Posts tagged UK economy
In a week when Mervyn King, the Governor of the Bank of England forecasts slower UK growth and higher inflation, Office rents on one of London’s most famous streets, Savile Row are set to break through £100 per sq.ft once again.
US Hedge Fund York Capital Management are reported to have paid £97.50 per sq ft for offices at 23 Savile Row.
The wags delighting in pointing out that equates to almost twice the price per sq ft of a suit from a respectable tailor on the famous street. More >
The stunning bride, the beautiful dress etc. But also the effects of the wedding. The millions of people that lined the streets in London from all over the world to catch a glimpse of the future Duchess of Cambridge and of the then newlyweds after the ceremony. Up and down the country there were street parties very reminiscent of days gone by. There was a chance to meet the neighbours which happens so seldomly now and to enjoy the camaraderie. It was a beacon of hope in a sad world where there is so much poverty, war and conflict going on every day. It gave a breather from worrying about your job and about how to pay the bills.
NAI Global, the world’s premier managed network of commercial real estate firms and one of the largest real estate services providers worldwide, announced today it is expanding its coverage in the U.K. with the signing of Haywards LLP. The firm will now operate as NAI Haywards. Established in 1992, Haywards LLP is a specialist in corporate real estate solutions and workplace consultancy, and provides a broad range of property services from strategy to ongoing management. It serves clients across the U.K. and Europe from its offices in London and the Thames Valley.
Nick Cook, Founder and Managing Partner of Haywards LLP, continues as Managing Partner of NAI Haywards, with Paul Danks, More >
As we all know times have been tough and brokerage companies around the world have made cuts in staff, salaries and closed offices as circumstances have dictated. As far as investment transactions were concerned, the brokers interviewed by Property EU stated that €52 billion of investment transactions was generated – a 38% decline from the previous year. The previous year saw a decline of 60%. CBRE noted a decline of 5% year on year with Catella and Colliers – 82% and 78% respectively. More >
“Today is the day that Britain steps back from the brink” so said Britain’s Chancellor George Osborne yesterday as he presented the Coalition Governments plans to eliminate the £109 billion structural deficit during the lifetime of this Parliament. More >