Industry News  |  May 2008

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Developer, Borzou Shirazi, has bought a block on Kensington High Street for £50 million.The block at 116-130 currently contains 28 flats, which Mr Birazi hopes to convert to 16 luxury apartments, ...
Shirazi buys £50m Kensington block
Consumers are expecting a recession, a new survey of public opinion has revealed.The study by GfK/NOP suggests faith in the economy has fallen to levels not seen since a previous economic low in 1990. ...
Consumers expect a recession
The British office is increasingly adopting a smart casual dress code, new research has found.A study by development consultancy, The Aziz Corporation, has revealed only one in four employees is now r ...
Offices in London 'going casual'
A panel of leading experts has agreed there will be no further interest rate cut on June 5th.The Bank of England's monetary policy committee is expected to leave rates at five per cent.Howard Archer, ...
Experts agree: No rate cut
The Crown Estate has let 23,000 sq ft of commercial property in London to Harvard Office Business Centres, Property Week has reported.The building at One Heddon Street will be run by Harvard as part o ...
Crown Estates lets One Heddon Street
Emerging commercial property markets are feeling the effects of the global credit crunch, a new survey has showed.The Royal Institution of Chartered Surveyors (Rics) has revealed investors are backing ...
Emerging commercial property markets feel the crunch
Commercial property defaults are expected to rise in the next 12 months, according to a new survey.The poll by Investec revealed, of the 86 per cent of property professionals who said defaults will in ...
Commercial property defaults expected to rise
The recently proposed national database could force UK companies to move abroad, the Foundation for Information Policy Research has said.Ross Anderson, chair of the foundation, explained its introduct ...
National database could force companies abroad
HSBC has installed solar panels on the roof of its landmark tower in Canary Wharf, it has been reported.The bank now claims to be the tallest HQ in Europe to adopt the alternative energy source, which ...
HSBC's commercial property gets sun roof
Commercial property values may now have reached their lowest point, according to market professionals.Quotes carried in the Financial Times Advisor have suggested an increased optimism in the market, ...
Commercial property at
FOOTER
Part of Cresa Group
CRESA
Patron members of
London Chamber of Commerce and Industry
Regulated by RICS
Royal Institution of Chartered Surveyors