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FORE Partnerships plans for a £90m London office approved

FORE Partnership is planning to go ahead with its development for a brand new London office, after receiving planning permission approval from Southwark Council this month. The company acquired the building in July 2018 for £51m. FORE Partnership intends to expand on the existing 68,090 sq ft space to turn into 110,000 sq ft of

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Rent increase expected due to commerical property demand in London

It is anticipated that rents for commercial office space in London will increase over then next year, due to demand in the capital.   More demand for office space in London Office space in London is growing in demand, according to data collected by JLL. They have calculated that commercial leasing activity in the City

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Over a thousand EU financial firms to open UK offices post Brexit

According to recent research conducted by regulatory consultancy Bovill, it is estimated that more than 1,000 banks, payment companies, and insurers from the EU will be opening offices in the UK after Brexit.   Demand for office space provides hope after Brexit This demand for office space in London and elsewhere in the UK brings

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Sharp increase in take up of central London office space

The take up of Central London office space in the last quarter of 2019 rose considerably, as data for Q4 has now revealed.   Office space take-up rose beyond 10-year average The commercial property sector in the capital experienced a strong Q4, with take-up in Central London above the 10-year quarterly average. Overall, office space

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Planning permission agreed on 13-storey London offices

New 13-storey office buildings in the capital It has been announced that planning permission has been granted for new riverside offices on London’s South Bank. This new development will be called EG: HQ. How big will these offices be? These offices will become part of the Embassy Gardens development in the capital, and will provide

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Spanish retail billionaire close to agreeing on £600m London deal

Spanish billionaire closing in on £600m office deal Amancio Ortego, who is the founder of Inditex, the retailer behind brands including Zara and Massimo Dutto, is close to acquiring London’s Post Building. It is expected that a formal announcement will be confirmed soon about the transaction, which was purchased through Pontegadea. This is Ortega’s real

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The co-working space rival to WeWork, RocketSpace, to close in UK

RocketSpace to close UK operation It has just been announced that the shared office rival to WeWork, a San Francisco -based company called RocketSpace, will shut down in London. When will RocketSpace close down? The flexible office space in London firm has announced it will close in April. However, it has already started the process

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Estate agency Countrywide to sell commercial property unit

Countrywide will be selling commercial property agency It has been announced that the estate agency group Countrywide will be giving up its commercial property agency Lambert Smith Hampton.   Why is Countrywide selling the commercial property business? The sale will help to reduce the agency’s net debt by over £34.4 million, with hopes that this

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