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Archive News

 

 

25.10.11 Farebrother IPD Midtown Investment Half Year Report H1 2011

Net investment in the Midtown office market continued to be positive at 4.2% of capital value, compared to the West End which saw disinvestment of funds for the first time since the 1st Quarter 2010 at -0.6%. The City experienced continued disinvestment of -3.3%.

The report is available on request. Please contact Lizzie Cave 020 7855 3531.

 
     

24.10.11 AXA Real Estate secures major Midtown pre-let

Farrer & Co LLP has committed to take 21,500 sq ft on a 10 year lease in the remodelled 20 Lincoln’s Inn Fields, WC2, ahead of the building’s practical completion due at the end of November. The development is owned by an AXA Real Estate investment vehicle, which is managed on behalf of a client and advised by Farebrother.  more

 

 


     

20.10.11 Tutti Frutti to open its first European store in Covent Garden

Tutti Frutti, the World’s largest frozen yogurt retail chain with close to 500 stores, will open its first store in Europe and UK flagship at 2 Bedford Street, Covent Garden, London, WC2. Advised by Farebrother, Tutti Frutti UK has taken a 10 year lease from Legal & General on 2,102 sq ft at £95,000 pa. more. Tutti Frutti future Requirements Flyer

 

 

18.10.11 Farebrother let Old Bond Street shop at record Zone A rent

Farebrother has let 44 Old Bond Street, London, W1, on behalf of a private client to high-end Russian jeweller Maxim Voznesensky for its first store in the UK.The luxury retailer has taken a 17 year lease on 249 sq ft and a 466 sq ft basement at £225,000 pa (Zone A £850 psf), directly opposite Dolce & Gabanna, Alexander McQueen and close to Cartier, Gucci and Omega. Maxim Voznesensky secured the much sought after property after paying a substantial premium.
 

 

10.10.11 2011 Investment in Midtown set to exceed pre-recession levels

Investment in Midtown office assets rose to £577m in Q3, up 7%, driven by 10% above average occupier take-up and improved liquidity for an increasingly wide-range of Investors. Total annual investment in Midtown to date in 2011 is just under £2bn, its highest annual level since 2007 with a quarter to go and exceeds 2008 and 2009’s totals combined. more		 

 

Christopher Woodbridge

A Memorial Service celebrating the life of Farebrother's former Senior Partner Christopher Woodbridge, who recently passed away after a courageous battle against cancer, will take place on Thursday 10th November at Noon, at St Bride's Church, Fleet Street, London, EC4Y 8AU. The Service will be followed by a Reception at Stationers’ Hall, Ave Maria Lane, London, EC4M 7DD (nearby, off Ludgate Hill).

Patricia Woodbridge would be thrilled if all those who knew or worked with Christopher could attend both the Service and Reception afterwards.

It would be extremely helpful if you could let us know if you are coming? Further information is available from Chrissie Ashley on 0207 855 3553.

 

 

 

03.10.11 Farebrother September 2011 Office Deals

Including 24,780 sq ft to Tate and Lyle at 1 Kingsway, WC2, 23,500 sq ft to Hult International Business School at Conquest House, John Street, WC1 and 3,483 sq ft at 1 Ely Place, EC1 to FOUR Capital Partners. more

 

 

 

03.10.11 Top-ranked Global Business School snaps-up the only newly-refurbished space in WC1 available

Prior to the building's completion, Hult International Business School has taken the whole of the 23,500 sq ft Conquest House, the only newly-refurbished or new building that will come available in WC1 for the next year. The School with five campuses across the World, ranked in the Financial Times top 100 business schools and voted best for postgraduation salary increases by The Economist, has taken the John Street building on a 15 year lease from GMS Estates, who were advised by Farebrother. more

 

 

 

13.09.11 Farebrother August 2011 Office Deals

Including 25,312 sq ft at 50 Farringdon Road, EC1, to thetrainline.com on behalf of ING Real Estate Investment Management, 11,163 sq ft to Finsoft and 5,233 sq ft to Lester Aldridge LLP at 70 Chancery Lane, WC2, on behalf of WSP Group Plc and 2,419 sq ft at 55 Charterhouse Street, EC1, to Urban Fresh Foods Ltd on behalf of The City of London. more

 

 

 

