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Lancer Property Management

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London Offices – An Olympic Year?

Southbank re-design

London Office Market – Special Report

Mayfair refurbishment options

Refurbishment starts

Mayfair consent

Mayfair scheme negotiations

110 Fetter Lane last deal

Floor let in new west end scheme

Major Mayfair consent

Delancey plans

Mayfair application

Walbrook Square new deal

Mayfair completion

Delanceys 'Jewel'

Westminster Place plans approved

Mayfair scheme go-ahead

Office consent in W1

Mayfair start

Regent Street scheme underway

2008 completion for W1 scheme

Work starts on Regent Street

Mayfair refurbishment

Rolls and Arnold to start

Consent for West End scheme

Demolition start in W1

Extension plan for Mayfair offices

Joint venture looks for 2006 start

Consent for major SE1 scheme

Regent Street application

Consent for EC4 redevelopment

Offices planned for Regent Street site

Portman Square start date

Portman Square start date

Delancey gets permission.

Delancey draws up shortlist.

Delancey gains consent

ICI to take 20 Manchester Square W1

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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Work starts at Fetter Lane scheme

Construction work is underway at Delancey's speculative redevelopment of Bream’s Buildings and Rolls Buildings in Fetter Lane, London, EC4. 13,527 sq m (145,600 sq ft) on LG,G,1,2,3,4 floors has been pre-let to HM Courts Service, and 9,649 sq m (104,347 sq ft) remains available on 5,6,7,8 floors. The completed scheme will offer separate entrances for HM Courts Service on lower floors and the offices on upper floors. - (22-08-2007)

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Delancey submits York House scheme

Delancey Estates is planning an eleven-storey 23,225 sq m (250,000 sq ft) redevelopment of the 4,645 sq m (50,000 sq ft) York House on Lambeth Palace Road, London, SE1. The developer has recently submitted a planning application to the London Borough of Lambeth. - (24-02-2004)

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Glasnost - Online Project, Contact & Image Management

Delancey change to Bream's Buildings

A planning application has been submitted for revised details to the redevelopment of Bream’s Buildings and Rolls Buildings (Rolls House and Arnold House) in Fetter Lane, London, EC4, and the part retention of the façade of 8 Bream’s Buildings. The application has been made by Delancey Arnold & Co, otherwise Delancey Estates, and the architect is Woods Bagot. The existing buildings provide about 24,481 sq m (263,513 sq ft) of offices and the new proposals are for an eight-storey building providing 34,968 sq m (376,395 sq ft) of offices and 491 sq m (5,285 sq ft) of retail space. The revised proposals include changes to the massing and the appearance of the scheme. - (22-11-2003)

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Benchmark in bouyant mood

Benchmark Group, the property company specialising in the West End office market, is in a positive mood about the prospects for West End offices in 2002 and 2003, and considers that there is a good balance between supply and demand. The firm recently paid £55m to gain management control of 90 Long Acre, London WC2, a 17,837 sq m (192,000 sq ft) building, and is currently refurbishing the fourth floor of 2,043 sq m (22,000 sq ft). Benchmark has said that it intends to bring more space on-stream during the year. - (06-01-2002)

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McGraw Hill to take DS4 at Canary Wharf

McGraw-Hill, the US-based information services provider, has signed a letter of agreement with Canary Wharf Group to take the majority of the 46,450 sq m (500,000 sq ft) DS4 building at Canary Wharf to accommodate the company's rapidly growing financial services and business-information operations. The new building for The McGraw-Hill Companies is designed by Skidmore Owings & Merrill and construction wok will start once formal contracts are signed and will be ready for occupancy in 2003. The McGraw-Hill Companies plan to occupy the majority of the new building with options for expansion over the balance of the space. The new building will have direct access to the new retail building immediately to the north, to the underground retail mall, and to the Jubilee line link - (06-10-2000)

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