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 […]

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 […]

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 […]

Disadvantages To Open Plan Offices And How To Get Around Them

As previously discussed, open plan office are very much in vogue. They allow freer flows of information and create a more egalitarian workplace, both of which are important factors in a horizontal company structure. Unfortunately, after a little bit of time in a free range office, you may come to appreciate the focus and quiet […]

Disadvantages To Open Plan Offices And How To Get Around Them

As previously discussed, open plan office are very much in vogue. They allow freer flows of information and create a more egalitarian workplace, both of which are important factors in a horizontal company structure. Unfortunately, after a little bit of time in a free range office, you may come to appreciate the focus and quiet […]

Speculative London Office Development Restarts

Rockspring Property Investment Managers potentially will be developing a new 80,000 square foot office scheme in Uxbridge in west London. Rockspring Hanover Property Unit Trust acquired the site, previously owned by Schroders, in Highbridge Park for roughly £5 million. The development will be comprised of Grade A office space looking over the Grand Union Canal. […]

Office Fit Out: Open Plan Vs Sectioned Off Space

If a wall falls in an office, and no one is hurt by the ensuing chaos, does it really fall? I felt that was required. Open plan offices are all the rage these days. As companies flatten their structure and push for more departmental integration and synergy they find a greater need to open their […]

The Levytator: A New Approach To The Escalator

Professor Jack Levy of City University, London has come up with a new approach to the modern escalator, creating a model of moving stairs that can be adjusted to almost any pattern. The design, called the Levytator (say it out loud), replaces the common straight line loop structure for a more versatile design of “a […]

Deloitte Moves HQ To London

Big Four accounting firm Deloitte announced that it would be moving its Swiss headquarters to London. This may have plenty to do with tax implications, but is also a huge vote of confidence in the London economy and service sector. The move also strikes me as ironic. I know that Deloitte isn’t a banking institution […]