 |
| LATEST LATEST LEGAL NEWS ARCHIVE |
LATEST NEWS & EVENTS SWIP claims high letting demand for Mayfair site  Those with an interest in commercial property might be interested to learn that Scottish Widows Investment Partnership (SWIP) has seen a high level of lettings for its redeveloped Mayfair site. The 14 St George Street, Maddox Street and 50 New Bond Street residential and retail complex comprises 120,000 sq ft of space and has caught the attention of a variety of occupiers. A deal with Kleinwort Benson has seen the wealth manager take up 50,000 sq ft of space on a ten-year deal, which SWIP claims is likely to be the largest letting agreement in the heart of the West End since 2005. Darryl Tidd, investment director of SWIP's property division, stated: "What we have with New Bond Street and St George Street is a prime development, in a prime location, attracting high calibre tenants." He added that when you consider the market conditions, the response with regards to lettings "has been very quick and highly favourable". Recently, CB Richard Ellis reported that prime office growth stood at 1.3 per cent in the second quarter of 2010. Posted by Fiona White 
Related Articles: 30/3/2012 - EPC changes to affect buy-to-let landlords 27/3/2012 - Rent increases drive strong buy-to-let yields 27/3/2012 - Property industry welcomes 'sensible' planning reforms 2/3/2012 - Arla advises landlords to 'invest wisely' 1/3/2012 - Basel III could hit commercial property lending More Property Law News |
|||
| © 2012 Lamport Bassitt | DEFAULT ZOOM | DISABILITY INFORMATION | LEGAL INFORMATION |