15.08.11 Farebrother July 2011 Office and Retail Deals

Including 3,561 sq ft at 24 High Holborn, WC1, to S C Andrew LLC on behalf of The Prudential Assurance Company Ltd, 2,500 sq ft at Lynton House, 7-12 Tavistock Square, WC1, to Tsunami Axis Ltd on behalf of Fernridge Ltd and 1,385 sq ft at 21-27 St Thomas Street, SE1, to Mace Ltd on behalf of Lambert Smith Hampton Ltd. more

 

 


 

05.08.11 NLA Invest in Midtown Conference 22nd September 2011

Midtown’s office market, with its diverse villages like Covent Garden and Bloomsbury, Holborn, Fleet Street and Clerkenwell together outperformed both City and West End markets in 2010. This NLA on location event will illustrate the reasons for the area’s success. We'll hear from key policy makers, landowners and investors on the potential influence schemes such as Crossrail, the new Blackfriars Station, Goldman Sachs’ proposed 1m sq ft ‘super-campus’ and market dynamics will have on the area. More info / Book here

 

 


 

05.08.11 Farebrother Midtown Research Report Q2 2011

Our current report is now available. Rents rise as no new space is delivered and take-up is above average. To obtain a copy or arrange a market presentation, please contact Lizzie Cave on 020 7855 3531.

 

 

 

26.07.11 Farebrother June 2011 Office and Retail Deals

Including 9,979 sq ft at 165 Fleet Street, EC4 to Redgrave Partners on behalf of Barclays Nominees (George Yard) Ltd, 4,705 sq ft at Chancery House, 53-64 Chancery Lane, WC2 to Redrow Homes Ltd on behalf of Hudson Global Resources Ltd and 3,153 sq ft at Magnesia House, 6 Playhouse Yard, EC4 to Park Caledonia Capital Ltd on behalf of The Worshipful Society of Apothecaries. more

 

 


 

25.07.11 Alex Beaton joins the Practice as our new Head of Business Rates Marketing

The Partners are pleased to announce the appointment of Alex Beaton as Farebrother's new Head of Business Rates Marketing. Alex will be working closely with Jeff Norris to continue to generate new business leads and develop opportunities. more

 

 


 

20.07.11 Midtown yields under pressure to fall further by the end of the year

An increase in headline rents, scarcity of suitable target buildings and sustained competition from a well-funded, diverse and growing group of Investors will keep yields under pressure in Midtown. Finding an available building with the right return profile can be a challenge. more

 

 


 

18.07.11 Midtown vacancy rate falls the furthest in seven years as West End Occupiers join the fight for space

The amount of available office space in Midtown in Q2 2011 fell 22% to 5.5% of total stock (down to 1.9m sq ft from 2.4m sq ft), a lower than the West End at 7.1% and City at 10.8%, largely driven by above average take-up and limited new supply - Latest Midtown Research. more

 

 

 

04.07.11 Midtown business leaders working for change

Over 100 businesses and organisations in ‘Midtown’, London’s legal, corporate and now creative heartland and arguably Central London’s most ignored district, met last week to debate how to tackle the unique issues and take opportunities for the area over the next decade, hosted by the Midtown Business Club. more

 

 


 

01.07.11 International demand for Midtown trophy assets continues

Advised by Farebrother, Oxford Properties, has successfully acquired a 50% stake in the 300,000 sq ft Midtown trophy office asset, MidCity Place, High Holborn, London, WC1, from Beacon Capital Partners LLC. The deal follows other recent Midtown acquisitions including Chinese Estates’ at River Court, 120 Fleet Street, EC4, for £280m and Malaysia’s Employees Provident Fund at 65 Fleet Street, EC4, for £148m, amongst others. more

 

 


 

20.06.11 More Midtown retail landlords can work together to generate better returns

Former CB Richard Ellis and Cushman & Wakefield’s Josephine Campos e Sousa, newly-appointed retail specialist at Farebrother, is calling on more Midtown landlords and developers to work together to attract public realm improvements, create retail identities for areas and deliver better-configured units to attract a stronger tenant mix and so generate better returns. more

 

 

 

16.06.11 Farebrother May 2011 Office Deals

Including 7,300 sq ft at Kingsbourne House, High Holborn, WC1 to TwoFour on behalf of Dorrington and 2,416 sq ft at 210 High Holborn to Benoy on behalf of Legal & General. more

 

 


 

Lost in Space?

