Farebrother Office & Retail Transactions - November 2013
13 December 2013
November 2013 Office and Retail Deals Address: Lower Ground Floor, Chancery House, Chancery Lane, London, WC1 Type: Office Size: 7,308 sq ft Rent: £7.52 per sq ft / £55,000 pa Term: To 25th January 2021 Grade: Secondhand Grade B Lessee’s Agent: Farebrother +44 20 7405 4545 (Malcolm Brackley) Lessor’s Agent: Cushman & Wakefield Lessor: Monster.com Tenant: The Honourable Society of Lincoln’s Inn Completion Date: 29/11/2013 Address: 1st, 2nd & 3rd Floors, 1 Mercer Street, London, WC2 Type: Office Size: 2,770 sq ft Rent: £50.00 per sq ft / £138,500 pa Term: 10 years Grade: New Lessee’s Agent: Farebrother +44 20 7405 4545 (Rob Rooney) Lessor’s Agent: CBRE Lessor’s Agent: H2SO Lessor: Longmartin Properties Ltd c/o Shaftesbury Plc Tenant: Bambridge Tax Consultancy Ltd Completion Date: 28/11/2013 Address: 167 Fleet Street, London, EC4 Type: Office Size: 2,597 sq ft Rent: £42.50 per sq ft / £100,335 pa Term: 10 years Grade: Refurbished Lessor’s Agent: Farebrother +44 20 7405 4545 (Iain Malcolm) Lessee’s Agent: Gale Priggen Lessor: Canta Rana Ltd Tenant: Ferguson Maidment Completion Date: 31/11/2013
Refurbish or rebuild?
29 November 2013
The current economic and legislative environment inLondon means that building investors and developers face a serious challenge to balance commercial viability, energy performance and sustainability.
London Midtown United 2013
27 November 2013
Leaders from each of London Midtown’s economic and community partnerships joined local authority leaders and over 350 business executives at the Midtown Business Club’s fourth Annual Dinner on Tuesday 26th November 2013, pledging to join forces to improve, promote and generate new investment into the area, raising £8,000 for Help for Heroes in the process.
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
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