Frost Meadowcroft News
The latest Frost Meadowcroft and industry news...
Like Ducks to Water
May 13
John Hunt, Foxton founder and the man behind Ocubis' Fulham Green scheme got into the spirit of spring at a project event last week.
Tom Anderson of Helical Bar Discusses New Offices in West London
November 12
Tom Anderson of Helical Bar Discusses their new, innovative office design in Hammersmith
MacDonald Fashion Move
November 12
Fashion designer and Britain’s Next Top Model judge Julien Macdonald is quitting his Mayfair HQ to move to Notting Hill.
PRINGLE SWINGS OUT OF CHELSEA
October 12
Pringle of Scotland, the knitwear firm famed for it diamond print jumpers popular with golfers, has quite its Chelsea home of 10 years.
Market Update Q3 2012
October 12
Welcome to the third update of 2012, giving you an up-to-date view of the office market west of the West End
RECORD LABELS STUCK ON KENSINGTON
September 12
Much focus has been made recently on the silicon roundabout around Old Street EC2, in terms of the cluster of technology companies in that area, but perhaps one of the most concentrated industries in London are the major record labels.
Market Update Q2 2012
July 12
Welcome to the second update of 2012, giving you an up-to-date view of the office market west of the West End and providing an insight into prevailing trends in this sector.
FM Letting to Universal (publised in Estates Gazette) - Schroders Goes Gaga for Universal
July 12
Universal Music UK, which counts Lady Gaga among its clients, has taken new offices at Schroders’ Kensington Village, W14.
FM Instructed by Rambert (published in Estates Gazette) - RAMBERT LEAPS OUT OF CHISWICK
July 12
Rambert Dance Company has appointed niche agent Frost Meadowcroft to find a tenant for its offices and studios at 94 Chiswick High Road, W4.
London Offices Market Analysis Q1 2012
May 12
Frost Meadowcroft took joint 8th place with 17 disposals in the; Agents Share By Number Of Disposals Done - Q1 2012. Placing FM above Driver Jonas and Deloitte and Cushman & Wakefield. Full details in the downloadable PDF.
JUSTIN CLACK WRITES FOR UMBRELLA MAGAZINE ON FORD DAGENHAM
May 12
Dagenham in east London was once home to the gigantic Ford factory, Europe’s biggest car plant and a place that defined industrial politics in post-war Britain. Yet today, little of it remains. Using both contemporary documents and quotes from friends and family who worked there, Umbrella’s architecture correspondent Justin Clack tells the story of the factory that changed the way we worked and the cars we bought
Market Update Q1
April 12
Welcome to the first update of 2012, giving you an up-to-date view of the office market west of the West End and providing an insight into prevailing trends in this sector.
FROST MEADOWCROFT TOPS MARKET SHARE
April 12
The London “Office Agency League Tables” produced by CoStar Group has ranked Frost Meadowcroft:
No.1 – Agents by Number of Instructions for Q1 2012
No.2 – Agents by Disposals (226,000sq ft) for the 2011 year
No.3 – Agents by Availability (350,000 sq ft) for Q1 2012
London Offices Market Analysis for 2011
March 12
Frost Meadowcroft climbs 7 places in the Central London Letting Agents League Table for 2011. Disposing of 198,186 sq ft in the West End (disposals up by 84,339 sq ft on 2010). This brought Frost Meadowcroft from a rank of 30th in 2010 to 23rd place for for 2011, gaining a 2% market share.
FM also ranked in Agent Share by Number of Disposals for 2011 going in at 22nd place acting on 43 deals in the West End.
Market Update Q4
January 12
Welcome to the last update of 2011, giving you an up-to-date view of the office market west of the West End and providing an insight into prevailing trends in this sector.
Market Update Q4
January 12
Welcome to the last update of 2011, giving you an up-to-date view of the office market west of the West End and providing an insight into prevailing trends in this sector.
Market Update Q3, 2011
October 11
Welcome to the 3rd update of 2011, giving you an up-to-date view of the office market west of the West End and providing an insight into prevailing trends in this sector.
Clarion takes 30,000 sq ft in Ocubis, Fulham Green Development
October 11
Foxtons founder Jon Hunts development company, Ocubis, has agreed to let 30,000 sq ft at the Fulham Green office development in south-west London.
The story of the Westway
August 11
Umbrellas architecture correspondent Justin Clack tells the story of the Westway, the short stretch of elevated motorway over Westbourne and Ladbroke Groves.
