South East sets trend - yet again

Article Abstract:

The improvement in the UK economy has lead to an increasing demand for office space in the South East of England, with some 11.84 million sq ft taken up in London during 1996. Rent levels in the South East and London grew by up to 20% in 1996 but this pattern has not been repeated throughout the UK, with some companies reporting that rents in Scotland declined by 1%. The extension to the Manchester Airport in the North of England is likely to increase office demand in the area and some Scottish agents report increased business activity which they predict will improve rent levels by up to 8%.

Nonresidential construction, not elsewhere classified, United Kingdom, Prices and rates, Office leases

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Curzon Street site set for massive German backing

Article Abstract:

Property Holdings is believed to be receiving 56 million pounds sterling from German open-ended fund Commerz Grundbesitz-Investmentgesellschaft for the site at One Curzon Street, London W1. Development Securities expects to complete the development at the end of 1998, giving 30,000 sq ft floorplates. The final value will be around 200 million pounds sterling.

Mergers, acquisitions and divestments, Property Holdings, Commerz Grundbesitz-Investmentgesellschaft

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City Corporation pushes through office schemes

Article Abstract:

Demand for office space among large City of London occupiers is predicted to rise, and this has prompted the Corporation of London to approve schemes amounting to almost 800,000 sq ft. These include Baltic Exchange, which will become a 340,000 sq ft office building, and a new European headquarters for Daiwan Europe, totalling 357,115 sq ft.

Design and construction

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