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Pringle Brandon (now Perkins+Will)

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City refurbishment

City application

Tech scheme for 2018

Spring 2018 completion

Demolition start

City fringe consents

Mixed scheme delay

Enter stage right

Start planned

Strand scheme plan

City consent

Noho application

Noho scheme

Mayfair consent

Demolition to start

Spring 2017 completion

Refurbishment plans

Shoreditch start

Development launched

Summer start?

Noho scheme on course

Demolition starts

New plans unveiled

West End scheme scheduled

Refurbishment in WC2

Noho scheme for 2016

City scheme funding

New plans submitted

City scheme start

West End scheme nears completion

Refurbishment plan in EC2

Fund may acquire scheme

Consent for W1 scheme

West End construction start

Consent for Midtown scheme

Chancery Lane start

New scheme for W1

Application in EC4

Midtown consent

Office plan in SE1

Law firm for Soho scheme

EC1 scheme start date

City scheme topped out

Midtown scheme underway

Pre-let in EC4

Epic start

New City application

Epic start planned

Midtown start on site

Holborn start planned

Major Midtown refurbishment

HQ fit-out

Midtown refurbishment

Midtown consent

Shortlist for EC3 scheme

Central London Offices: Onwards and Upwards

City scheme to start

Strip out underway

Refurbishment underway

Site assembly in EC1

Broadgate overflow

Contractor appointment

Phase 4 on site

Demolition starts

Tower contractor

Refurbishment start in EC3

Planning consent

Refurbishment in EC2

West end start

EC3 construction to start

Victoria consent

Refurbishment in EC3

Demolition start in EC2

Demolition in EC3

City consent

Revised consent in EC2

Construction start in EC4

City office scheme plan

Speculative start possible

Mayfair start

Refurbishment starts

Refurbishment planned

City refurbishment tipped for early start

Refurbishment planned

Southbank development start

City refurbishment

HQ refurbishment?

Refurbishment change

Fitzrovia scheme start

Construction start in St James'

City refurbishment

Eagle House update

Soho refurbishment

Swan Lane progress

Refurbishment in EC4

Midtown application

West End refurbishment

First letting for City scheme

Victoria office plan

Soho start

London lettings March 2015

Central London office lettings rose in March 2015 to just over 1.25m sq ft sq ft of transactions in 75 deals during the month.

The month was characterised by a return of the large deals, with the 260,000 sq ft pre-let to Deloitte at New Street Square, EC4, the 61,000 sq ft letting to Investec at 30 Gresham Street, EC2 and the 52,000 sq ft letting to Deutsche Bank at the Willis Building, EC3. Other large lettings included deals to Tag Worldwide, Instant Offices and Expedia.

Professional services and financial sectors topped the table of lettings by sector, helped by the Deloitte and Investec deals, followed by computer/IT and business services. The financial sector has the largest share of the 3m sq ft of space currently under offer which is likely to convert into deals in the months ahead. There has also been a noticeable surge in new requirements being launched in the London market.

By area, the City accounted for over half the deals (43) and 51pc of the floorspace let in the month, while Docklands saw nearly 100,000 sq ft let in just three deals to financial companies.

The volume of grade A (newly built or refurbished office space) let during the month increased to over 460,000 sq ft as transactions for newly developed or refurbished space rose again.

Metropolis is preparing a spring 2015 report on office space just completed and under construction in London based on its extensive database of planned office schemes. - (22-04-2015)

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London: 30 new office schemes in Q1

London Springs Forward

The first quarter of 2011 marked the beginning of a new cycle in London’s office construction. Since January 2011, Cityoffices research has revealed that 30 new office schemes have seen starts on demolition and construction work. Schemes such as Africa House, Howick Place, Grosvenor Hill, and 20 Fenchurch Street (full list at cityoffices.net) are just some of those now underway. When completed, these schemes will add over 5.5m sq ft to London’s available office space.

These 30 schemes appear to be speculative as none of the developers has yet announced a pre-let; although 30,000 sq ft is rumoured to be under offer at Waterhouse Square.

It is possible that the start on the two towers; 20 Fenchurch Street, by Land Securities, and the Leadenhall Building, by British Land, both in EC3, may have prompted other developers to get schemes underway and completed before the two towers are on-stream in 2014.

Almost half the new developments underway are refurbishments. Many of these refurbishments do not require planning permission and are being bought forward quickly for the period 2011 to 2014 to meet a perceived short-term ‘gap’ in office supply.



These refurbishments include the upgrading of former premises of large companies which have recently moved into new developments. Examples include the former Cancer UK HQ at 40 Kingsway, WC2, and the former DEFRA building in Page Street, SW1.