Market Update Q2 2011
June 11
Welcome to the 2nd update of 2011, giving you an up-to-date view of the office market west of the West End and providing an insight into prevailing trends in this sector.
EGi London Office Market Analysis: Q1 2011
April 11
Frost Meadowcroft climbs 11 places in the 'Central London Letting Agents League Table Q1 2011.' Disposing of 63,471 sq ft in the West End. This took Frost Meadowcroft from a rank of 25th to 14th place, gaining a 2% market share.
Market Update Q1 2011
March 11
Welcome to the 1st update of 2011, giving you an up-to-date view of the office market west of the West End and providing an insight into prevailing trends in this sector
Justin Clack writes in Richard Branson's new Project Magazine
February 11
Available on Ipad or tablet
ARCHITECTURE - Building a Storm
The five notable architectural endeavours for the next 12 months
EGi London Offices Market Analysis 2010
February 11
Central London Lettings Agents League Table 2010 - Ranking with some the biggest international agencies in the market.
Property Week Deals
February 11
Frost Meadowcroft has six transactions feature in Market Deals February 25 2011
Market Update Q4
January 11
Welcome to the 4th and final update of 2010. Giving you an up-to-date view of the office market west of the West End and providing an insight into prevailing trends in this sector.
Harbert and Canmoor tackle tower
December 10
Harbert and Canmoor have completed their purchase of the BSI Tower in Chiswick, west London, for around £29m, as tipped by Property Week (news, 22.10.10)
Market Update Q3
October 10
Apart from a few notable exceptions the office market for the 3rd quarter of the year has been mostly flat similar to the housing market, along with UK lending, consumer spending and industrial activity.
Manolo Blahnik takes office space in Chelsea
October 10
Footwear designer to the stars Manolo Blahnik has signed up to take a 2,466 sq ft office in Chelsea.
One of the greenest buildings in the capital set to spring up in W6
October 10
A PROPOSED new building near Ravenscourt Park tube station will be one of the most environmentally friendly in the capital.
Staying at the top of the league
October 10
Frost Meadowcroft retains its place in the top 25 Central London Lettings Agents League Table, Q3 2010
Moving in to the top league!
August 10
The industry journal Estates Gazette, has ranked Frost Meadowcroft in the top 25 central London letting agents league table for Q2 of 2010
Market Update Q2
July 10
Welcome to the 2nd update of 2010. Giving you an up-to-date view of the office market west of the West End and providing an insight into prevailing trends in this sector.
Jellycat struts into Shepherds Bush
March 10
Jellycat, the toy company, has taken 5,232 sq ft at Shepherds Building, 1 Rockley, Shepherd’s Bush, west London, from Helical Bar
Frost Meadowcroft relocates Jellycat
March 10
Jellycat, the toy company, has taken 5,232 sq ft at Shepherds Building, 1 Rockley, Shepherd’s Bush, west London, from Helical Bar
Market share increase for Frost Meadowcroft
January 10
Having transacted nearly 160,000 sq ft of office space in 2009, Frost Meadowcroft made second place in the west London market share for the year. Figures from CoStar/Focus Market Research* showed that FM out dealt many of the big names in the industry such as Savills, Knight Frank, DTZ and Strutt & Parker in this west London market.
Two for One Deal!
December 09
Two client's of ours have taken over 20,000 sq ft in the same building.
Espresso Education have signed to take 9,750 sq ft at Hythe House, Shepherds Bush Road Hammersmith.
Westfield office building is let
September 09
Acting for Westfield, Frost Meadowcroft have let Network House, the 20,000 sq ft office building, opposite the BBC to Zodiak Entertainment UK Ltd.
Charity makes Hammersmith news
September 09
Elizabeth Finn Care, advised by Frost Meadowcroft, have just signed up to take 11,500 sq ft in Hythe House, Hammersmith.
NEW - Serviced Offices in London
May 08
Frost Meadowcroft now offer serviced offices to rent in an improved EASY to USE search facility. Choose from literally hundreds of serviced office rentals in all parts of London and the south-east. Photographs and location maps are available for all properties. Prices to suit all budgets. Follow the "Serviced Office Search" link above on the right hand side this web page.
Merger strengthens agency across central and west London
May 08
We are pleased to announce Frost Meadowcroft, has been formed from the merger of niche, west London commercial agents Frost & Partners and Kensington based Meadowcroft.
RATES HIKE ON EMPTY BUILDINGS
April 08
From April this year business rates will be charged at the full rate on all empty buildings costing tenants and landlords an extra £950m a year.
