The latest London Office Marketplace News http://www.devono.com/ 2010-03-21T00:00:00Z The first tenants have been signed at Ealingcross, the new office scheme at Uxbridge Road in Ealing. A2 Dominion, a housing association, have signed a 10-year lease for the 17,200 square foot first floor of the Grade A London office space, at a cost of £29 per square foot. The joint Standard Life Investments and Neptune development was compl... http://www.devono.com/News/Ealingcross-signs-first-tenants/19035234/ 2010-03-10 16:03:52 London office space was the capital’s best performing commercial property class in February, a new report shows. Overall, Central London office space returned a yield of 2.6 percent, whilst capital values rose 2.1 percent. Across the sector as a whole, the picture was more mixed. Despite the fact that commercial property capital values rose ... http://www.devono.com/News/London-office-space-tops-value-chart/19035233/ 2010-03-08 16:03:50 Sky News have become the newest residents of 30 St Mary Axe, moving both their offices and studios to the 'Gherkin', in the City of London. Jeff Randall is broadcasting his famous 7.30pm business show from the 15th floor of the London landmark. The panoramic views are ideal for live broadcasts, as the backdrop includes St. Paul’s Cathedral an... http://www.devono.com/News/Sky-News-move-into-Gherkin/19035232/ 2010-03-06 15:03:16 Rockspring Property Investment Managers have recently spent £70 million on three new properties for their UK value fund. As well as deals in Aberdeen and Tyne, it has completed the sale and leaseback of a London office space development on 65 Southwark Street. The scheme formerly belonged to Deutche Bank. The £8.6 million London deal s... http://www.devono.com/News/Rockspring's-spree-on-UK-property-/19035228/ 2010-02-25 09:02:57 The Lebanese group M1 Real Estate has purchased a 300,000 square foot property in Bloomsbury Square, from the Ireland-based Moritz Group. The £175 million acquisition is the largest deal relating to office space in the West End for over two years. Victoria House consists of prime London office space, as well as retail and leisure areas. It w... http://www.devono.com/News/M1-buys-Art-Deco-offices/19035224/ 2010-02-15 08:02:45 Macquarie has agreed to lease a significant proportion of British Land’s Ropemaker Place development in London. The Australian bank will be taking on 217,000 square feet of office space and will eventually move its entire UK workforce of around 1,000 into the building. The details of the agreement were not made public. For Macquarie, the mov... http://www.devono.com/News/Macquarie-leases-200,000-square-feet-/19035222/ 2010-02-12 17:02:00 The last two quarters of 2009 saw levels of rental activity in the financial services sector unprecedented since the top of the last economic cycle. Banks and other financial companies took up 1.43 million square feet of office space in London’s Square Mile. By Q2 of 2009, more than 8.5 million square feet of this core London office space st... http://www.devono.com/News/Financial-services-in-record-rentals/19035223/ 2010-02-10 18:02:14 London’s commercial property market looks set to experience a new influx of Chinese money in 2010, as investors consider the value of office space in the capital. In fact, some analysts are suggesting that Chinese investors represent the biggest financial opportunity for this sector of the market. Business now seems to be picking up, driven ... http://www.devono.com/News/China-strengthens-London-presence/19035221/ 2010-02-07 16:02:32 British Land, the UK’s second largest REIT, has just released its third-quarter figures, posting a profit of £623 million. The company’s share price was up 2.7 percent to 450p with the news. In the same period a year earlier, the company made a loss of £1.59 billion. British Land owns more than 6 million square feet of offi... http://www.devono.com/News/British-Land-sees-a-profit/19035220/ 2010-02-05 16:02:47 London looks set to be the most attractive European location for investors in commercial property to concentrate their funds over the coming year, research has determined. A survey of more than 600 major organisations and individuals – including property developers, investors and bankers – suggested that the UK capital held the best pr... http://www.devono.com/News/London:-top-for-commercial-property/19035219/ 2010-02-03 13:02:52