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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

Cuts Needed to Government Red Tape

  A recent report from the Public Accounts Committee has slammed the government for being too slow in making vacant properties available to small businesses and has said that they should “get on with selling buildings, rather than holding on in the hope of a future rise in property prices”. The Estates Gazette reported recently […]

Ground Rents – An Increasingly Popular Investment

  The Estates Gazette recently published an article by John Churchouse which considered the value of ground rents as investments. We have summarised some of the main points below. What are Ground Rents? A ground rent is the ownership of an interest under which a leaseholder pays a regular amount of rent. The rent arises […]

LandSec Change their Tune from Office to Residential.

Following a number of recent moves by Land Sec to convert more of its central London portfolio into flats, the UK’s largest commercial property company has turned its back on its original redevelopment scheme for their Victoria landmark Portland House SW1.  Land Sec is now planning to convert Portland House, one of its best known […]