Occupying the wrong office space at the wrong time will cost your business time and money. Local knowledge is key to getting a great deal on new space as well as successfully negotiating with your current landlord in order to stay put, but on better terms. Get your questions answered at our Breakfast advice sessions. more

 

 


 

06.06.11 Waitrose deal will restart Midtown retail

Waitrose has agreed to take a 9,400 sq ft, newly-created unit at Weston House, 246 High Holborn, WC1, from Mike Probert’s Moorevale acting on behalf of the owner Allianz.This landmark letting demonstrates that if larger units are made available in Midtown, a growing band of branded retailers will take them. more

 

 


 

26.05.11 Rare new Midtown refurbishment gets underway

On behalf of the Charities Property Fund, Cordea Savills has appointed Midtown specialists Farebrother as letting agents for Denning House, 90 Chancery Lane, London, WC2. The 30,000 sq ft property is undergoing a major refurbishment to its six floors, which will complete in December 2011, bringing much needed high quality space to the area. more

 

 


 

20.05.11 Farebrother April Office Deals

Including 6,895 sq ft at 16 Upper Woburn Place, WC1, for Sue Ryder, 2,500 sq ft at Lynton House, 7-12 Tavistock Square, WC1 to Tsunami Axis Ltd and 1,485 sq ft at 5 Cowcross Street, EC1 to Disturb Media. more

 

 


 

17.05.11 Midtown Investment rockets

Investment in Midtown offices reached £850m by the end of Q1, the highest quarterly total for over three years. Investor confidence in the area’s rental growth prospects, a restricted development pipeline and belief that no significant tenant supply would be put on the market, boosted interest and will help ensure that interest remains strong. more

 

 

 

16.05.11 IPD - Midtown offices outperform City & West End

Rental Growth and Income Return in the Midtown sector were the strongest amongst the London offices according to the latest Farebrother IPD Midtown Investment Report. Midtown Rental Growth of 7.1% during 2010, outperformed both City & West End offices at 6.6% and 5.2% respectively. more

 

 


 

04.05.11 Grab your tickets for this year's Legal Charities Garden Party

Proud sponsors as we are this year, the Legal Charities Garden Party at Lincoln's Inn on Wednesday 15th June 2011, will, as always, prove to be great fun in the wonderful company of Midtown's legal eagles. Book here

 

 

 

01.05.11 Over 100 Investors and Developers registered in 10 days for Midtown Investment Market Report Launch

**THIS EVENT IS NOW OVERSUBSCRIBED**

Latest Farebrother IPD Midtown Investment Market Report Launch - 8 am, 16th May 2011

 

 

 

21.04.11 Farebrother March 2011 Office Deals

Including 45,772 sq ft at New Court, 48 Carey Street, WC2, to the London School of Business and Finance, 8,631 sq ft at Trackside Business Park, Byfleet, KT14 and 3,585 sq ft at Cobb House, Byfleet, KT14 for Informa Plc and 3,287 sq ft at 120 Charing Cross Road, WC2 to Soho Housing Association. more

 

 

 

14.04.11 View from the Top - Breakfast Launch of the Farebrother IPD Midtown Investment Report 2010 - FREE EVENT

**THIS EVENT IS NOW OVERSUBSCRIBED** 

The Midtown office market is full of headlines and is set for growth. Real insight into exactly where and when to invest is important. Our timely, 360 degree market overview, combining the latest investment and leasing data, commentary and forecasts, is the place to start. Places are limited to investers and developers. Visit IPD's site for more details.

 

 


 

14.04.11 Only significant Southbank office scheme this year gets underway

Developer Moorevale and their funding partner Rockspring’s 50,000 sq ft refurbishment of 65 Southwark Street has started on site, the only significant office-led scheme scheduled to start on Southbank this year or until March 2012. Although 575,000 sq ft will complete at The Shard in 2012, 65 Southwark Street will face little competition in meeting demand for new space outside of the London Bridge Quarter. more

 

 


 

01.04.11 Steep fall in Midtown vacancy rate set to accelerate rental growth

Farebrother’s latest data shows that with just 7% of stock vacant, down 11% on Q4 10, rental growth is set to accelerate more in Midtown than both City (10.7% vacant, down 4%) and West End (7.7% vacant, down 9%). more

