RETURN OFFICE Increases the demand for large London buildings, says British Land

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Due to the requirement of high-level London offices, the older house, work and starts to start “down” to the elderly buildings, less people.

The British, which has a wide range of English, said that “good second hand gap in the main places” and the quantity of the existing place is an important choice for a sharp fall.

Because it is COVID-19, large office tenants are also narrowly directed The highest quality space In new or freshly updated buildings because they are trying to hire employees.

However, Simon Carter, the British Land Executive Executive Power, said that the market is now changed now and has been less avaliable since the pandemic has been less avaliable.

“There is a difficult effect,” he said. “The return to the office is stronger than anyone expected. No one (there is) so rents are strong.”

A year ago, a hedge fund and market manufacturer Citadel rented a wide office area in advance About £ 100 in the English land development, about £ 100 in Finsbury Avenue, a SQ ft rental buildings in a few years ago.

The rental fee for this high quality space is now a square of 115- £ 120, the occupation of several buildings to occupy several buildings in the next several years – enterprises forces other options.

“This requirement only goes to another place,” said Carter.

According to the information supplier Costar, the office vacancy levels in the central city of London and in the last districts of the West fell slightly in the first quarter in the first quarter. Brokers Cushman & Wakefield, the second hand cavity sitting in the city in the city has fallen in five to five in five years since 2023.

Most enterprises want to stay near the major train stations, but Carter, the early signs of the UK lands, such as the development of Canadian water, noted the early signs of a movement away from major transport links.

“If (companies) want to see a tendency,” If (companies) want a new building and are more sensitive, they look at some areas: new buildings in Battersea, Stratford, Canary Wharf or Canadian waters.

British land 9.5 billion pounds of portfolios and retail parks of their offices in England on Thursday, retail sales parks with independent assessments of $ 1.5 percent. The portfolio has been increased by higher rentals after increasing interest rates after a few years of evaluation.

The company has increased by a similar profit of lessons that increased by 3 percent, with the main profit, increased by 4 percent to $ 279 million.