promotions from across the property sector.

Office of the future

Innovative thinking required to bring about the smart office buildings of the future

Thinking about what the buildings of the future will look like might seem an overwhelming task to some, while to others it may seem a fruitless endeavour that has little impact on how real estate companies actually operate. In fact, neither view is correct, according to a new report designed to break down innovation in the built environment into manageable, actionable topics.

Anna Rose Milton Keynes Council

People Moves: LSH, Knight Frank, Malcolm Hollis and more

All the latest moves, appointments and promotions from across the property sector.

CHICKENliquor, Brixton

MEATliquor: the burger king

The theft of a burger van may seem an unlikely start to the story of a successful restaurant chain, but then MEATliquor has never done things the conventional way.

Two Southbank Place

Does new directive signal the death of the long lease?

It seems that a week doesn’t go by without another significant announcement involving the serviced office sector.

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