UK - Property fund manager Jones Lang LaSalle has reported a turnover of £1.39bn from its West End investments and £1.7bn from its City property.
The firm’s Q2 2004 Central London Office Market Report reveals that the turnover signified a record high in the second quarter, thanks to take-up rates in the City being their highest for two years and rents in Mayfair hitting more than £70 per square foot.
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.”
Railways Pension Trustee Company chief executive Phil Willcock has quit the scheme after only 10 months to take up a position as head of AIG UK Life.
The Financial Conduct Authority (FCA) has launched a consultation on how to enable defined contribution (DC) savers to invest in patient capital via unit-linked funds.
The Pension Protection Fund has published its final levy rules for 2019/20 following a consultation launched in September.
The Competition and Markets Authority's (CMA) final report on the investment consultant market has been celebrated as having "real teeth" to produce better outcomes for members.