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The Latest Breaking News from Knight Frank

First half central London office lettings shrink 33%

Knight Frank’s Shabab Qadar said: “Almost two thirds of office leasing deals completed in the period were for new or newly-refurbished space”

Evening Standard

City leads in office space leasing with 7 mn sq.ft: Knight Frank

Corporates in Bengaluru seem to be scaling up office space in anticipation of letting more of their employees work from office. Consequently, the city’s office space leasing transactions in the first half of calendar 2023 was highest across top eight cities in the country at 7 million sq.ft, against 6.4…

The Hindu

Chennai residential market witness a 3% year-on-year growth during first half of 2023

The Chennai residential market has registered a 3% year-on-year growth during the first half of 2023. The city recorded sales of 7,150 housing units during the first six months of 2023 compared to 6,951 housing units sold in H1 2022, according to Knight Frank India’s latest report, India Real Estate: H1…

The Hindu

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More than 50,000 sq ft of space at prime Cardiff office scheme brought to market

The One Callaghan Square office building has undergone an £8m refurbishment

Birmingham Post

Led Zeppelin fans will be amazed at how trad and tranquil this band member's country home is

The grand eight-bedroom former home in Devon, South West England of Led Zepplin's bassist, John Paul Jones, is up for sale

Homes & Gardens

Buying in Barcelona: houses by ‘masters of minimalism’ offer coastal city lifestyle in exclusive enclave

In the hills of Barcelona’s exclusive Pedralbes neighbourhood, a new boutique development promises luxury city living on a grand scale

Evening Standard

Two Edinburgh offices sold for £40 million

Meanwhile, the former site of Nye Bevan House in Glasgow has also been sold

Insider UK

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Warehousing transaction volume rose in Vijayawada to 1 mn sq ft in FY-23, says report

In its India Warehousing Market Report-2023, Knight Frank India, an international property consultancy, stated that Vijayawada recorded warehousing transaction volume of 1 million square feet in financial year 2023-24 with a year-on-year growth of 22%.

The Hindu

UK Land Estates puts Portrack Retail Park up for sale with price tag of at least £6.77m

The site is home to big names such as Howdens and Tile Mountain

Birmingham Post

Cheapest square on Monopoly board gets New York style overhaul

First apartments in Manhattan inspired Old Kent Road development go on sale from £440,000

Evening Standard

Trio of deals completed at Bristol's Castlemead

Commercial property consultants Hartnell Taylor Cook, JLL and Knight Frank completed the deals on behalf of investment adviser Floreat

Birmingham Post

Elon Musk Has Bad News for Some Landlords

The significant rise in interest rates has somewhat weakened commercial real estate, which was already suffering from remote work.

The Street

Elon Musk Has Bad News About Real Estate

The significant rise in interest rates has somewhat weakened commercial real estate, which was already suffering from remote work.

The Street

Elon Musk Suggests Commercial Real Estate Is in Big Trouble

The significant rise in interest rates has somewhat weakened commercial real estate, which was already suffering from remote work.

The Street

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Wales Online

'Our house has a medieval castle in the back garden'

Valmai Williams is selling a historic property, Bronllys Castle House near Talgarth, with 13 acres of stunning grounds and a garden feature to beat all others

Evening Standard

London’s share of international super-prime property market takes hit in 2023

London’s super prime market was hit by interest rate rises and the Truss mini budget, according to a new report

The Independent UK

Annual house prices fall for first time in a decade

House prices fell by 1.0% on average across the UK in May

The Independent UK

Annual house price growth turns negative for first time since 2012 – index

House prices fell by 1.0% on average across the UK in May, Halifax said.

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Evening Standard

Greenwich Market is ‘losing its identity’ amid decline in handcrafted wares, traders say

Local businesses say the ‘personal touch’ has gone as handmade gifts are replaced by cheaply-made imports

The Guardian - UK

Half of big international firms to cut office space in next three years – survey

Survey of 350 businesses shows 56% favour hybrid working

Birmingham Post

Barclays to relocate to Bank House in Newcastle city centre

The banking giant is moving from its Quayside base into the new office tower later this year

Fortune

Money's theory of relativity: Here's how much money you need to make the 1% in the world's 10 richest countries

America's wealthy are quite rich, but maybe not as rich as you thought. The nation barely makes the top five of Knight Frank's annual ranking.

Wales Online

Grand Designs' ‘saddest ever’ house could be sold within weeks

The home is said to be 'cursed'

Chronicle Live

Council denies Grainger Market ‘privatisation’ claim as staff exodus forces switch to outside management firm

A real estate consultant is taking over the day-to-day running of the Grainger Market, with Newcastle City Council saying it cannot offer the 'visible' presence traders want itself

Evening Standard

Private island fortress —complete with 15-feet-thick walls, sauna and hot pool— for sale for £3 million

Spitbank is one of three Napoleonic forts in the Solent. The largest, No Man’s fort, is also for sale.

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