Our research shows that a further tranche of construction should be underway in the second quarter of 2011, with a number of developers now appointing construction teams and initiating archaeological digs in advance of spring/summer starts. CityOffices is now monitoring over 100 office schemes in central London that could start this year. - (12-04-2011)

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Office Futures: London, Paris, Frankfurt

London looks set to trounce Paris (and Frankfurt) in terms of office development activity over the next three years, which is bound to rekindle old rivalries. Hopefully this ‘win’ will be repeated in this weeks England v France game, and the findings set the scene for a lively MIPIM property event in Cannes.

London and Paris have both seen a substantial contraction in the levels of office development over the last two-years and an upsurge in office take-up in 2010, which has eaten into available space.

London is heading for a sharp revival in office completions from 2012 onwards, while the Paris market appears to be looking at a slower recovery at the moment. In Frankfurt, like most other European cities, office completions peaked in 2010 and a continued slowing over the next two years is anticipated.

This London revival is in contrast to the start of the last property cycle, which saw major office developments in Paris kick-off at least nine-month before London. This time around London is ahead, and at least eight major office schemes are expected to start construction by spring 2011.

Any reports of new office construction in central Paris are sparse at present, although office shortages will develop and lead to an increase in development activity, particularly refurbishment. In Frankfurt there is an oversupply of new office space and the high proportion of vacant (and unlettable) older space means refurbishment, rather than new build, is likely in the short-term.

Looking ahead, we foresee that the development cycle in London will prove to be about 12 months ahead of Paris, with construction activity rising sharply in London in 2011, followed by the start of an upswing in Paris in 2012.

The predicted levels of office development activity to 2013 are however, still relatively low, and likely to produce a severe demand and supply imbalance (for quality space) in both London and Paris. It is expected that development activity will continue to increase to meet demand, with the peak of the next development boom being 2014-2015.






- (22-02-2011)

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Glasnost - Online Project, Contact & Image Management

Revamp for Odeon site

Irish developer Steamboat Developments has applied for planning permission to redevelop the Odeon Cinema in Leicester Square. The company intends to turn the site into a new leisure complex, whilst still retaining the giant cinema. Part of the scheme will include the addition of a four-star hotel and 1,860 sq m (20,000 sq ft) of offices. Work may begin during spring 2007. - (24-08-2006)

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Spring start for Winchmore House

British Steel Pension Fund is planning a refurbishment of the 7,897 sq m (85,000 sq ft) Winchmore House on Fetter Lane in EC4. The fund has vacant possession of the building and the refurbishment could start in spring 2005 for completion in early 2006. - (23-02-2005)

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M&S unveils Baker Street design

Marks & Spencer, the retailer, has submitted detailed plans for an eight-storey 71,070 sq m (765,000 sq ft) on the 0.8ha (2-acre) site of the firm’s present headquarters at Michael House in Baker Street, London W1. The building, designed by Kohn Pedersen Fox (KPF), will include 60,386 sq m (650,000 sq ft) of offices, 4,366 sq m (47,000 sq ft) of shops and a health club and 32 residential units. Marks & Spencer will seek a developer to undertake the scheme, which could be carried out as two building phases. Marks & Spencer is anticipating a planning consent in spring 2004 and the building will cost around £125m. Jones Lang LaSalle is the development advisor. - (06-09-2003)

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Regent Street permission

The Crown Estate has gained planning permission for its redevelopment plans at 229-247 Regent Street, London W1. The development will provide 10,683 sq m (115,000 sq ft) of offices above 5,388 sq m (58,000 sq ft) of retail and leisure space in three units. The scheme will also include 10 apartments. The development manager for the £200m scheme is Stanhope and the scheme is expected to start on-site in early 2003 for completion in spring 2005. The Crown Estate has also submitted planning applications for three other blocks at 185-191 Regent Street, 132-154 Regent Street and 13-17 New Burlington Place. CB Hillier Parker is advising the Crown Estate. - (10-11-2002)

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CSFB takes pre-let at Canary Wharf

Credit Suisse First Boston has agreed Heads of Terms to lease a further 46,451 sq m (500,000 sq ft) of office space at 5 Canada Square (site DS1) Canary Wharf, London E14. DS1 is currently under construction and the architect of the 14-storey tower is Skidmore Owings & Merrill (SOM). The new office space is due to be due for occupation in spring 2002. The leasing of building will mean that CSFB has 1.8m sq ft at Canary Wharf in seven buildings. In 1999 Bovis Interiors carried out the fitting out work for CSFB at its Columbus Courtyard office. Once CSFB has signed a binding agreement on the Canada Square building the pre-let will prompt the speculative construction of HQ3, a 32-storey tower, designed by Cesar Pelli, that will provide 55,741 sq m (600,000 sq ft) of office space. - (09-11-2000)

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