Tel Aviv – the newest high-tech capital – is currently recruiting London to be its next stronghold, due to its lucrative market for high-tech businesses. In 2014 there were over 2,000 start-ups, 50,000 people employed in the digital economy, and over £1.3 bn invested into high-tech companies, with a large percentage of Israeli firms choosing London over New York as their secondary home. Israeli tech companies and investors are increasingly viewing the UK as a key destination for business and technological collaboration, and many seek to expand cooperation with the country. 

On the 22nd February 2017′, Savills launched their new brokerage service and website listing platform, Workthere. The concept combines technology, professionalism and transparency, and is designed to help providers let their space and occupiers to identify working space that suits them. Providers currently advertising on Workthere include Wework, London Executive Offices, The Office Group, and many more smaller and individual providers.

Morgan Pryce has recently completed a deal to acquire prime Fitzrovia space on behalf of a European Advertising company, their first UK-based office.

The low sterling effect on the investment market comes in two waves: investors living in the UK or already investing in the UK are unwilling to take their money abroad and are therefore keeping their cash in the UK property market, or overseas investors are seeing the opportunity to get into the London market at a much lower level than 12 months ago.

Unite Student Housing is the UK’s largest provider of purpose-built student accommodation. Set up in Bristol in 1991, the firm now provides students with accommodation designed to enhance security, comfort and style across 26 towns and cities. Unite was registered on the Alternative Investment Market (AIM) in 1998, and progressed to the London Stock Exchange in 1998; the share price is now at an impressive 616.50 pence.

The central London office market has seen a marked shift in the nine months since the exit referendum in June 2016. Tenants looking for space throughout the capital are acquiring greater incentives, through rent-free periods and rental reductions, with areas such as the City and Victoria hitting landlords particularly hard.

Great Portland Estates (GPE) has sold its prime, mixed-use development, Rathbone Square (located at Rathbone Place, Fitzrovia, W1 in London), for £435m. The asset has been sold to Rathbone Place Jersey Ltd – which is owned by Germany’s WestInvest Gesellschaft Für Investmentfonds and Deka Immobilien Investment – at a yield of 4.25%.

Morgan Pryce has successfully completed on the acquisition of a self-contained B1 office near London Bridge. The space provides street level advertising and an entrance that can be branded to meet the client’s needs. As this particular occupier is client facing and often has meetings onsite, it was important they were able to control the entrance to their office to make sure it provided the right message to their visitors.

Morgan Pryce is delighted to announce the acquisition of approximately 4,000 sq ft of prime mews space in Notting Hill, on behalf of an up and coming media company. The mews building provides space over the ground and first floors and was completed off-market, securing the tenant a competitive rental and rent-free deal.

The City is set to see another trademark tower space after news that Brookfield Property Partners’ 1 Leadenhall Street scheme was granted planning permission. The building will provide 538,000 sq ft of prime office space, as well as 51,000 sq ft of retail space; there will also be a terrace overlooking Leadenhall Market. The City is seeing a spate of new tower developments, with Brookfield also having plans for 100 Bishopsgate, London Wall Place and Principle Place.