LATEST NEWS

26 April 2017
The South Bank Show

London’s South Bank has been the focus of intense office and residential development but its environment for shopping, eating and drinking has lagged behind. That is all about to change. Nobody did more to transform the skyline of London’s South Bank and draw attention to the location...

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13 April 2017
South Bank on it – Union Street Partners keeps it local

Nothing says SE1 like an office above Monmouth Coffee Company overlooking Borough Market. Throw in a bright, airy warehouse-style interior and the South Bank brand is complete; this is Union Street Partners’ ’hood. And they have the £20-a-week organic sausage roll habit to prove it.

...

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06 February 2017
London’s South Bank powers on after ‘watershed year’

The commercial property market that serves London’s South Bank had an exceptional 2016 which was characterised by Apple’s decision to base its HQ at Battersea Power Station.

Findings from our Q4 16 analysis show the take-up of office space last year was 40% up on the long-term average...

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26 January 2017
We have been crowned 2016 EGi no. 1 South Bank letting agent by volume and number of transactions

In the recent annual LOMA 2016 (London Offices Market Analysis), an analysis on the london office market broken down into sub-markets, we were delighted to take the top spot for 2016 South Bank letting agent by both volume and total number of transactions.

With several strategic new...

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23 January 2017
Strength in Diversity

The evolution of London’s Central core continued in 2016, from King’s Cross down across the river and deep into the South Bank; all this despite the period of uncertainty that ensued following the shattering geo-political events in the second half of the year.

When? Thursday, 9th...

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12 January 2017
Three flagship tenants take units at Leake Street Arches

London and Continental Railways (LCR) has signed up three flagship tenants to its Leake Street Arches retail scheme below Waterloo station.

Three flagship tenants take units at Waterloo scheme

12 January 2017 | PropertyWeek | By Helen Crane

Italian craft beer pub The Italian Job will...

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13 December 2016
Supporting Oasis Children’s Venture

Union Street Partners’ Nick Willson has been engaged in pro bono property advice for the Oasis Children’s Venture in Stockwell and we are delighted to report that his recent negotiations have helped to provide occupational security and growth for the charity.

For the last year or so,...

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12 December 2016
The Illuminated River International Design Competition Winner Announced

The internationally acclaimed American light artist, Leo Villareal and British architects, Lifschutz Davidson Sandilands, have won the Illuminated River International Design Competition, a design commission to light 17 of central London’s bridges along the River Thames.

The winning team,...

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29 November 2016
WeWork signs on 72,000 sq ft at Union Street Partners’ South Bank Central instruction

29 November 2016 | By Guy Montague-Jones | Property Week

WeWork has agreed to take 72,000 sq ft across three floors of the Vivo building at the South Bank Central development.

The new location, which will be WeWork’s second on the South Bank after Sea Containers, SE1, will house more...

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02 November 2016
Advised by Union Street Partners, Waterloo International Terminal plans have been approved

We are pleased to announce that the plans to expand Waterloo Station, SE1, to include a new shopping destination was given the green light by Lambeth Council last night. 

Waterloo Station plans approved

By Shekha Vyas | Retail | Development | Planning | 02-11-2016 | 13:33

Plans to...

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26 October 2016
APPLE: A GAME CHANGER BUT NOT THE ONLY STORY OF THE QUARTER

Apple’s decision to base its new 468,000 sq ft European HQ at Battersea Power Station has added further momentum to London’s South Bank office market which was already moving forward strongly prior to the tech giant’s announcement.

Our 3rd Quarter South Bank office market research showed...

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20 October 2016
South Bank takes on tech hub Shoreditch

It may be where the hipsters hang out, but Shoreditch’s position as the number-one choice for technology and creative businesses is now facing strong competition from the South Bank.

South Bank takes on tech hub Shoreditch

20 October 2016 | By David Parsley | PropertyWeek Article

It...

