11 Curzon Street, London, W1J 5HJ
T: 020 7499 6070 • F: 020 7499 6080 • E: info@simonkorn.co.uk
The City - EC1 to EC4
The City office market has continued to improve quarter on quarter during 2009, reaching a peak in Q3 of 1.2 million sq ft. Having reached its lowest levels of take up in Q1 with just over 425,000 sq ft, its leap of 27% from Q2 is an encouraging sign that occupiers are returning and they are surely capitalising on a market that is finding its feet.
- 1.2 million sq ft of take up in Q3 recorded so far, 35% of which is new or refurbished space.
- Watermark Place deal at 547,000 sq ft is the largest letting in the UK.
- 14.1 million sq ft is currently available, 48% of which is new or refurbished.
- 607,199 sq ft was newly marketed in September.
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.