stock_market_changes

REIT Update: Share Prices since Brexit

The major Real Estate Investment Trusts (REITS) have seen their stock prices fall since Brexit. Taking a weighted average by market cap, FTSE 350 REITS have fallen 9.2% from 23rd June 2016 to 9th March 2017. By Comparison, the FTSE 100 and FTSE 250 rose by 15.4% and 9.0% respectively over the same period – while […]

irvine-sellar

The Shard: A Monument to Remember Irvine Sellar

 Irvine Sellar, via the-shard.com Irvine Sellar, one of London’s most notable developers, died on Sunday after a short illness at the age of 82. Raised by a glove shopkeeper in the East End of London before dropping out of school and going on to found fashion and real estate companies including Sellar Property Group. The group […]

one-kingdom-street

5 Of The Largest Commercial Property Sales of The Year So Far

Rathbone Square £435m || 419,700sqft || 4.25% Yield Rathbone Square, via burofour.com The most expensive sale of 2017 so far saw Great Portland Estates sell the freehold of Rathbone Square in Fitzrovia. The mixed-use development, which is due to complete in March this year, was sold to Rathbone Place Jersey Limited – an entity owned by Gesellschaft […]

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London Property Market Highlights 2016

Highest Residential Gross Price 9 Holland Park, W11 3TH £53,489,500 || 12,500sqft || £4279psf The highest gross price of the year was set in January, when Richard Branson’s old house at 9 Holland Park was sold for £53,489,500. The Grade II listed building underwent substantial renovations during the tenure of the previous owners, which was overseen […]

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Ukrainian born billionaire looks to control rental expenses by buying up W8 block

Ukrainian born billionaire looks to control rental expenses by buying up W8 block Len Blavatnik, the billionaire investor who pocketed $7 billion from the sale of Russian oil company TNK-BP, has entered advanced negotiations to buy Warner Music Group’s headquarters at 27 Wright’s Lane for around £60 million – just over twice the amount he […]

Eidtion London

ADIA Buys London Edition Hotel

A vehicle ultimately controlled by the Abu Dhabi Investment Authority has purchased The London Edition Hotel located at Berners Street, W1 London, together with The Edition sites in New York and Miami. The deal completed in January this year. The Edition is a joint venture between the Marriot International and Ian Schrager, who founded the […]

Westminster City Council Standing Up to Protect Office Space

Westminster has witnessed a flurry of office to residential development as strong demand for residences in the borough and high end user capital values have provided significant arbitrage opportunities to developers. The local authority, which governs the area from Knightsbridge to The Strand and from the River Thames upto Kilburn, encompassies super prime residential locations […]

Azerbaijan Sovereign Wealth Fund acquires £177million Office Site in Prime Central London: St James, SW1

The State Oil Fund of Azerbaijan (also known as SOFAZ) has bought 78 St James’s Street, SW1,  for £177.35m from Grundbesitz Europa and open ended real estate fund owned by RREEF Real Estate, the German real estate fund manager.  The property covers 118,596 sq ft  and is Grade 2 Listed. It is currently fully let to a HSBC […]

One of London’s Most Expensive Office Buildings in Receivership.

The Citypoint building at 1 Ropemaker Street, home to the international law firm Simmons and Simmons, has gone into the hands of receivers KPMG, due to increased vacancy.   The building covers 703,382 sq ft and is one of London’s tallest commercial buildings, and at the time of sale in 2007, was the most expensive […]