Property bosses clamp down on the white van man in bid to protect London business October 7, 2018 London’s landlords are declaring war on vehicle deliveries, amid fears that overcrowded and polluted streets are jeopardising business. Property heavyweights fear that worsening congestion is driving commuters, shoppers and tourists away from major destinations in the capital, as the rise of online purchasing leads to ever more delivery vans, motorbikes and lorries. Moves to pedestrianise [...]
London office take-up climbs as Crossrail arrival and new hotspots fuel demand October 4, 2018 Demand for office space in Central London jumped in the third quarter of 2018, with take-up in the capital’s commercial property sector showing no sign of a slowdown in the run-up to Britain leaving the EU. Office take-up in the three months to the end of September hit 3.7m square foot, marking a six per [...]
Sadiq Khan accused of misleading public over nine-month Crossrail delay October 3, 2018 Members of the London Assembly have accused Sadiq Khan of misleading the public over what he knew about a nine-month Crossrail delay that infuriated commuters when it was revealed this summer. The Assembly's transport committee, which has been investigating the delay, has sent a damning letter to London mayor Khan. The letter, seen by CityAM, [...]
Slovakian developer HB Reavis launches its first London flexible workspace arm October 3, 2018 A Slovakian real estate developer with a growing UK portfolio has become the latest property heavyweight to enter London’s flexible office workspace market, after introducing its co-working brand into the capital this morning. HB Reavis is launching its ‘HubHub’ workspace label within its £30m offices at 20 Farringdon today, where it will occupy roughly 34,000 [...]
South Korean backers splash out £100m for Microsoft HQ October 1, 2018 Microsoft’s vast HQ campus in Reading has been snapped up by a London-based real estate investor and a Korean asset manager for £100m today. Valesco Group and Seoul-headquartered AIP Asset Management have bought the tech firm’s 245,000 square foot park in the run-up to the arrival of Crossrail’s Elizabeth line, which is set to strengthen [...]
The art of inclusivity: Any path to a fairer economy should have culture at its heart September 24, 2018 Culture and commerce have thrived alongside one another in the Square Mile for centuries, arguably since it was a bustling Roman port and commercial centre. Today, Canada is home to a number of world-leading cultural institutions, with an enviable reputation for artistic excellence and innovation. You may be surprised to learn [...]
TfL to lose out on £10m in advertising from Elizabeth Line delay in further blow to finances September 23, 2018 Transport for London (TfL) is to lose a further £10m in advertising from the delay to the opening of Crossrail, CityAM can reveal. The £15.4bn Elizabeth Line was due to open this December but has been delayed until next autumn because of safety concerns and delays to signalling testing. TfL was relying on the line – [...]
Boris Johnson’s flagship cycle superhighway costs £62,000 for every extra cyclist September 18, 2018 Boris Johnson’s controversial cycle superhighway, heralded as London’s “Crossrail of cycling”, is costing taxpayers tens of thousands of pounds for every new cyclist it attracts, according to new figures. Today’s new information from Transport for London (TfL) is likely to provide fresh ammunition to critics of the £47m project, which has come under fire from [...]
Beleaguered Grayling set to announce major new review of rail services September 16, 2018 The government is set to launch a major review of the UK’s railways this week, following widespread criticism and a series of operational problems. Transport secretary Chris Grayling is expected to appoint Keith Williams, the former boss of British Airways, to undertake a systematic, 12-month review of the country’s rail services. Williams is the deputy [...]
Crossrail chairman Terry Morgan says he will not step down in wake of Elizbeth Line delay September 12, 2018 Crossrail chairman Terry Morgan has said he will not step down in the wake of the nine-month delay to the Elizabeth Line. The £15.4bn project was scheduled to open in December this year but has been put back until Autumn 2019 following delays to signalling testing and safety concerns. The delay was roundly criticised by [...]