London hotel market recovery set to continue despite Omicron setbacks Dec 22, 2021 For the first time since the start of the pandemic, the performance of London’s hotels was more encouraging than regional hotels across the UK, according to research from Knight Frank, the leading independent global property consultancy. The recovery of the London hotel sector steadily continued throughout October with occupancy rising 2.6% to 48.2%. Knight Frank […] Posted by: Mya Driver Read more
London Launches £3 Billion Housing Framework Tender to Boost Construction Sector Feb 21, 2024 London’s Haringey Borough Council has initiated the tender process for a groundbreaking £3 billion public sector housing framework, aimed at fostering new build and retrofit projects across London and the Home Counties. This ambitious move is designed to revitalize the lineup of construction firms, providing opportunities for both established companies and SMEs to contribute to […] Posted by: Mya Driver Read more
London office requirements hit 10-year high with 80% of companies seeking to upsize Feb 1, 2024 London office requirements have hit the highest level for 10 years with companies on the hunt for close to 12 million sq ft of new office space, according to Knight Frank. This figure represents a 34% increase compared to last year, with 80% of these firms intending to upsize, or match their office footprint in […] Posted by: Mya Driver Read more
London Set for Major Role in £700 Million South Bank Redevelopment Following Green Light Feb 28, 2024 Communities Secretary Michael Gove has approved the £700 million redevelopment plan for the former ITV studios on London’s South Bank, paving the way for a major transformation by CO-RE and Mitsubishi Estate. The project, envisaged by architecture firm Make, will replace the iconic 24-story London Television Centre at 72 Upper Ground with two new office […] Posted by: Mya Driver Read more
London Square Secures Woolwich Site for Major Housing Development Jun 26, 2024 London Square has completed the purchase of a 4.5-acre site in Woolwich, south-east London, where it plans to construct a substantial housing development featuring over 700 homes. The acquisition, part of phases three and four of Woolwich Central, was previously held by Meyer Homes. The planned development includes a 15-storey building and has already received […] Posted by: David Gilbank Read more
London’s BT Tower to Transform into a Premier Hotel in £275 Million Deal with MCR Hotels Feb 21, 2024 London’s iconic BT Tower is poised for a remarkable transformation into a leading hotel, following a £275 million acquisition by MCR Hotels, a prominent US hotel developer. This development marks a historic shift for the Grade II listed structure, which has played a central role in the UK’s telecommunications history since its inauguration in 1965. […] Posted by: Mya Driver Read more
London’s Prime Property Market Sees a Resurgence with £22m Sale to Far East Buyer Aug 29, 2023 A recent sale of a London flat for a staggering £21.95 million to a buyer from the Far East has marked a notable shift in the capital’s luxury property market. This sale, of a residence overlooking Green Park, is significant as it’s one of the rare central London properties to have sold for over £5,000 […] Posted by: Mya Driver Read more
London’s empty homes could be worth £20bn May 31, 2023 The Mayor of London, Sadiq Khan, and Westminster City Council are today calling for stronger powers to crack down on empty homes, as shocking new analysis by City Hall reveals an estimated £20bn worth of property is sitting vacant across the capital. The Mayor is calling it a scandal that there are an estimated 30,000 […] Posted by: Mya Driver Read more
LondonMetric acquires 6 London logistics assets in £27m deal Apr 25, 2022 LondonMetric Property Plc (“LondonMetric”) announces the acquisition of six London urban logistics warehouses in separate transactions for a total investment of £26.7 million, reflecting an anticipated blended initial yield of 4.3% and a reversionary yield of more than 4.5%. Three properties in Colliers Wood, Stratford and Stockwell have been acquired with vacant possession and will […] Posted by: Mya Driver Read more
LondonMetric JV acquires a NNN retail asset in South East London for £38 million Dec 15, 2022 LondonMetric Property Plc has acquired a NNN retail asset from an open ended property fund for £38.0 million through one of its joint ventures (LondonMetric share: £19.0 million). This reflects an initial yield on cost to LondonMetric of 5.4%, rising to 5.7% upon completion of short term asset management initiatives. The 68,000 sq ft property is located on […] Posted by: Mya Driver Read more
LondonMetric Property sells £24.5 million of assets Nov 2, 2023 LondonMetric Property Plc announces the sale of four offices and two long income assets in separate transactions, for £24.5 million. Four non-core assets have been sold from the recently acquired CT Property Trust (“CTPT”) portfolio for £15.3 million, comprising three regional offices and a car showroom in Newbury. The buildings have a WAULT of six […] Posted by: Mya Driver Read more
Long Harbour acquires London residential scheme for £22m Jul 11, 2022 Capital & Regional, the UK convenience and community focused shopping centre REIT, announces that it has completed the sale of the residential development project at its 17&Central community shopping centre in Walthamstow, London, to specialist residential developer Long Harbour for c.£21.65 million. The development is in line with the Company’s strategy of seeking ways to […] Posted by: Mya Driver Read more
