Tower 42 off the market as office space rents soar
23rd August 2010The owners of Tower 42, which encompasses 342,000 sq ft of office space, have taken the building off the market.
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.
Office giant British Land is seeking fresh investment opportunities in the West End.
Office space in the Shard will not be taken up by Transport for London (Tfl), it has emerged.
A surge in office lettings in London has seen the occupancy rate for properties owned by British Land rise to over 90 per cent.
City office space rents soared in the last three months of 2009, new figures show.
Some £900 million of high profile London office buildings are up for sale, after owner Simon Halabi defaulted on debt.
Office space totaling some 1,250 sq ft in the so-called Gherkin office building has been leased by Sky TV.
Office space in London is the most-sought after in the world, a new study has shown.
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