Bob Bradford - Obituary
March 08
Founding partner of Meadowcroft in 1976, Bob Bradford sadly died on the 5th January this year. Bob, aged 56, who was joint partner with Simon Kibble, was diagnosed with pancreatic cancer in December last year only weeks before his death. He was a truly professional and genuinely kind man, loved and respected by all. He will be greatly missed by his colleagues clients and friends, but not least, by his wife and three children.
Simon Kibble is participating in a sponsored cycle & run on 11 May in Goring, Berkshire. Simon is hoping to raise awareness and money for Cancer Reasearch. Donations to this will be gratefully received to aid their good work. Please contact us for information on how to make a donation.
London Office Market Report Q2 2007
October 07
Occupier Market
Reports indicate that occupier activity in the commercial property market moderated a touch during July leading to a slowing in rental growth at the overall level for the first time in three months. The first half of 2007 saw occupier take-up in the second quarter approaching 5 million sq. ft. putting it on a par with the same period in 2004 and substantially better than the intervening years. However rising credit concerns resulting in a surge in financial market volatility could slow the pace of rental growth in the office market.
Investment Property
In the investment market, growth in commercial property values turned negative for retail and industrial properties in July and rose at a lesser pace in the office market. Total monthly returns still remain positive outside the retail sector which saw the first declines recorded since September 1992 at -0.2% for the month. Average yields have moved from around 8% at the end of 2003 to 5% currently, with yields now moving out slightly across the market, particularly on less prime stock.
MICHELIN STAR RESTAURANT INVESTMENT BOUGHT
October 07
A private investor client advised by Meadowcroft has acquired the freehold of the L'Atelier restaurant in Covent Garden from Shaftsbury Estates. L'Atelier is one of the highly acclaimed restaurants of the renowned chef Joel Robuchon holder of six Michelin stars, The 9,000 sq ft building on 5 floors, is situated next door to The Ivy in West Street WC2.
Rents hold in face of Credit Crunch
October 07
Commercial property
Occupier conditions in the commercial property market have yet to show any reaction to events in credit markets. Despite the recent turmoil, office rents saw their biggest monthly pick up in close to a year, up 0.7% in August pushing the annual growth rate to 8.6%. A measured slowdown in retail rents continued at 2.2%, the slowest annual pace since January 2003. In the industrial sector, rents have remained pretty flat despite reports of ongoing strength in the manufacturing sector.
London Office Market Report Q1 2007
May 07
Q1 Highlights include:
Availability in the West End fell below the 3 million sq. ft. mark to 2.9 million sq. ft. in the first quarter.
Since the peak of availability in early 2005, availability in the City has dropped by over 9 million sq. ft.
Current availability in Midtown is a third of the volume seen in 2005.
West London Market update
February 07
The western fringe (W2,W8,W6,W14,SW7 & SW3)has seen take-up declining over the past three years. This is in part to do with a lack of stock and few development opportunities away from Paddington.
Use Class Order - classification
January 07
The new use class order and description of the various categories and permitted changes of use. Printable version also available.
Rental growth in the market
January 07
Commercial Property
Occupier demand for for commercial property rose further in December with rental growth firming to 3.6% up from 2.6% at the start of the year.
Offices in investment market focus
January 07
Investors have focused on the office market over the last 12
months with 45% of new purchases targeting the sector.
Business office demand booms
November 06
*Business property demand up for the fifth consecutive quarter in Q3.
*Boom in occupier demand for offices but retailer demand for shops still weak.
*Investor purchases of commercial property rising firmly with appetite strengthening for retail property.
Market Update Q3 2006
November 06
Rents increased by 3.2% in the year to September, the firmest rise in five years.
Business property demand up at fastest pace in two years
October 06
Demand for industrial property has risen at the fastest pace in two years whilst the retail property market continues to decline, despite its recent improvement in consumer spending, says the RICS commercial property survey.
Walthamstow College sells
September 06
Meadowcroft has sold a 10,000 sq ft D1 educational building in Walthamstow E17 to The Emmanuel Christian Centre. The building was previously occupied by the Waltham Forest Council for an adult education college but will now be used for religious and community activities.
Commercial property opens its doors
May 06
Public interest in commercial property investment has soared in recent years and is expected to increase further according to the RICS' annual commercial property forecast published today, (06 April).
Market Update
February 06
Business demand for property rose mildly in Q4 as office market activity strengthened whilst occupier demand in the industrial and retail sectors remained subdued. A stronger stock-market and continued expansion in the business and financial sectors helped shore up demand for office space, particularly in London.
