On Thursday 30th July, we held our ‘Central London Offices – a Flight to Prime’ webinar.
In this webinar we looked at some of the key transactions, investor sentiment, where demand is coming from, and a leasing market update. Allsop has marketed several key developments during lockdown and shared some of our experiences and observations.
- Q2 investment transactions 10% of long term Central London average
- MUC lifted and transaction rate picking up rapidly
- UK Funds, Overseas European and Far East returning
- Leasing take up 30% of long term central London average
- Rents are softening as expected but vacancy levels low
- Yields and capital values holding firm
- London remains attractive from a global perspective
- A flight to prime but more so a flight to London
Host: Edward Dunningham
Commercial Managing Partner / Commercial Valuation
Edward leads the commercial valuation team and has over 25 years experience in carrying out valuations. Has advised most of the UK banks involved in lending to the commercial property sector.
Partner | London West End Investment & Development
Nick has 25 years’ experience in London’s West End commercial property market. He specialises in West End investment and development, UK Funds sales and advises several Private Overseas clients on their commercial portfolios. Nick also leads our alliance with Millennium Group in Asia.
Partner | London City Investment & Development
James has over 20 years’ experience in London’s City commercial property market. James has acted on significant high profile sales for UK institutions, REIT’s, high net worth investors and property companies. He advises on significant development sites in the City and City Fringes specialising in mixed-use schemes from initial planning through to the letting strategy and sale.
Associate | London City Investment & Development
Marsha joined the City Investment and Development team at Allsop in September 2013. She forms an integral part of the Development Consultancy team and has considerable experience in dealing with City investment and development transactions. Her experience ensures that she is equipped to deal with all stages of a project from team assembly, through design, advising on the structure of Option Agreements and Joint Ventures and eventual sale of projects.
Partner | London City Office Agency
James has been a Partner in the City Office Agency team since 2005 and specialises in development and leasing, working with both Landlords and Tenants. He has provided strategic advice on UK property issues to a number of major corporates, and now concentrates on the London City Market, Midtown, Southbank and Canary Wharf.