“Aggressive” rent cuts have brought City and West End office space within reach of more businesses.
Glasgow-based Capella group has unveiled plans for the £90m development that will include two blocks of prime office space and a conference centre, as well as a six-storey hotel and health club.
A deal representing 50% of the City of London office space taken up this year has been struck by British Land with The Bank of Tokyo-Mitsubishi UFJ Ltd and Mitsubishi UFJ Securities International PLC.
Manchester’s historic 53 King Street office space, home of Lloyds TSB, has been sold for £6m to the new investment team of Infinity’s property fund and Vision Developments.
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