 

 


 

24.03.11 Good Luck Mark!

There are five big City marathons, London, New York, Chicago, Berlin and Boston. On April 18th, Mark Enderby of Delancey, one of Farebrother's key clients, will start the Boston Marathon, to make it five out of five. Boston is the toughest of them all and the one that really shows you to be a serious runner, not just a fit amateur. Mark is running on behalf of the Wessex Cancer Trust. To run all five not only shows great stamina and dedication but in Boston, speed is also required as participation is restricted to qualifiers. Is there anyone else in property that has run all five? www.justgiving.com/Mark-Enderby

 

 

 

21.03.11 Farebrother February 2011 Office & Retail Deals

Including 6,266 sq ft at Thavies Inn House, 3-4 Holborn Circus, EC1 to Bonas & Company Ltd, 5,212 sq ft at Standon House, 21 Mansell Street, E1 to TMC (Marine Consultants) Ltd and 1,350 sq ft to XTB UK Ltd at 75 Shoe Lane, EC4. more

 

 

 
 

16.03.11 Limited additions : No 1 Kingsway & Conquest House emerge from their wrappers

Two out of the three new office schemes due to complete in Midtown in the first half of this year are starting to emerge from scaffolding. No 1 Kingsway, the largest, is a complete new-build behind a 1920s facade. 105,000 sq ft of offices, sister restaurant for The Wolseley already announced, seven apartments on top...And so too Conquest House (complete with garden). Perhaps new media folk will make a move for the former Bloomsbury home of the Law Commission? 22,500 sq ft of new offices will also be finished in the Summer.

 

 


 

11.03.11 Farebrother rider completes every stage of Cycle to Cannes

Farebrother was pleased to sponsor Rob Jenkins of Delancey who successfully completed the Aedas Cycle to Cannes on Tuesday 8th March for the start of MIPIM 2011.

The six day event brings keen cyclists and property professionals together to cycle a total of 1,500 km from London to Cannes to raise money for five core charities: LandAid, Tom's Trust, Sarah Matheson Trust, Article 25 and The Duke of Edinburgh's Award. more

Despite strong headwinds and aching joints, Rob managed to cycle every stage of the trip which requires each rider to cycle a minimum of 120km a day. Congratulations Rob!

 

 


 

09.03.11 Holborn Circus Area Enhancement Scheme

Have you seen the area enhancement scheme being proposed for Holborn Circus by The City of London, in partnership with the London Borough of Camden?

The busy junction of Holborn Circus has been identified as having one of the highest accident rates within these two boroughs. The proposed enhancement scheme aims to simplify the operation of the junction to improve safety for drivers, cyclists and pedestrians whilst creating a higher quality public realm.

Have your chance to comment by downloading a copy of the proposal by clicking here. (5.5 MB)

 

 

 

17.02.11 Farebrother January 2011 Office Deals

Including 12,335 sq ft at 80-86 Gray's Inn Road, WC1 to The International Institute for Environment and Development, 3,207 sq ft at Kingsbourne House, 229-232 High Holborn, WC1 to Bam Construction Ltd, 1,145 sq ft to Fair Trials International at 154-157 & 185, Temple Chambers, Temple Avenue, EC4 and 938 sq ft to Quest Hotels Ltd at 13 Great James Street, WC1. more

 

 


 

03.02.11 Landlords' investment in the Midtown market grows

Recent letting successes at new schemes such as 110 Fetter Lane, EC4 and Central Saint Giles, WC2, have provided landlords with strong evidence of demand for new stock in Midtown. Take-up of Grade A refurbished stock has been similarly strong with key deals on 7,500 sq ft at UK & European's 9 Kingsway, WC2 and 10,500 sq ft at Lynton House, 7-12 Tavistock Square, WC1. more

 

 


 

03.02.11 'The People's Supermarket' - Channel 4 on Sunday 6th February at 8pm

Want to know more about 'The People's Supermarket' in Lamb's Conduit Street? Tune in to Channel 4 at 8pm on Sunday 6th February 2011 for the first episode of a four part series on the radically different supermarket, owned by its customers. more

 

 

 

