Second class Waterloo in need of an upgrade

18 November 2013

While it has been a bumper year for the South Bank, with record levels of office space Take-up and Investment, the recent High Court ruling of a judicial review for Elizabeth House, 39 York Road and the impending public inquiry into the proposed redevelopment of the Shell Centre, 2 York Road, just serve to highlight the continued stalled progress in Waterloo, one of the most important sub markets in the South Bank.

Farebrother Office Transactions - October 2013

11 November 2013

October 2013 Office Deals Address: 2nd & 3rd Floors, The Harlequin Building, 65 Southwark Street, London, SE1 Type: Office Size: 14,591 sq ft Rent: £41.00 per sq ft / £598,231 pa Term:10 years Grade: New Lessor’s Agent: Farebrother +44 20 7405 4545 (Paddy Phillips) Lessor’s Agent: Jones Lang LaSalle Lessee’s Agent: DeVono Lessor: Rockspring UK Value Southwark Street (Jersey) Ltd Tenant: Zoopla Completion Date: 31.10.2013

Ian Marsh

23 October 2013

It is with great regret and sadness we have to report the death of our respected colleague and friend, Ian Marsh, who died on the morning of Saturday 19 October 2013, following a short illness.

Record Q3 office Take-up in South Bank more than doubles Take-up in the first half of 2013

10 October 2013

Record Take-up of office space in Q3 more than doubles first half of 2013

Farebrother Office & Retail Transactions - September 2013

7 October 2013

September 2013 Office and Retail Deals Address: 29 Ludgate Hill, London, EC4 Type: Office Size: 17,006 sq ft Rent: £38.00 per sq ft / £646,228 pa Term: 10 years Grade: Refurbished Lessee’s Agent: Farebrother +44 20 7405 4545 (Iain Malcolm) Lessee’s Agent: MCS LTd Lessor’s Agent: BNP Paribas Lessor’s Agent: Deloitte Lessor: Threadneedle Tenant: Euromoney Institutional Investor PLC and Tipall Ltd Completion Date: 24/09/2013

Midtown delivers as London’s top-performing Office Investment market

27 September 2013

Midtown has overtaken The West End as the best performing London office market during the first half of 2013, according to The IPD Farebrother London Midtown Investment Report H1 2013. Over the first six months of the year, London Midtown Offices posted a total return of 5.9% h/h compared to 3.9% h/h for the same period in 2012, eclipsing returns in the West End (5.4%) and The City (4.3%).

Farebrother Office Transactions - August 2013

10 September 2013

August 2013 Office and Retail Deals Address: Part 6th Floor, MidCity Place, London, WC1 Type: Office Size: 19,792 sq ft Term: 13 years Grade: Secondhand Grade A Lessor’s Agent: Farebrother +44 20 7405 4545 (Julian Hind) Lessor’s Agent: Jones Lang LaSalle Lessor: MidCity Place Investments Ltd Tenant: West field Shopping Towns Ltd Completion Date: 15.08.2013

Farebrother Office Transactions - June and July 2013

29 August 2013

June & July 2013 Office Deals Address: 4th & 5th Floors, 1 Kingsway, London, WC2 Type: Office Size: 27,042 sq ft Term: 15 years Grade: New Lessor’s Agent: Farebrother +44 20 7405 4545 (Charlie Thompson) Lessor’s Agent: Jones Lang LaSalle Lessee’s Agent: DTZ Lessor: UK & European Investment Ltd Tenant: Quilter Cheviot Ltd Completion Date: 24.07.2013

Big names set to drive further growth in the South Bank Office market

9 July 2013

Office Take-up on London’s Southbank continues to grow reaching 237,200 sq ft in Q2, the highest total for six years. In addition, big name corporates are in negotiation on over 750,000 sq ft of space, suggesting Take-up will rise further in Q3 and Q4.

Midtown’s restricted office Supply is forcing requirements away

8 July 2013

The welcome return of a pre-let as well as a letting during construction of the whole of two large Midtown schemes in Q2 highlight the market’s restricted office Supply but it is its inability to sign-up smaller requirements to rare New or Refurbished floors and buildings that remains the real choke point according to Farebrother’s latest research.

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