High occupancy reflects London hotel market’s ‘remarkable resilience’, Newmark reports
London’s 82% average hotel occupancy rate in 2024 was back to pre-pandemic levels. The post High occupancy reflects London hotel market’s ‘remarkable resilience’, Newmark reports appeared first on Property Week.
Helical sells 100 New Bridge Street City office development for £333m
Undisclosed buyer is an S&P 500-listed global business that will occupy the scheme when it is completed next year. The post Helical sells 100 New Bridge Street City office development for £333m appeared first on Property Week.
GPE reports strong leasing performance in one of its ‘busiest quarters on record’
The group signed leases spanning 359,800 sq ft in the quarter to 31 March, with market lettings on average 9.9% ahead of March 2024 ERV. The post GPE reports strong leasing performance in one of its ‘busiest quarters on record’ appeared first on Property Week.
Tradition confirms HQ move to Salesforce Tower
The global broker will relocate its London headquarters to 110 Bishopsgate in the City of London, occupying 36,000 sq ft across three floors. The post Tradition confirms HQ move to Salesforce Tower appeared first on Property Week.
Workday signs for Dublin HQ in Europe’s largest office deal since pandemic
The AI platform has confirmed a long-term lease with developers M&G Real Estate and Marlet Property Group to occupy the entirety of College Square’s ‘super-prime’ office space. The post Workday signs for Dublin HQ in Europe’s largest office deal since pandemic appeared first on Property Week.
Avant Homes submits plans for £100m Leeds resi regen scheme
The housebuilder plans to develop 302 energy-efficient homes on the site of the former Burton clothing factory in Burmantofts. The post Avant Homes submits plans for £100m Leeds resi regen scheme appeared first on Property Week.
Commercial real estate to miss MEES targets by a decade
Data from Search Acumen indicates that it will take until at least 2040 for all rented commercial properties in England and Wales to meet the 2030 Minimum Energy Efficiency Standards. The post Commercial real estate to miss MEES targets by a decade appeared first on Property Week.
Europe’s first Universal theme park to be built in Bedford as billion-pound investment confirmed
Government has committed to “a major investment” in infrastructure to help develop the UK’s largest visitor attraction. The post Europe’s first Universal theme park to be built in Bedford as billion-pound investment confirmed appeared first on Property Week.
Kensington and Chelsea seek £360m in damages from Grenfell companies
Council launches legal action against materials manufacturers criticised in last year’s Grenfell Tower Inquiry Phase 2 report. The post Kensington and Chelsea seek £360m in damages from Grenfell companies appeared first on Property Week.
Kennedy Wilson buys east London site for £100m industrial scheme
Site has consent to double current industrial warehousing space to 135,000 sq ft. The post Kennedy Wilson buys east London site for £100m industrial scheme appeared first on Property Week.