Here’s a wrap-up of some of the most popular stories on EG from the past week.
The deals have been counted and the results are here for the Q1 EG Radius Leaderboards. A stand-out performance in the City core propelled JLL to the top of the regional office leaderboards in the first quarter, with 477,040 sq ft transacted in Greater London. In industrial, CBRE was out in front. Find out where your firm – and your rivals – landed.
JLL on top in London as deal data reveals Q1 agency market leaders
Top five West End agents left scrabbling for deals as competition rises
Lipton Rogers has joined forces with London-based start-up Galileo Labs in a bid to gain a £1.5bn foothold in the life sciences market. The pair plans to amass a portfolio across the UK’s Golden Triangle over the next five years, with Lipton Rogers developing the lab spaces and Galileo Labs operating them.
Lipton makes life sciences debut with £1.5bn jv
British Land has said US rivals have made the London retail park market “too hot” for acquisitions. Matthew Reed, head of retail parks and retail solus, told EG the REIT is “more comfortable” looking at deals in the regions, Wales and Scotland for more value and yield than it might achieve in the capital.
London retail parks ‘too hot’ for British Land
Grosvenor plans to convert a fifth of its UK office stock into hospitality-led flexible space, as part of what it hopes will become a 300,000 sq ft flex portfolio. EG revealed the next sites in London set to be revamped.
Grosvenor maps out 300,000 sq ft flex office portfolio
Grosvenor picks next London sites for flex office push
The UK government made more than £1bn from sales of land and property last year, according to its State of the Estate report. The capital receipts will be invested back into the estate.
UK government generates £1bn from property sales
Other stories you might have missed:
FEC’s bosses on scaling up through regeneration
Industrious in, WeWork out at Finsbury Pavement
Helical ‘cautiously optimistic’ as best-in-class space reduces
UK pulled deals count reaches new high in Q1
London offices hint at wider recovery in latest RICS survey
The numbers behind Canary Wharf’s Morgan Stanley deals
City office leasing levels match decade highs
For your listening pleasure from EG Property Podcasts:
Voice of the Region: West Yorkshire – the unstoppable deal machine
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