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06 October 2016
South Bank specialist Niall Sheridan joins Union Street Partners

Union Street Partners has recruited South Bank specialist, Niall Sheridan, to join our growing team as a consultant.

Niall is one of the area's most experienced agents. A former Senior Partner of EA Shaw, he set up that firm’s South Bank office in 1983.

Union Street Partners’, Simon...

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15 September 2016
No post Referendum slow down for the South Bank

Whilst there was a notable pause for breath in activity immediately after the Referendum, occupiers continued to compete for space in the South Bank office market during the 3rd Quarter. Interest remained strong with a number of deals indicating that the South Bank market has not slowed...

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19 August 2016
Creative Businesses Drive South Bank Office Take-up

Office take-up in London’s South Bank market is continuing to be driven by businesses from the DAMIT sectors (Design / Advertising, marketing & PR / Media / Internet / Technology & telecoms). DAMIT occupiers accounted for 32% of the 189,927 sq ft of office space that was let in the second...

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02 August 2016
Union Street Partners and Farebrother top charts in EGi’s Q2 16 London Office Market Analysis

Estate Gazette highlights the strength of the smaller agents in EGi's latest London Office Market Analysis for the 2nd Quarter of this year, stating “Credit where credit’s due…In tough market conditions, it was the smaller agencies that made the most gains. Farebrother took the top spot...

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02 June 2016
SHORT TERM SUPPLY IN THE SOUTH BANK IS JUST TOO LOW

Over the first six months of 2016, less than 100,000 sq ft of future supply pipeline will have been delivered into the South Bank market. This is a pitiful amount, in any cycle, in any Centre of London core market. Headline grabbing maybe but only heightening the pressure on occupiers to...

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20 May 2016
SOUTH BANK INVESTMENT STRONG DESPITE PERCEIVED BREXIT CONCERNS

We have advised on seven commercial sales transactions since the start of the year, highlighting a particular appetite for small to medium sized investment in the market.

The team has sold five properties ranging from 3,000 to 7,000 sq ft for a combined total of almost £20 million...

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27 April 2016
Lack of Supply continues to restrict Take-up in South Bank. Big increase in Speculative Construction

Take-up for the first quarter totalled 235,751 sq ft, a slight increase [16.5%] on the previous quarter, but nonetheless significantly below the ten-year average of 297,370 sq ft.

Download our Q1 16 London South Bank Market Summary report

Leasing activity continues to be driven by DAMIT...

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18 March 2016
The Centre of London is home to 6 out of the top 10 most visited UK attractions

A diverse and regenerating Cultural spine runs right through the Centre of London on both sides of the Thames.

In 2015, 6 of the top 10 most visited tourist attractions in the UK were in the Centre of London, according to AVLA statistics. The total number of visitors amounted to circa 28...

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02 March 2016
VAUXHALL MOTORS WITH RECORD RENTS

We have advised on two leasing deals which has seen rents exceed £50 per sq ft in Vauxhall for the first time.

Our team was acting on behalf of Workspace and Notting Hill Housing on separate office buildings on Durham Street, SE11, approximately half way between Vauxhall and the Oval....

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19 February 2016
A Damien Hirst and Mark Hix Restaurant Collaboration to Open in Vauxhall

Damien Hirst and Mark Hix double up to launch the second of Hirst’s Pharmacy restaurants at the artist’s Newport Street Gallery in Vauxhall, SE11, on Tuesday 23rd February 2016.

We were excited to report the launch of Damien Hirst’s new gallery on Newport Street in Vauxhall at the end of...

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22 January 2016
New wave of development required to sustain South Bank growth

South Bank remains Central London’s most over-subscribed market and with a limited number of refurbished buildings coming to the market in the immediate future, this will not change.

Availability in the South Bank is at an historic low of just 551,000 sq ft across the market. This figure...

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20 November 2015
GREEN LIGHT FOR NEW DINING DESTINATION AT LONDON WATERLOO

We are pleased to report that plans to transform a number of railway arches and vaults beneath the original Eurostar Terminal at Waterloo Station into an exciting new dining and leisure destination have taken a major step forward following planning consent from Lambeth Council.

