Archive for November 2010

Developer confidence pushes planning applications to new levels

The number of planning applications submitted in England has increased to its highest level since the recession, according to latest statistics. Over 127,000 planning applications were submitted in the second quarter of 2010, a 7.7% rise on the Q1 figure […]

South London authority pushes for Tube funding

The Northern Line extension from Kennington to Battersea is paramount if the economic regeneration of the Nine Elms area of south London is to be sustained. It is welcome news then that Wandsworth Borough Council is working up bids to […]

West End offices converted to other uses

Recent research has shown that more than 4 million square feet of office space in the West End of London has been converted to other uses this decade. The majority has been converted to residential as demand from high net […]

West End office rents breach £100 per sq ft

Demand for high quality office space in London’s West End is pushing rents up to pre-recession levels, according to today’s Financial Times. A rent of more than £100 per sq ft has been agreed for the top floor of Prupim’s […]

Warner Bros buys MEPC’s Leavesden Park, Watford

Private property company MEPC has sold part of it’s successful Leavesden Park business park near Watford, Hertfordshire to Warner Bros for a price believed to be £22 million. Warner is buying the 500,000 sq ft of sheds it has leased […]

Strong London office market highlighted by Great Portland Estates

The strength of the central London commercial property market was highlighted by Great Portland Estates in it’s latest half-yearly results. Led by the highly regarded Toby Courtauld, GPE posted an 11% rise in it’s net asset value to 314p in […]

Office occupiers staying put

Office occupiers are increasingly looking to stay put and maximise existing space while economic uncertainty remains high. According to the British Institute of Facilities Management‘s workplace survey almost two-thirds (58%) of employers are trying to decrease office space by increasing […]

Local authority pulls out of MIPIM 2011

Nottingham City Council has announced that it will not be attending MIPIM next year due to ‘austerity’ cutbacks.  Quelle surprise. The presence of numerous local authorities at the annual property event in Cannes was always questionable. The need to promote […]

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