17.01.11 Farebrother December 2010 Office Deals

Including 27,776 sq ft at 85 Gray's Inn Road, WC1 to Shed Media group, 3,045 sq ft at 55 Charterhouse Street, EC1 to Sandy Brown Associates LLP, 2,620 sq ft to GRID Architects Ltd at 124-130 Southwark Street, SE1 and 1,440 sq ft to The Royal Society of Tropical Medicine & Hygiene at Northumberland House, 303-306 High Holborn, WC1. more

 

 


 

15.12.10 85 Gray's Inn Road fully let

Ignis UK Property Fund (IUKPF) has let 85 Gray’s Inn Road, London, WC1 to WB Bidco plc, a Warner Bros. and Shed Media group JV taking 27,776 sq ft on a new, ten year lease at an annual rent of £746,015. Ignis was represented by Farebrother. more

 

 

 

15.12.10 Farebrother November 2010 Office & Retail Deals

Including 48,887 sq ft at 24 Britton Street, EC1, to Kurt Geiger Ltd, 9,440 sq ft to New York University (London) at 4-5 Bedford Square, WC1, 6,144 sq ft to UK Mainstream Renewable Power Ltd at 140 London Wall, EC2 and 2,560 sq ft to Farani Taylor LLP at 60 Gray's Inn Road, WC1. more

 

 


 

10.12.10 Increased office market activity brings new generation appointments at Farebrother

With Midtown take-up at a three-year high and demand for new and refurbished space growing, Farebrother has made a series of changes to its office teams and is celebrating three colleagues’ newly-won status as Chartered Surveyors. New recruits, Tom Cazalet (Leasing Sales & Development), Andrew Brooker (Business Rates) and Rose Fisher (Landlord & Tenant), join Jeff Norris who has been promoted to Partner and Patrick Phillips who has been made an Associate Partner (Leasing, Sales & Development Team). Further, Toby Fuhrman (Landlord & Tenant), Alice Blackall (Leasing, Sales & Development Team) and Robert Rooney (Leasing, Sales & Development Team) have each won MRICS qualification at the first attempt. more

 

 


 

23.11.10 Wolseley creators to open sister restaurant at Midtown's 1 Kingsway development

Appointed as joint agents to the upper floors of the impressive No.1 Kingsway development, Farebrother and Jones Lang La Salle are delighted to report that the creators of the Wolseley restaurant in Piccadilly, London, have signed a deal to open a new European style restaurant on the ground floor. more

 

 


 

22.11.10 Midtown businesses masterplan for change

We are extremely proud to have hosted the Midtown Business Club's first reception at its first Dinner. An important night for Midtown, 450 business leaders, council officials and community representatives came together as a force for change. Members include some of the biggest in London, including Deloitte, Freshfields and RBS. The Club has since announced its four point plan for economic growth for the area. Property Week article on speaker Fred Cerullo. more

 

 

 

22.11.10 Farebrother October 2010 Office & Retail Deals

Including 26,615 sq ft at New Court, 48 Carey Street, WC2, to The London School of Business and Finance, 10,695 sq ft to AMEC Group Ltd at Lynton House, 7-12 Tavistock Square, WC1, 4,428 sq ft to Scott's College London at 62-66 Farringdon Road, EC1 and 3,301 sq ft to First Clarity at Lion House, 72-75 Red Lion Street, WC1. more

 

 


 

12.11.10 Midtown Business Club Dinner Sold Out

Over 450 business leaders and council officials are expected to attend the Club's inaugural Dinner, sponsored by Farebrother on 17th November 2010. Tables sold out in just one week. A force for change, the Club is the fastest growing in London and has 136 corporate members including Barclays Bank, Deloitte and Freshfields Bruckhaus Deringer. Farebrother is proud to be a founding member. more

 

 


 

08.11.10 Farebrother sells long leasehold interest in Kingsbourne House

PRUPIM has sold the long leasehold interest with a short unexpired term of 25 years in Kingsbourne House, 229-231 High Holborn, WC1 on behalf of one of its client funds.  The prominent Midtown building, totalling 44,100 sq ft, is situated directly above Holborn tube station and was acquired by Dorrington for an undisclosed sum.  Farebrother acted on behalf of PRUPIM. more

 

 


 

28.10.10 Farebrother IPD Midtown Investment Report Half Year 2010

The Farebrother IPD Midtown Investment Half Year Report 2010 demonstrates investors’ continued support and growing confidence in the Midtown market with an increase in both rental value and income return. As a result, Midtown remains high on the agenda of the majority of investors.