LCR’s...

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27 October 2015
www.10bridges.co.uk

The Union Street Partner's sister website www.10bridges.co.uk provides an insight into the ever changing and advancing leisure and retail side of South Bank. It lists the best independant places to go along the River Thames and across South London.

The Twitter feed for the site...

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07 October 2015
SOUTH BANK AND MIDTOWN OUTPERFORM WEST END AND CITY AS LONDON’S MOST ATTRACTIVE INVESTMENT MARKETS

South Bank and Midtown are once again the two leading office investment markets according to our latest research with Farebrother and MSCI for the first half of 2015 using the industry standard IPD UK Annual Property Index.

The Farebrother and Union Street Partners IPD Centre of London...

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06 October 2015
Lack of Supply puts brakes on South Bank Take-up growth

The acute lack of supply of quality office space in South Bank is stalling what has been central London’s fastest growing market for the last two years.

Availability of office space has now fallen below 600,000 sq ft (599,079 sq ft) for the first time on record, representing a 3% drop on...

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05 October 2015
Union Street Partners’ Simon Smith wins CoStar ‘South Bank Dealmaker of the Year’ Award 2015

Union Street Partners was very pleased to achieve Top 5 London Southbank Agent by No. of Instructions and even more delighted to report that Leasing & Development Partner, Simon Smith was awarded the title of South Bank Dealmaker of the Year at the CoStar Agency Awards ceremony 2015 last...

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27 August 2015
Union Street Partners advises LCR on exciting proposals for new dining destination at Waterloo

A planning application has been submitted by LCR to Lambeth Council for the refurbishment of the Leake Street Arches in Waterloo.

LCR’s proposals, designed by Union Street Partners appointed as development consultants and architects Corstorphine + Wright, involve creating distinct spaces...

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14 August 2015
Investment in South Bank

Earlier this month Almacantar exchanged on its commitment to forward purchase the Shell Centre at Waterloo. This is a significant piece of business for the South Bank and is indicative of the appetite that currently sits in this market.We believe that there would be further investment...

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17 July 2015
South Bank rents soaring as Demand outstrips Supply

A chronic lack of supply in South Bank and fierce occupier demand is driving unprecedented rental growth across the market.
 
South Bank remains Central London's tightest market, with Availability at 2.8% across SE1, SE11, SE17 and SW8.

A considerable proportion of the market's available...

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11 June 2015
Shell Centre and Elizabeth House will serve as catalysts for large scale development in Waterloo

Yesterday we welcomed some of our friends aboard the Union Street Partners bus for a tour of London’s South Bank.

South Bank, once Central London’s forgotten hinterland, has enjoyed a meteoric rise over recent years, culminating in a stellar 2014 when 1.6 million sq ft was let – roughly...

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03 June 2015
India House Let

Union Street Partners acting on behalf of the Landlord, HSBC Pensions Trust (UK) Limited, have let the 2nd floor of India House comprising 6,631 sq ft to Survey Sampling UK Limited. The ;lessee took the premises on a new effective FRI lease for a term of 10 years at a rent of £291,764 per...

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19 May 2015
MIDTOWN AND SOUTH BANK TRUMP WEST END AND CITY

Midtown and South Bank represented London’s two standout office investment markets in 2014, according to new research by Farebrother, Union Street Partners and MSCI.

The Farebrother Union Street Partners IPD Central London Office Investment Report 2014, shows total returns for Midtown...

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17 April 2015
SOUTH BANK’S USP GO FROM STRENGTH TO STRENGTH

Union Street Partner's first anniversary is celebrated with appointments, new headquarters and instructions

Vincent Cheung has been appointed as Partner by the firm and will join from Kalmars, the specialist South London property advisors, in May bringing with him almost ten years of...

