HSBC Mulls Whether To Retain Canary Wharf HQ
UNITED KINGDOM – In a memo, HSBC announced that it will conduct a review of whether to retain its global headquarters within the Canary Wharf financial district in London, reported Reuters on Thursday evening (29...
Investors Become More Pessimistic Over UK Commercial Property
UNITED KINGDOM – While data from CoStar showed that investment in the country’s commercial property sector surged to £60 billion in 2021 from £40 billion in the prior year, real estate investors have turned cautious...
Landsec Sells 21 Moorfields Office Tower To Lendlease For £809mil
UNITED KINGDOM – Land Securities Group (Landsec) has signed a deal to sell 21 Moorfields, an under-construction office project in London, to an investment vehicle overseen by Lendlease for £809 million (S$1.27 billion), according to...
Landsec’s Central London Portfolio Sees Higher Occupancy
UNITED KINGDOM – Land Securities Group (Landsec), a major commercial property landlord in London, stated that its Central London portfolio witnessed better office occupancy and higher rent collection, according to a press release published on...
London Prime Grade A Office Rents Poised To Hit Record Highs
UNITED KINGDOM – Despite the shift to hybrid work arrangements, Savills expects rents of prime Grade A office space in the City of London to reach record highs this year, reported The Standard on Thursday...