The Report is available on request. Press Release.

 

 

22.10.10 Farebrother September 2010 Office Deals

Including 36,769 sq ft at 80 Strand, WC2, to STASCO, 1,995 sq ft to Quest Software (UK) Ltd at 21 Whitefriars, EC4, 1,402 sq ft to Svengali Productions Ltd, Temple Chambers, Temple Avenue, EC4 and 1,395 sq ft to DMJ Recruitment at 91-93 Charterhouse Street, EC1. more

 

 


 

22.10.10 Farebrother speak at Investing in Southwark conference

On 7th October Julian Hind, Farebrother's Head of Leasing, Sales & Development spoke on the Southbank leasing market using our latest Q3 research at this NLA/Southwark Council event for developers, investors and key stakeholders, which aimed to present the borough's planning strategy and highlight future development opportunities. see full presentation

 

 


 

06.10.10 Southbank office market could change irreparably without new development cash

Despite having the lowest level of office availability in Central London and take-up at its highest level for two years, just one new office-led scheme is currently underway on Southbank, suggesting that without an immediate life-line of new buildings, occupiers will reluctantly start to look North of the River. more

 

 


 

23.09.10 Planning lawyers for Spurs new stadium buy in Chancery Lane

Richard Max & Co. LLP, specialist planning lawyers for Tottenham Hotspur’s new £400m stadium, has purchased a Grade II listed building, 87 Chancery Lane, WC2, in Midtown for its own occupation on a long lease for £1.71m. This rare Victorian Gothic property, comprising 3,630 sq ft of office space over basement, ground and three upper floors is close to The Royal Courts of Justice and The Law Society. more

 

 


 

London live! 21.10.10

Alistair Subba Row, Farebrother's Head of Investment & Development will be speaking at this digital conference and exhibition focusing on Midtown's office market dynamics : the trends and opportunities that define it and look specfically at key developments and supply issues. more

 

 


 

Investing in Southwark 7.10.10

Julian Hind, Farebrother's Head of Leasing, Sales & Development will be speaking on the Southbank leasing market using our latest Q3 research at this NLA/Southwark Council event for developers, investors and key stakeholders, which aims to present the borough's planning strategy and highlight future development opportunities. more

 

 

 

20.09.10 Farebrother August 2010 Office & Retail Deals

Including 78,744 sq ft at 110 Fetter Lane, EC4, to Weil, Gotshal and Manges LLP, 8,000 sq ft to Chapter 1 at Sea Containers House, SE1, 2,690 sq ft at 1 New Oxford Street, WC1, to Roboreus Ltd, 2,498 sq ft at The Corner, 91-93 Farringdon Road, EC1, to Aurora Networks and a £55,000 pa retail deal at 4 Old Bailey, EC4 to Capable Travel Ltd. more

 

 


 

20.09.10 Rise in Third Sector office take-up in London Midtown

Demand from Third Sector occupiers such as Charities and Associations looking to upgrade their offices and reduce occupational costs, has trebled in recent months, helping to sustain London Midtown’s market. The Third Sector’s total share of take-up in 2009 was just 9%. In Q2 2010, 26% of all Midtown office take-up was by that sector. more

 

 


 

20.09.10 Pinsent Masons plans office move

Farebrother and Savills have been instructed to market Pinsent Masons’ current 76,000 sq ft base at 30 Aylesbury Street, EC1, on behalf of the 274 partner, international law firm. The Construction Law Firm of the Year will be expanding into space at Crown Place, EC2, in early Spring 2011. more

 


 

02.09.10 Plumtree plan supports Midtown cycle

Premier Property Group (PPG) has become the latest developer to show its growing confidence in the Midtown market by submitting the first major planning application for a Midtown office scheme this cycle. The Edinburgh-based firm plans to turn professional services Pricewaterhouse Coopers' (PwC) HQ at Plumtree Court, EC4, into a 300,000 sq ft office block. The property currently extends to 200,000 sq ft. more

 


 

