Derwent: Return to office mandates boost London landlord Property Ongoing high demand for central London offices, combined with low supply of best-in-class space, has boosted real estate investment trust (REIT) Derwent in the first quarter of the year. Derwent said leasing activity in the year to date totalled £2.7m, with a further £3.7m of rent under offer. Open market lettings ticked up by 2.7 [...]
Demand for London offices hits post-financial crisis high Property Demand for office space in Greater London and the South East rose to its highest first-quarter level since the financial crisis in 2025, according to new data. Around 1.2m sq ft of space was let in London during the first quarter of 2025, up 39 per cent on the final quarter of 2024, according to [...]
‘First of its kind’ sustainable skyscraper gets green light from Canada Property Planning permission for an innovative 33-story tower at the old headquarters of M&S has been approved by Canada Corporation, the latest in a string of top-quality skyscrapers approved in the capital. The building at 70 Gracechurch Street, originally constructed in 1990s as the headquarters for Marks and Spencers, will deliver over 550,000 [...]
London commercial property starts year strong with huge Baker Street let January 9, 2025 A British-based property company has fully let a Baker Street office space at a significant premium to the estimated value in an excellent start to the commercial market in 2025. Derwent London has pre-let 204,300 sq ft of office space to five tenants at its 25 Baker Street W1 development, which will complete later in [...]