Hundreds of industry leaders address city’s housing crisis at London stadium November 16, 2023 THE South East Consortium (SEC) annual conference unfolded at the Queen Elizabeth Olympic Park, to discuss the need for urban renewal. This location set the stage for a gathering of over 600 industry leaders, addressing the city’s housing crisis.Amidst this striking backdrop, Catalina Valentino and Joseph Michael Daniels, hosts of the Generationally Yours podcast, emerged [...]
GPE: West End landlord upgrades forecasts as workers return to central London November 16, 2023 Great Portland Estates, the London-listed landlord said it had signed 37 new leases and renewals in the six months to 30 September, as workers returned to the office. The West End-focused landlord said market lettings were on average 13.4 per ahead of March 2023’s estimated rental value (ERV) with an annual rent role of £11.2m. [...]
Why is London’s rental market so crap? November 15, 2023 London’s renting nightmare is not showing any signs of abating. Rents in London jumped at their fastest rate since 2006 in October, rising 6.8 per cent year-on-year up from 6.2 per cent the prior month, according to the latest figures from the Office for National Statistics. The price of a bedroom in a home in [...]
Lloyd’s of London on edge of ‘long-term’ deal to stay in HQ until 2041 November 15, 2023 Lloyd's of London is edging on a deal to remain in its One Lime Street headquarters for 10 years longer than its original lease agreement.
London rents see biggest jump on record amid landlord exodus November 15, 2023 Private rental prices in London saw their biggest jump since 2006 in October, rising 6.8 per cent year-on-year up from 6.2 per cent the prior month, according to the latest reading from the ONS. The figure is significantly less than the amount forked out by tenants across the rest of the UK. Rents across the [...]
House prices to face pressure well into 2024 despite positive updates November 14, 2023 Recent data on the UK's housing market has pointed in contradictory directions, but analysts remain confident that house prices will remain subdued well into 2024.
Three more lenders cut mortgage rates as others warned to ‘sharpen pencils or risk losing out’ November 14, 2023 First Direct, Halifax and HSBC UK have all cut their rates, while others have been warned they risk losing out.
Gensler and CBRE to reposition ‘sustainable future’ London office space for 10 Gresham Street November 14, 2023 Gensler and CBRE will work together to create a sustainable high-performance office environment at 10 Gresham Street by the first quarter of 2025.
Landsec pins hopes on market improvement next year as City office values decline November 14, 2023 Landsec has said it expects investment activity in the property sector to pick up next year, although transaction volumes currently remain "thin."
‘Last mile’ logistics and flight to quality gives British Land reason for optimism November 13, 2023 British Land, the developers behind Broadgate Circle, have seen a spike in demand for urban logistics hubs