31.08.10 No new space driving take-up of refurbished Midtown Offices

Two quick deals on good quality refurbished space at UK & European's 9 Kingsway, WC2, provide further evidence that Midtown’s development pipeline is drying up. To date there has been only one office scheme start in Midtown in 2010, despite take-up in Midtown of over 370,000 sq ft in both Q1 and Q2. The lack of development stock will have an increasingly significant impact on the Midtown market to 2012 as more and more refurbished space is absorbed. more

 

 

 

25.08.10 Farebrother July 2010 Office & Retail Deals

Including 4,920 sq ft to Assura Medical Limited, 7-12 Tavistock Square, WC1, two deals at 9 Kingsway, WC2 totalling 7,127 sq ft to Global Ethics Limited and Attheraces Holdings Limited and 4,872 sq ft to PSD Limited, 48 Chancery Lane, WC2. more

 

 

 

26.07.10 Farebrother teams' work celebrated

Evening Standard: New Bloomsbury set. Farebrother's management, leasing and retail teams work in Lamb's Conduit Street and Rugby Street for a private landlord client is recognised. read the full article

 

 

 

15.07.10 Farebrother June 2010 Office & Retail Deals

Including the acquisition of c.57,500 sq ft for Age UK at Tavis House, 1-6 Tavistock Square, WC1, 10,584 sq ft let to The London Mint Office at Harmsworth House, Bouverie Street, EC4 on behalf of Topland, 4,145 sq ft let to WMS at 26-28 Bedford Row, WC1, and a 1,150 sq ft retail unit at 53 Lamb's Conduit Street, WC1, to Shofolk. more

 

 


 

07.07.10 Midtown Office Supply Dries Up

Soon to be published 2nd Quarter data from Farebrother provides the strongest evidence yet that Midtown’s office development pipeline is drying up. To date there has been only one office start in Midtown in 2010, GMS Estates’ major refurbishment of 22,500 sq ft at Conquest House, 37-38 John Street, WC1, despite take-up in Midtown of 370,000 sq ft in Q2 and 376,000 sq ft in Q1. more

 

 


 

14.06.10 Farebrother acquires new offices for QEB

Advised by Farebrother, QEB Hollis Whiteman has acquired the freehold of 11,600 sq ft, 1-2 Laurence Pountney Hill, EC4, from Threadneedle for £3.3m, seeing-off rival bids once a deal to sell the freehold to a private investor fell through. more

 

 

 

10.06.10 Farebrother May 2010 Office & Retail Deals

Including 8,053 sq ft to Genesis Oil & Gas at MidCity Place, WC1, from Westfield, 5,477 sq ft at 57-61 Charterhouse Street, EC1, to Truth Consulting, 4,061 sq ft at 48 Chancery Lane, WC2, to The National Pro Bono Centre and 4,000 sq ft at Lamb's Conduit Street, WC1, to The People's Supermarket. more

 

 


 

26.05.10 Historic Fleet Street building comes to life

After just six months on the market, one of the last remaining buildings from Fleet Street’s heyday as the centre of the newspaper industry, Harmsworth House, looks set to reach full occupancy for landlords Topland PLC, who are advised by Farebrother. Only 6,000 sq ft of office space remains available. more

 

 

 

20.05.10 Farebrother April 2010 Midtown Office and Retail Deals

Including 14,287 sq ft at Brettenham House, WC2, to Thomas Cook, three deals at Weston House, WC1, totalling over 25,000 sq ft to BPP and NHS Business Services Authority and Unit 1, 75 High Holborn, WC1, to William Hill. more

 

 


 

18.05.10 Lamb’s Conduit Street chosen for first store by new supermarket concept

New retail cooperative The People’s Supermarket (TPS) will open its first UK store in Midtown on Lamb’s Conduit Street, WC1N, this Autumn. TPS has taken a ten year lease on more than 4,000 sq ft over ground floor and basement at 72-78 Lamb’s Conduit Street, from a private landlord advised by Farebrother. more

 

 


 

14.05.10 Property Week : Head to Midtown for solid returns

Key results from the first Farebrother IPD Midtown Investment Report show that the Midtown office market outperformed the City and the broader UK office market last year delivering a 2.3% annual total return. Midtown properties delivered softer capital depreciation than City properties and the broader UK office market as a whole in 2009. Midtown provided the strongest income returns across the entire Central London Market in 2009 and has outperformed both the City and West End markets every year since 2001.

