Office Property NewsAll the news from the office property market – commercial office buildings, development, deals and investment.
Kier Property and Manchester developer CPT have been selected by Liverpool City Council to deliver its new mixed-use commercial quarter, Pall Mall Exchange.
Average salaries and bonuses have fallen sharply in the past year as the double whammy of a cooling market and the Brexit vote hit home, reveals the annual RICS and Macdonald & Company UK salary survey, shared exclusively with Property Week.
Savills has announced the launch of its new co-working and serviced office space venture Workthere.
Legal & General Investment Management Real Assets (LGIM Real Assets) has sold Virgin Media House in Manchester to Global Mutual for £19.7m.
Serviced office provider Orega has exchanged contracts with British Airways Pension Trustees Limited (BAPTL) to take nearly 18,000 sq ft at 20 Chapel Street in Liverpool.
Standard Life Investments has let the second floor of 100 Cheapside to law firm Goodwin Procter on a 15-year lease, bringing the building to 100% occupation.
Savills IM’s Charities Property Fund (CPF) has acquired the freehold interest in International House, Queen’s Road, Brighton from Aviva for £11.2m, reflecting a net initial yield of 6.11%.
Online travel company Expedia has announced it will lease an extra 138,000 sq ft at its UK office in London’s Angel, as part of its global growth plans.
Snapchat is set to almost triple its current presence in London having agreed terms to occupy 20,000 sq ft of space in Shaftesbury Avenue.
Hermes Investment Management has provided a £29m loan to the joint venture of Thor Equities and Chenavari Investment Managers to fund the acquisition of 147-155 Wardour Street in London.
All the latest moves, appointments and promotions from across the property sector.
These days even die-hard Luddites are shopping on their smartphones. Technology is transforming the way people buy goods and that is transforming the logistics sector.
Southern Railway did not have a great reputation for reliability to begin with, but the long-running dispute with the RMT and ASLEF unions over the roles of conductors and drivers has shredded what little reputation it had.
UK pension funds have always liked putting money into property, but they don’t invest anywhere near as much as you might think.
A move to a new office is a headache for any occupier. But what if that move involves relocating 3,500 staff to a purpose-built office so long it is effectively a 31-storey skyscraper on its side, and helping those staff transition to an activity-based working environment?
What does a landlord want for Christmas? Probably a long-term, profitable tenant. Ask a small business what it wants from Santa and chances are the answer is “a flexible, affordable space that allows me to grow”.