Jones Lang LaSalle is going one better than CBRE in the race to catch up with Savills and Knight Frank on selling residential developments to the public. CBRE has got one corner of its office at the back of Oxford Street given over to the trade. JLL is going far more upfront. We learn that a glassy and glossy resi office is to be opened at the Royal Exchange in the City. Pity the City boys won't have the bonus to spend on a pad in Docklands this year.
December 2011 Archives
Yet another tale of "Why ever did the bank lend on that?" from an asset manager asked to salvage the situation. Picture an industrial asset with two access roads. Now picture a railway bridge going over one of the roads and a canal going underneath the other. The former cannot be widened and the latter necessitates a weight restriction. Neither is terribly convenient for lorries. D'oh!