11 Curzon Street, London, W1J 5HJ
T: 020 7499 6070 • F: 020 7499 6080 • E: info@simonkorn.co.uk
Quarterly Report
Please click on the pages below to see our fourth quarter 2006 London Office Market Report.
After a period of uncertainty, London's economy had strong growth in 2006. In the City the fourth quarter saw vacancy rates drop to 7.5% - their lowest level for five years. Rents in the core West End have been rising fast with rents inexcess of £100 per sq. ft. being regulaery acheived for new office floors / building.
The E1 market represents one of the great opportunities going forward. the number one provider of commercial property information focusnet.co.uk
Acquisitions
44 Hertford Street
Acquired for a firm of recruitment consultants as part of their expansion plans.
Comprises a self contained period building arranged over lower ground, ground and 5 upper floors totalling 3,795 sq ft.
Acquisitions
Millenium Bridge House, 2 Lambeth Hill, London EC4
Acting on behalf of a firm of international lawyers we acquired a suite of offices totalling 25,477 sq ft arranged on the 3rd floor and provided with raised floors, lifts, commisionaires, suspended ceilings and air conditioning.
Disposals
2 St James's Place SW1
On behalf of a private investor we advised on the refurbishment of this period office building & subsequently pre-letting.
Lease Renewals
55 Strand WC2
Acting on behalf of recruitment consultants we negotiated the rent review of the entire upper part of this landmark building totalling 26,500 sq ft.