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We're creating a new 85-acre neighbourhood offering 8.8m sq ft of mixed-use development, including over 500,000 sq ft of retail and leisure. It's a £3bn project that's fully funded and on track to be delivered by 2027. When we're finished, Wembley Park will get over 20...
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Fri May 23 2025
Vacancy rates on London's Oxford Street fell to 0.5% for the first quarter of the year, according to research from Savills, the first time they have fallen below 1% since before the pandemic. The research found that whilst quarter-on-quarter contraction was marginal, by 90 basis points, this was a result of good quality vacant space becoming increasingly constrained on the street. As a result, the contraction in supply is expected to exert further pressure on rents.
Thu May 22 2025
Premium florist House of Flowers is set to open at Chelsea Waterfront, becoming the first commercial tenant to fit out at the mixed-use development. The florist has taken 527 sq ft at Unit 6 on a five-year lease, and the signing comes ahead of RHS Chelsea Flower Show later this week. Chelsea Waterfront marks the final chapter in the transformation of London’s iconic power stations, following the regenerations of the Tate Modern and Battersea Power Station.
Thu May 22 2025
Shaftesbury Capital, the Central London-based real estate investment trust (REIT), has achieved strong rental growth across its portfolio in 2025, driven by high occupancy rates. Since the beginning of the year, the group has completed 128 leasing transactions, representing £11.3m of new contracted rent. This figure was 8% ahead of the December 2024 estimated rental value (ERV) and 9% ahead of previous passing rents.
