Real IS acquires 80,000 sq ft of office space
31st August 2010Asset manager Real IS has completed a deal to buy 80,000 sq ft of London office space.
Asset manager Real IS has completed a deal to buy 80,000 sq ft of London office space.
The owners of Tower 42, which encompasses 342,000 sq ft of office space, have taken the building off the market.
Office space rental values will soar in months to come, it has been predicted, amid a supply shortfall for premium offices.
UBS is going ahead with a new £600 million office development in the City, after negotiating a deal with Blackstone Group and British Land.
LateRooms.com is moving to larger premises in Manchester, as the online hotel booking site’s business continues to expand.
JP Morgan could be about to move out of its UK offices, amid concerns that London has been supplanted as a key financial hub.
Hays has signed up to lease 7,500sq ft office space in Cardiff’s Callaghan Square development.
Office giant British Land is seeking fresh investment opportunities in the West End.
Cuts to the civil service could impact heavily on office rents, it has been claimed.
Land Securities is selling its under-construction Park House office development in London’s Oxford Street to Barwa Real Estate.
© 2005-2010 Official Space Ltd