UK - Property investment in the West End reached a record high of £1.39bn over the second quarter of 2004, Jones Lang LaSalle claims.
The property firm’s Central London Office Market Report showed that take-up is at its highest level for two years, with rents in Mayfair achieving over £70 per sq ft, indicating an improvement in rental levels in the core West End sector.
Jones Lang LaSalle head of West End investment Julian Stocks said: “We saw more than 10 deals over £50m, which is unusual. UK purchasers accounted for 75% of deals with many seeking to invest as the West End office market shows signs of improvement.
“I believe the occupier market may take longer to improve than many expect and investment sentiment is ahead of reality. We expect a slower, less competitive autumn.”
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).