Market Update Q4 2016

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Welcome to the fourth and final update of 2016, 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 offices, annual review and planning consent.

 

Q4 MARKET SUMMARY

In Q4 the Government announced the 3rd Runway at Heathrow and Zak Goldsmith lost his Richmond seat in what he had hoped would be a protest against that decision, but instead appeared to be a protest against Brexit. Access to Heathrow is often cited as a factor for companies relocating to west London and in particular Hammersmith is popular with airlines.

This quarter both airlines Cathay Pacific and Egypt Air relocated their offices in Hammersmith but the largest letting locally was…DOWNLOAD TO READ IN FULL

 

HEADLINES
16 THE VALE – Planning

Amplio Developments has been granted planning permission by the London Borough of Ealing for the conversion and extension of Newman Hire’s former warehouse on the border of Shepherds Bush and Acton. The scheme will provide 39 flats (13 affordable) and 11,500 sq ft of commercial space in a scheme totalling …DOWNLOAD TO READ IN FULL

NOTTING DALE & NOTING DALE – Office Planning Consent

In the same planning committee this quarter RBK&C granted two substantial office consents. One was the redesign, refurbishment and improvement of the Notting Hill Estate by architects Squires for Frogmore and the other was for the construction of a new office building at 134-136 Bramley Road in Notting Dale, W10 designed by architects, Stiff + Trevillion…DOWNLOAD TO READ IN FULL

ANNUAL REVIEW

Office lettings and transactions
The year began strongly with double the take-up of Q4 2015 in Q1 as a raft of supply reached practical completion and was speedily let. 33,500 sq ft was let at newly refurbished Aircraft Factory in Cambridge Grove Hammersmith and…DOWNLOAD TO READ IN FULL

 

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