London’s 'Silicon Roundabout' has emerged as the most expensive tech hub in the world, with rents beating those in similar areas in San Francisco, Dublin and Los Angeles.
The average rent per square foot for office space in Shoreditch, considered the heart of London’s technology district, is £70, compared to around £59 in San Francisco’s Mid-Market area and Docklands in Dublin, where Google, Facebook and Twitter have their headquarters.
Property Personnel, which claims to be one of the U.K.'s longest established estate agent recruitment consultancies -- is warning about the extensive impact that the ban on lettings fees in the UK is likely to have, once it comes into effect next year.
The it works is that when a landlord rents a property through a letting agent they are charged a number of fees for their services, however these fees are usually passed onto the tenant.
Three-year tenancies may offer more stability but renters can expect to save only a few pounds a week with a rent cap
Interest rates will rise in the "relatively near term" the Governor of the Bank of England has told the BBC.
In the clearest indication yet that there could be a rate rise as early as November, Mark Carney suggested that it was time for the bank to "ease its foot off the accelerator".
Slimming World has expanded its East Midlands presence after taking a 40,000 sq ft distribution warehouse at Junction 28 of the M1.
The deal was brokered by FHP Property Consultants, which acted on behalf of landlords Legal & General.
International real estate advisor Savills has expanded its Manchester office with the acquisition of a further 2,400sq ft within Belvedere, 12 Booth Street.
The deal takes the firm’s total footprint in the building to 16,400sq ft.
The Qatar-backed owner of London’s Docklands has teamed up with a Hong Kong developer to bid for a “once-in-a-generation” £5.3 billion transformation of Euston, the Standard understands.
Canary Wharf Group has joined up with MTR, the Asian transport and property giant which will operate London’s Crossrail service, to bid for the ambitious project which could take at least 25 years.
The rebuild is unlikely to start until at least 2025.
Gregory Homes, the residential arm of Yorkshire developer Gregory Property Group, has acquired a two acre site in the Nidderdale village of Dacre Banks with plans to deliver a residential scheme as part of a joint venture with Ridgefield Property.
The partnership has secured planning to build 22 two, three and four bedroom houses on the site which was a former filling station on Church Hill, overlooking the River Nidd.
Aprirose, the UK-based real estate investment company, has completed its acquisition of the QHotel business from Bain Capital Credit and Canyon Partners for £525m.
The portfolio includes 26 five and four star regional hotels, with 3,680 beds spread throughout the UK and in major cities including Leeds, Manchester and Glasgow.
Jeremy Corbyn has used his leader’s speech at the end of this week’s Labour conference in Brighton to commit the party to introduce rent controls when it next forms a government.
“We will control rents - when the younger generation’s housing costs are three times more than those of their grandparents, that is not sustainable.
A deal to sell 19.4 acres of land in West Yorkshire for a multi-million pound housing scheme has been agreed.
Acting on behalf of Wakefield Metropolitan District Council, CBRE’s Leeds Residential team has sold the land at Milton Road, Snapethorpe to Keepmoat Homes.
Yorkshire property developer Opus North has recently acquired a trio of assets in a sale and leaseback deal worth £90m with supermarket group Morrisons.
The purchase comprised two major supermarkets and shopping centres in Hunslet and Sheffield, leased to Morrisons, and a further shopping centre in Widnes.
The Glass Works development scheme in Barnsley has received planning permission for the next phase of the 3.8 hectare project – which will see a 13-screen cinema and ten pin bowling alley constructed in town centre.
The £130m development scheme funded by Barnsley Council is set to transform the heart of the town centre.
Trebor Developments has begun work on its new 55,000 sq ft warehouse scheme in Aldridge.
The speculative project, being developed in conjunction Kay Properties, is expected to be ready for occupation next April.
Discount retailer Poundshop.com has put pen to paper on a ten-year agreement for a new distribution facility in the Black Country.
The retailer has taken up the lease on a 21,463 sq ft unit at the Parkway Industrial Estate, Wednesbury after Harris Lamb negotiated the deal.
Residential developers, including those in the senior living sector, are expected to head the list of potential purchasers of an unusual property in Warwick.
The site of King’s High School for Girls in the town will be vacated when the school relocates to a new site in three years’ time.
A Warwickshire-based property investor has acquired a Midlands hotel in a £4.66m deal.
Cordatus Property Trust, which has an office in Stratford-upon-Avon, has acquired the 71-bedroom Travelodge Hotel in Tewkesbury from the trustees of the Alfred Hopkins Pension Fund (c/o LaSalle Investment Management).
Almost half of all big shed industrial-sector real estate activity in the first half of 2017 was centred in the Midlands – with the area’s automotive industry being the main contributor, according to a report by GVA.
More than 5m sq ft of space was taken across the wider region by big shed deals, which is property over 100,000 sq ft. Key deals in the first half of the year included 645,000 sq ft to XPO Logistics in Tamworth and 550,000 sq ft to Jaguar Land Rover at the Tyre Fort in Birmingham.
An 11-storey office building in the heart of Birmingham’s business district has changed hands in a deal understood to be around £19m.
A fund managed by Clearbell Capital has acquired Edmund House on Newhall Street, from a joint venture between Patrizia UK and funds managed by Oaktree Capital Management.
Homeowners who sell draughty homes could be fined, a report has suggested.
Economic consultancy Frontier Economics says the money raised could underpin government funding for insulating the homes of the least wealthy homeowners.
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