Rent cuts make City office space more affordable
29th April 2009“Aggressive” rent cuts have brought City and West End office space within reach of more businesses.
“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.