Offices in the West End are now more expensive to lease than those in Hong Kong. Morgan Pryce, the London office agent, has observed that current top-end rents for offices in Mayfair can reach over £95 per square foot and around £75 in Knightsbridge.
ITV has bought 2.5 acres of the 22-storey tower that it occupies and in which its headquarters and studios are based, also known as the London Television Centre. ITV acquired this plot from Coal Pension Properties for £56 million and will have to pay Coal Pension Properties an additional £6.5 million if ITV proceeds with any major redevelopments within the next 3 years.
Morgan Pryce delivers expertise in securing prime on and off market commercial properties across London and the UK. We guide and nurture your purchase from initiation though to legal completion.
