Savills research shows that in 2024 over 330,000 square feet of office space across 10 buildings in the City of London were acquired with the intention of being converted for hotel use.
London Museum has appointed Bruce Gillingham Pollard as its adviser as it launches retail, leisure and office leasing opportunities at its new site in the historic Smithfield Market in Farringdon.
Lambert Smith Hampton has appointed Neil Morgan as director in the operational real estate valuations team to support growth in hospitality and leisure nationwide.
While institutional investors in the US have been interested in alternative property types for some time, their European counterparts have historically favoured the more traditional office and retail sectors. However, this is changing and Europe is anticipated to be one of the highest growth regions in the world in alternative property sectors such as student housing, senior housing, residential, and self-storage.
The Cadogan Estate, the 300-year-old London family estate focused on 93 acres in Chelsea, said it was reporting continued outperformance and strong progress on its "stewardship strategy" in full-year results for 2024.
Shaftesbury Capital said it was seeing strong demand and occupancy across its West End portfolio, which stretches across Covent Garden and Soho, in a trading update ahead of its annual general meeting later today.
Hammerson, the UK-listed owner and manager of retail and leisure complexes in the UK, France and Ireland, said it was reporting a record year of leasing following what it termed a transformative year in results for the year ended 31 December 2024.
Starlight Bidco, a Starwood Capital bidding vehicle, has had its recommended £673.5 million cash offer for Balanced Commercial Property Trust, the listed UK real estate investor, approved. Trading in the trust suspended this morning (15 November).
Redical, the real estate owner and operator launched by Mikko Syrjanen and Petteri Barman, has appointed Savills as property manager across its core UK retail and leisure destinations and Savills Sustainability to advise on environmental, social and corporate governance.
Dalata Hotel Group, the largest hotel operator in Ireland, with a growing presence in the UK and continental Europe, has exchanged to lease a 4-star Clayton hotel to be developed on the Tower 42 estate in the City of London.
