Market Update Q2 2017

Welcome to the second update of 2017, giving you an up-to-date view of the office, investment & development market west of the West End. Included in this issue: office supply, current rents, notable office sales and office take-up by sector.

MARKET SUMMARY

In Q2 ITV took 30,000 sq ft of offices at the former BBC building, Westworks at White City Place W12. The deal will see the Jonathan Ross Show and daytime ITV programmes made in the adjoining BBC studios. Also in White City a US Life Sciences firm, Mapi, and Central Working, a workplace provider, took 18,000 sq ft each at Imperial’s Translation & Innovation Hub (I-Hub) W12. A further 18,000 sq ft was also let by Frost Meadowcroft’s client, Publicis, in the Pembroke Building, Kensington Village W14. The space which was let to a charity. Perform Group, a sports content business who took 25,000 sq ft at U&I’s 12 Hammersmith Grove W6 and 45,000 sq ft has been pre-let to British software company Finastra at 4 Kingdom Street W2 in the Paddington Basin…

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Q2 HEADLINES

Technology Companies Dominate Take-Up

Frost Meadowcroft have researched the London Borough of Hammersmith & Fulham office take-up over the last year and a half …

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NOTABLE SALES:

Kensington Square W8

A 2.7 acre Theology & Philosophy college site in Kensington has sold for…

Centre House, White City W12

Berkeley St James has bought land adjoining its existing substantial Berkeley St James White City residential site in Wood Lane from Imperial London.

One Queen Caroline Street W6

An affiliate of Tilad, a Gulf-based multi-family office, has acquired its first UK

16 The Vale W3

Frost Meadowcroft’s client, Amplio Developments has sold the 35,000 sq ft Art Deco warehouse in Acton to a…

 

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THE GRENFELL TOWER TRAGEDY at Latimer Road W11
MUST CHANGE BUILDING AND FIRE REGULATIONS

The inferno at Grenfell Tower was the worst loss of life from fire since World War II. Tragically at least 80 people died although the police do not expect to be able to have an accurate final death toll until 2018. A major change to the way buildings are built and managed must now occur…

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