US real estate investor/developer Hines launched its new West End office building One Grafton Street today with a quoting rent of £97.50 a sq ft, a record for Mayfair in this part of the property cycle. The 26,702 sq ft office-led development comprises six floors of top spec offices with Read More
German fund manager Deka has placed a part let office building under offer to Danmerc, an overseas buyer for £42 million. The deal highlights once again the strong appetite for West End investments, where rents are predicted to rise significantly on the back of buoyant demand and short supply.
MEPC has secured a double office letting at its Chineham Park in Basingstoke, once again proving that the business park reigns supreme in the north Hampshire town. IT company Micro P has taken 17,500 sq ft on the scheme’s Elmwood complex while Sanden International is moving from the next door Read More
One of Croydon’s largest office occupiers is considering a move. Nestle, which employs almost 1000 staff, feels its St Georges House office block has outlived its usefulness. Previously the food giant was keen to stay in the borough but there is increasing speculation that is moving to east London.
Exemplar Properties is to partner Rio Tinto in redeveloping the mining giant’s former HQ in central London’s St James’s Square. Run by the dynamic duo of Clive Bush and Dan van Gelder, Exemplar plans to create a high quality residential and office building that will hit the market at just Read More
Bray Fox Smith has been appointed to market the Gainsborough office building at Houghton Hall Office Park in Dunstable. The building offers potential occupiers the last available chance to become part of the successful 35 acre business park, joining other companies such as Whitbread & Gemini Consultants. More details on Read More
It may only be early September but the portents for the next few months look promising for the M4 office market. After a quiet summer period three important announcements have set a positive tone for the sector – a letting confirmed, a spec start, and a major step forward at Read More