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London student housing skyrockets

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Student housing is the sector du jour and nowhere more so than in London it seems.

Applications have skyrocketed in the last year with research by EGi London Residential Research shows the number of units developers are applying to build has risen ten fold in the last five years.

In this week's EG London we take a look at the longevity of the sector. Last year the pipeline was still stuffed full. Check out the interactive map below to see what's going planned this year. Check the boxes below the map to filter by planning status.
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Inside a £12.5m London penthouse

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Lansbury_Penthouse_Reception.jpgThis is what a £12.5m penthouse, right by Harrods in the heart of Knightsbridge looks like. It's nice innit?

It's Finchatton's The Lansbury. And you can't have it. It was snapped up within 24hours of going on the market by an international buyer.

Highlights are the stingray skin desk, two terraces and each flat comes with an iPad you can use to control the flat - and that includes turning the fire on remotely.

We'll have a slideshow of pictures up shortly.

Shoreditch gets Le Gun artwork facelift

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The Estate Office in Shoreditch has launched a series of images today to show anyone who's had their head in a bucket for the last few years what a vibrant place Shoreditch has become.

It is calling it the Shoreditch Zoo and if you look closely at the images by artist Le Gun you might spot the odd well known resident. They're going up on billboards as we speak. We think they're rather nice, and it's got to better than looking at the usual empty shops. 

Wellington heads back to Waterloo

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There have been loads of ideas, suggestions and frankly some hare-brained schemes for what do with London's Waterloo International since the last Eurostar pulled out in 2007. But one released last Friday by The Land Trust and Free Architecture caught our eye. It wants to turn it into a garden.

Grab your wellies, it says the station is a ready-made greenhouse where people could enjoy the outdoors indoors. The space requires no alternations to the existing building fabric and could accommodate allotments, kitchens and dining cars as well as farmers' markets and er, a cinema.

Some might scoff at the thought of sowing spuds on such a prime bit of real estate but they claim their vision is not entirely rooted in fantasy pointing to Madrid's Atocha railway station and the High Line gardens in New York.

Sadly, the powers that be haven't quite got the same vision and it hasn't made the shortlist of the Landscape Institute's Green Infrastructure competition....this time, says Jonathan Harvey, co-founder of Free Architecture.



Guest post: The future of offices in London

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The GLA published the London Office Policy Review this week - LOPR 2012.  It's the latest in a research series that stretches back over 20 years and includes data/forecasts spanning more than 40 years, between 1990 and 2031. Sandra Jones of Ramidus Consulting which worked on the report highlights some of the key findings.

 

"LOPR 2012 comes a pivotal time for the London office market. Even before the recession, thirty years of rapid expansion in the office economy was reaching a natural end. Office employment in London is forecast to grow at half the rate of the past two decades. Thus, there is little need for expansion of the office market beyond what is already in the pipeline. 

But LOPR highlights other dynamics that will drive demand for new formats of office and related employment space, including: changing workstyles; technological innovation; infrastructure investment; loss of office stock to other uses and London's role in the global economy.

The big question for LOPR is whether the London Plan enables the development industry to deliver 'the right space, in the right place, at the right time, at a manageable cost to occupiers'. 


Guest post: Is the Mayfair office market really back with a bang?

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Thumbnail image for SimonTann-01.JPGLast week EG reported that PRUPIM is in line to achieve the highest rent in West End history as its refurbished 30 Berkley Square. Simon Tann, partner, DE & J Levy looks at what this actually says about London's prime office market. 

"As the market returns from its summer break there is speculation that record office rents are being achieved and that the market is somehow exploding into a brave new world where £100 per sq ft rents are commonplace. 

There is no doubt that 30 Berkeley Square (EGi news £) will offer a truly exceptional product, looking down, as it does, across Berkeley Square, the most prime address in Mayfair. There is no doubt records could be broken, particularly if it was let floor by floor or on shortish leases. 