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10 April 2015
South Bank reaches tipping point as lack of supply stalls office Take-up growth

The exponential growth of the South Bank office market, where more than 3.25 million sq ft has been let over the last two years, looks to have stalled, as Union Street Partners reports that 228,415 sq ft of space was let in the first quarter of 2015, a -16%  shortfall on the five-year...

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04 March 2015
Shell Centre planning - legal challenge dismissed

The legal challenge to the planning consent on the Shell Centre has finally been dismissed

We were reassured to read at the end of last week that the legal challenge to the planning consent on the Shell Centre, SE1, brought by local activist George Turner has finally been dismissed.

He...

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02 March 2015
Nine Elms pedestrian bridge will be a hugely significant project for South London

Seventy-four proposals submitted for Wandsworth's Nine Elms pedestrian bridge competition

This week, the seventy-four entries submitted to the architectural competition for the proposed new Nine Elms pedestrian and cycle bridge have been revealed. Innovative, challenging and exciting,...

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20 January 2015
SOUTH BANK ENJOYS STELLAR END TO 2014

South Bank enjoyed a stellar end to 2014, with Take-up and demand for office accommodation continuing to be driven by the advertising and media sector, according to new research by Union Street Partners.

The standout transaction of the 4th Quarter saw advertising group Omnicom take a...

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10 December 2014
London’s South Bank is UK’s media hub

London’s South Bank has become the UK’s leading media cluster with media and media-related companies (Advertising, Marketing and PR) accounting for 34% of all Take-up in the South Bank since 2009, totalling 1.67 million sq ft.

Since 2009 Media companies and those across the Advertising,...

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17 October 2014
LACK OF SUPPLY STYMIES SOUTH BANK’S GROWTH PROSPECTS

Union Street Partners warns low 3rd Quarter Office Take-up is symptomatic of supply squeeze

London’s South Bank’s meteoric rise as London’s fastest growing market is in danger of stalling with The Shard providing the only Grade A office space for occupiers looking to relocate to the...

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15 October 2014
Union Street Partners, recruits CBRE duo as Partners

Union Street Partners has recruited two of the South Bank’s best known agents - Simon Smith and Rupert Cowling - from CBRE’s central London agency team as partners.

Simon Smith and Rupert Cowling were directors at CBRE, having previously been Partners at EA Shaw. Both have a combined...

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08 October 2014
We are attending MIPIM UK 2014 next week

We will be exhibiting at MIPIM UK 2014 next week and would be delighted to welcome you on our stand or arrange to meet you for a coffee in one of the visitor’s lounges during the course of the exhibition. Please contact one of our team below to arrange.

MIPIM UK – 15th – 17th October...

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18 July 2014
SOUTH BANK’S GROWTH PROSPECTS CONTINUE TO SOAR

Union Street Partners revises forecast for 2014 and predicts another bumper year for London’s fastest growing market
 
London’s South Bank is continuing its meteoric rise as London’s fastest growing market. While over 1.6m sq ft of office space was let in South Bank in 2013, it was feared...

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15 May 2014
Farebrother Strikes the right note with the Philharmonia Orchestra in South Bank

Specialist real estate advisor Farebrother has acquired new premises for the Philharmonia Orchestra, one of the UK’s finest orchestras, in South Bank.

The Philharmonia Orchestra has acquired 6 Chancel Street, located in the heart of Waterloo in close proximity to the British Film...

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22 April 2014
Union Street Partners: Occupier demand in South Bank remains strong after best Q1 for nine years

Office demand in South Bank shows no sign of abating, with Take-up for the first quarter of 2014 32% above the five year quarterly average, according to research unveiled this morning by Union Street Partners, the new 50:50 joint venture be­tween Farebrother and Tuckerman which was...

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11 April 2014
Farebrother and Tuckerman launch Union Street Partners in South Bank

Two of central London’s leading independent niche real estate advisory firms have formed a new 50:50 joint venture which will provide a specific and bespoke service for the South Bank.

Farebrother and Tuckerman, best known for their experience and expertise in the Midtown and...

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