Market update - Office market shows biggest growth in commercial property
November 05
The office sector continued to witness the strongest rise in activity with the London office market showing the largest gains. Sustained global economic expansion and improved financial and business services activity are supporting the recovery in the London office market.
City move for Diamond
November 05
Diamond Seafoods, a seafood trading company, has taken a floor of 2,250 sq ft in Cannon Street, London EC4.
Aegis sign up on new Victoria HQ
November 05
Aegis Defense Services Ltd have taken a lease of 8,500 sq ft from Bank of America at 39 Victoria Street in London SW1 advised by Meadowcroft.
West End sees office take-up double
October 04
Take-up of office space in the West End was at its highest in four years last quarter, boosted by the Metropolitan Police signing up at Empress State Building SW6.
Office Property Market Commentary Q2 2004 - Reality catching up with sentiment
July 04
Last quarter, sentiment was ahead of reality. Deals were being talked about but not actually happening. The RICS confidence survey stated that enquiry levels in the first quarter of 2004 had "risen at their fastest pace since the stock market high of 2000" - but few had translated into take-up.
Market Commentary - Green shoots for commercial property market
January 04
Demand for commercial property turned positive in the fourth quarter, the first rise for nearly three years. The relatively small increase in new sales/lettings of floor space was mainly attributable to growth in the office market, while growth in retail property activity maintained a weak pace.
Yet more property taxes! - New Lease Duty
November 03
The government, in its desperation to raise further funds to cover its mismanagement of our finances seems to think the further taxation of commercial property and business leases will help ease their problems.
Market Commentary - rate of increase in availabilty of office supply slows
September 03
The supply and demand of office space in Central London saw little change from the first quarter of 2003.
Market Commentary
March 03
Chartered surveyors reported a further drop in business demand for commercial premises in the third quarter of 2002. Falling business investment shows that a sharp brake has been put on company expansion plans, hitting demand for property.
Commercial property - the wasted billions
August 02
Last year the RICS commissioned a report from the economic research agency, Capital Economics to put a figure on the losses incurred by UK business each year through inefficient use of its property assets.
Commercial Property Market commentary
May 02
With increasing stock in the London office market many more opprtunities are available for those companies needing to move at the moment.
London office stock rises to 1997 levels
March 02
Availability of central London office space last quarter rose by 3.1 million sq ft, (up 27%) according to market data compiled by Provision. This followed a similar increase throughout the year.
London Office Markets Bounce Back After 11 September
January 02
LONDON-New research from agents FPDSavills shows that the impact of the 11 September atrocities and the ensuing economic disruption on the central London office markets was not as severe has been feared. In both the City and west End markets take-up increased in the final quarter of 2001.
Small business growth suffers from London office space drought
January 02
Nearly 20% of small and medium-sized enterprises are struggling to find suitable office space, according to the Spacia Small Business Property Monitor 2002.
But on the other hand...
August 01
Latest indicators show that the UK economy is managing to weather the global economic slowdown. Despite sustained stock market weaknesses, consumer confidence in the UK remains strong, underpinned by a robust housing market, tightening labour market conditions and a low interest rate environment.
UK Property Market Overview
August 01
Business demand for UK commercial property declined in the second quarter of 2001, marking the first fall in 2.5 years. For the second quarter, 16% more chartered surveyors registered a fall in new business occupation of commercial property than a rise, compared to 7% more registering a rise in the first quarter.
Market Commentary - Commercial Property Overview
April 01
Chartered Surveyors reported faster growth in occupation of commercial floorspace in the first quarter of 2001. The percentage of surveyors reporting a rise in sales and lettings of commercial property, above those reporting a fall, was 7%, up from 2% in Q4 2000.
UK Property Market Reports
January 01
For the past 15 years the Valuation Office has prepared facts, figures and commentary on UK property trends for Government departments.
New tax concessions for property
January 01
In his Pre-Budget Report, delivered to the House of Commons on 8th November, the Chancellor announced plans for several changes that will, more or less, benefit those in business. Most are expected to come into effect from April 2001.
Take Up Slows Down
November 00
Take-up of commercial property rose further in the third quarter of 2000, though the pace of increase has moderated to its slowest since the end of last year. A slight easing in economic growth has dampened demand conditions but limited availability of commercial floorspace is expected to keep rental growth firm in the fourth quarter.
Mixed Signals...
November 00
Last month, we featured the RICS research for the 3rd quarter of 2000, headed "Take Up Slows Down". Knight Frank have now issued their own summary for the same period claiming no signs of waning demand, continuing shortage of quality offices, and further rental growth across all sub markets.