It has seemed hard, at times, to explain why, with relatively fragile demand through the recent recession, top rents have continued to rise, particularly at the very top end. It is partly because landlords have not felt the need to cut rents in order to facilitate lettings. They look at the lack of future supply and are prepared to sit out the difficult times and wait for the high rent paying tenants, rather than off load space at rents below their expectations. 

This has meant a lack of evidence of any rental decline and a continuing picture of rental growth that has masked the paucity of demand. Behind the deals done there is the time that it has taken to achieve these lettings and traditional letting voids of 6 to 12 months being exceeded, with over two years being witnessed in some instances. 


EG London Focus synopsis

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EG London

Published October 20, 2012

 

Spotlight on Nine Elms Battersea

Analysis of the regeneration project. Contact: David Thame, freelance writer 01544 262 896, dthame@clara.co.uk

Retail

Analysis of the sector. Contact: Mark Simmons, freelance writer, 07787 561032, msimmons@sourceform.co.uk

Airports

Analysis of the issues and future options. Contact: David Harris, freelance writer, 020 7436 9654, david.harris50@hotmail.com

Investment

Analysis of the sector. Contact: David Thame, freelance writer, 01544 262 896 dthame@clara.co.uk

Market health check

Testing the temperature of the office market as we move into the final quarter of 2012 Contact: Stacey.meadwell@estatesgazette.com

 

Please contact writers directly for more information about the individual topics they are covering by Monday 24 September

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Just as technology companies have clustered around the 'silicon roundabout' of Old Street, record companies have begun to cluster in one area: Kensington and Chelsea writes Corey Kitchener.

Four major UK labels collectively fill more than a quarter of a million square feet of office space in the upmarket London district. Proportionally that's even more room then Mariah Carey's entourage takes up on a first class flight.

Warner Music, EMI, Sony and Universal occupy 266,000 sq ft of space in the W8 and W14 postcodes. The research, compiled by Frost Meadowcroft with additional research from EGi data, also shows that the four companies are spaced less than a mile apart around Kensington High Street.

Of course this is good news for all X Factor hopefuls who may be considering traipsing between labels in the hope of a record deal.

Celebrity spotters should note that there are eight major recording studios in similar postcodes, including the private recording studio of Bryan Ferry on Avonmore Road and Metropolis Studios on Chiswick High Road, where Kate Moss was surreptitiously filmed sniffing a line of white powder.

The UK's biggest ticketing company Livenation is also now based in the area. 

Photo courtesy of p_a_h :  http://www.flickr.com/photos/pahudson/

Chilangos aims to be as big as Itsu

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One of the perks of being an EG journalist is that sometimes you do get a free lunch. Yesterday I was (very kindly) invited to Chilangos. It claims to be authentic Mexican food pitched somewhere between a fast food takeaway and a sit down meal that has won it plaudits from the pundits and got people queuing out the doors. It's headed up by two friends who met while working at Skype and they have big expansion plans. 

From a standing start five years ago they've opened up three restaurants in London. They are under offer on another unit and in legals for one more in the capital. Its aim is to take on Itsu in terms of size and reach, which currently has 35 shops. We'll be looking at them in more detail in our London pages this autumn but here are a few pics from their Islington branch taken yesterday.
 

EG London focus synopsis

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Published 22 September

Economy 

Analysis of impact current Global economic crisis is having on London's businesses. 

Mark Simmons, freelance writer, 07787 561032, msimmons@sourceform.co.uk

 

Spotlight on: Victoria

Analysis of market conditions and potential across all sectors

Adrian Morrison, freelance writer, 07818 013 233, adrian.morrison@addmor.com


Residential & hotels 

Analysis of the market in Central London

Graham Norwood, freelance, 07779 595 964, grahammmnorwood@me.com

 

Spotlight on: Canary Wharf

Analysis of market conditions and potential across all sectors

David Thame, freelance writer, 01544 262 896, dthame@clara.co.uk

 

Offices 

Analysis of the market conditions and prospects in the City and West End.

Mark Simmons, freelance writer, 07787 561032, msimmons@sourceform.co.uk

 

Please contact writers directly, by Friday 24 August to find out more about their specific topics

 

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