A nation of shopkeepers no more?
23 April 2018
There is no denying that there are significant headwinds in the retail and leisure sector; in 2017, 42 large retailers failed and profits at the top 100 restaurant operators fell by 64%. In the first three months of 2018 alone, 10 major retailers or restaurant chains have gone in to administration or entered in to a CVA, and a fifth of listed general retailers have issued profit warnings. The Chief Executive of Next confirmed that their profits are down 8% and went as far as to say that last year was the most difficult they have experienced in the last 25.
Farringdon keeps on track
19 April 2018
Last week’s news about two more substantial office occupier deals in the area are a further boost for the location which continues to power forward in anticipation of the Elizabeth (Crossrail) Line opening at the end of the year.
Agency triumvirate combines to create London flexible office initiative
23 March 2018
Three leading agents across key central London markets have combined to provide a new flexible offices consultancy which will work with both the providers and customers of serviced and co-working space Farebrother, Tuckerman and Union Street Partners – who are respectively the leading office agents in the Midtown, Victoria and South Bank markets – have created the Flexible Office Space platform which will be led by service office expert, Adrian Goldney.
Business Rates: Chancellor fast forwards next Revaluation
20 March 2018
If you are an occupier that pays Business Rates one of the most important aspects of the Chancellor’s Spring Statement is that the next Rating Revaluation has been brought forward by one year to 1st April 2021. To smooth out substantial increases caused by five-yearly Revaluations, they will now take place every three years after 2021.
Bloomsbury rents remain buoyant
7 February 2018
The sustained strength of office rents in London’s Bloomsbury have been underlined by a letting in Great James Street, WC1, at a rent of £55 per sq ft. A medical practice has taken 2,626 sq ft of refurbished space in the Grade II-listed 35 Great James Street.
Farebrother strengthens Investment team
19 January 2018
Leading London Midtown property consultancy, Farebrother, has appointed Anton McGarvey as an Associate in its Investment Team.
Do better roads mean bigger rents?
6 December 2017
How much do infrastructure improvements influence higher property values? It’s a question that London’s South Bank should help to answer during the next few years; Jules Hind, a Farebrother Leasing & Development Partner looks at the connection.
Some good news, some ‘old’ news and a little common sense
5 December 2017
The Chancellor announced a ‘package’ of business rate measures as follows:
London EC1 investment sells at 4.1%
28 November 2017
A freehold office investment at 31-32 Ely Place, London EC1 has sold for £6.4m at a yield of 4.1%.
When the beer tap runs dry…
27 October 2017
In the face of the explosion of flexible office supply across London, ‘traditional’ landlords are now considering what their long-term response should be to the phenomenon. Jules Hind, a Farebrother Leasing and Development Partner, comments...