The Report is available on request. Press Release.

 

 


 

11.05.10 Farebrother IPD Midtown Investment Market Report launched

Over 80 investors, developers and funds attended the launch of a new IPD Report, sponsored by Farebrother, capturing performance data on 170 Midtown assets worth £2.4bn, hosted by Freshfields Bruckhaus Deringer LLP. The results are revealing, redefine Central London markets and underline Midtown's status as a competitive, stand-alone office market. The Report is available on request.

 

 


 

20.04.10 Rare opportunity to acquire an office with a history

Farebrother has been appointed by the Worshipful Society of Apothecaries to let the historic Magnesia House and Grade I listed The Houses, two newly-refurbished 18th Century office buildings close to St Paul’s Cathedral and within the St Paul’s Conservation Area. Magnesia House in Playhouse Yard, EC4, provides 3,153 sq ft of offices and the The Houses, 16-18 Blackfriars Lane, EC4, 4,603 sq ft. Ex-Licentiates of the Society who qualified in medicine in the buildings include the romantic poet John Keats and Elizabeth Garrett Anderson, the first woman to gain a medical qualification in the UK. more

 

 

 

14.04.10 Farebrother March 2010 Midtown Office and Retail Deals

Including 5,463 sq ft at Brettenham House, WC2, to Camelot, 4,626 sq ft at Lynton House, Tavistock Square, WC1, to Emailvision, 4,621 sq ft at 210 High Holborn, WC1, to Benoy and Ground Floor, 3 Adelaide Street, WC2, to Gino Gelato. more

 

 


 

30.03.10 Farebrother grows retail team

Farebrother has recruited Dan Ridgers as Head of Retail Agency and Phil Thomas as Development Adviser to support a growing Midtown retail market. Toby Fuhrman and Malcolm Brackley, will continue to provide specialist retail asset management and professional services, such as rent review and lease renewal work. Demand for retail in Midtown has grown significantly in recent months. more

 

 


 

24.03.10 Farebrother sells its award winning offices

On behalf of Marldon, Farebrother has sold the building it occupies, 27 Bream’s Buildings, Greystoke Place, EC4A, to Cicero Capital for £2.75m representing a net initial yield of 6.6%. The building comprises over 5,400 sq ft of offices let to Farebrother until 2016 and there are an additional ten residential units held on long leases. The Grade II, Award-winning building, immediately opposite Delancey and Invista’s Rolls Building was completed in 1961 by architects Yorke, Rosenberg & Mardall. The building won a RIBA London Architecture Bronze Medal. more

 

 

 

08.03.10 Farebrother February 2010 Midtown Office and Retail Deals

Including 8,100 sq ft at Fleet Place House, EC4, to Keltie, 3,595 sq ft at 95 Aldwych, WC2 to Nimsoft, St Bartholomew House, Fleet Street, EC4, to Langley Byers Bennett and Unit 3, 75 High Holborn, WC1 to Apostrophe. more

 

 


 

08.03.10 Clerkenwell Design Week 25-27th May 2010

Clerkenwell is the ‘the undisputed heart of design in London’. Clerkenwell Design Week is a three-day annual festival celebrating the area’s creative industries, their social impact and power for change. During the festival, many of Clerkenwell’s suppliers to the interior design and architecture industry, will be opening their showrooms and hosting a series of special events, receptions and UK product launches. Clerkenwell Design Week will also have its own ‘residency’ at the Dickension Farmiloe Building on St John Street. more

 

 


 

23.02.10 Agency team welcomes new player

Farebrother has appointed Mark Anstey as a Partner in the Leasing, Sales & Development team. Mark joins from Lambert Smith Hampton where he advised Telereal Trillium, Stockland and BUPA among others on acquisition, disposals and strategic property matters, including a 30,000 sq ft letting at 2 Harbour Exchange, E14, to the Legal Services Commission. Mark’s Midtown deals have included 14,000 sq ft of lettings at 95 Aldwych, WC2, to Holmen Paper, Cognosis and Hill McGlynn. more

 

 


 

06.11.09 Southbank faces office supply shortage

With only 3% of the 1.1 million sq ft of offices under construction in Southbank due to come to the market over the next two years, occupiers will have to leave Southbank, Farebrother’s latest research shows. more