XLntenet » Business

Business

Office Space in London 'Desirable' To International Overseas Investors
The appeal of London to foreign investors has increased substantially in recent years. With a number of high profile professionals and organisations especially within the financial and banking sector making London the base of their choice. The benefits and advantages of locating offices in London are worth the cost for a range of companies. Ideal market conditions Office space in London is widely regarded as very desirable, with many areas of the city noted as prestigious trading addresses. As more big name companies move to London, whether they choose to locate to the City of London, the West End or Docklands, so too does the interest from overseas investors seeking to capitalise on the increasing demand and popularity of Office space in London. According to figures released from an investment research firm, £2.78 billion changed hands in the three months from April to June 2010 in the West End, City and Docklands areas of London. This is now the fourth quarter of consecutive increases in property transactions in the capital's office space sector. So far £4.45 billion has been spent on commercial property deals such as relocations, expansions and new premises this year. There is a range of reasons for this increase in the amount spent on London office space, most notably an increase in rent prices for many different types of office accommodation. Other factors that account for the increase are the fall in the value of the pound and an uncertain economic outlook
Read More...

London Office Space 'Rent' Set To Rise
London is a major centre for many of the world's financial and banking organisations. With the City of London containing a range of important businesses and banks, and other areas such as the West End featuring a range of prestigious addresses, office space can command significant prices. But now London office space looks set to rise, along with other European cities. Higher prices, less incentives Figures released by a financial and professional services firm have now revealed that rent prices in the West End of London have increased by 13.3% in the three months from April to June 2010. At the same time the amount of incentives offered by London's office space landlords have dropped. When it comes to office space in London, prospective tenants are usually offered a range of additional services such as office cleaning and reception staff. When landlords want to increase the amount of their office space being taken up with tenants, they can offer a choice of extras included in the rent. But now these extras are being withdrawn completely or have a premium attached to them, as the cost of renting office space in London increases. Choosing an office in London can be based on a wide range of factors including price, size, location and services included. During the latest period of economic uncertainty office space rent prices in London dropped as demand fell, and many businesses attempted to protect themselves from the economic downturn by reducing their costs. Yet despite so
Read More...

Where Is The Largest Office in London?
As a global city, London is a popular base for a range of multi national companies. As well as being the UK's capital city, London is a major hub for a range of businesses and organisations. When it comes to office space, London offers a great choice of size, type and location. Enhancing London's appeal Offices in London often have great services, and are housed in a diverse range of buildings, from the classic to the modern and contemporary. Financial services are a big sector in London's business community, and many of the larger offices in London are occupied by banks and organisations involved in finance. With office space at a premium in many parts of London, there is a lot of demand for bigger, more impressive office space in popular locations. Quality services, well maintained and cared for offices and easy to access locations within existing business areas are the key to finding a good office space that will suit a company's needs. Now a new office building project has been earmarked for development, which would make it the largest office in London. The project is being commissioned by UBS - the global financial services company. UBS operates in over 50 countries across the world and has over 64,000 workers. With its headquarters in Switzerland, UBS has now agreed a deal to develop its London base at 4 and 6 Broadgate in the City - London's financial and trading centre. Office space in the city is amongst the most prestigious and expensive in London, and the new U
Read More...