King’s College London has acquired 25,300 sq ft of offices at 5-11 Lavington Street, SE1.
The accommodation on the third and fourth floor of the building will house the college’s IT department, which is relocating from Drury Lane in Covent Garden.
The college has taken a new 15-year...READ MORE
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...READ MORE
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.
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...READ MORE
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...READ MORE
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...READ MORE
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...READ MORE
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,...READ MORE
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,...READ MORE
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...READ MORE
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...READ MORE
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.READ MORE
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
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...READ MORE
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...READ MORE
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...READ MORE
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...READ MORE
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...READ MORE
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...READ MORE
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.
Leasing activity continues to be driven by DAMIT...READ MORE
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...READ MORE
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....READ MORE
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...READ MORE
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...READ MORE
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.
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...READ MORE
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...READ MORE
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...READ MORE
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...READ MORE
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...
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...READ MORE
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...
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...READ MORE
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...READ MORE
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...READ MORE
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...READ MORE
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...READ MORE
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.
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,...READ MORE
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...READ MORE
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,...READ MORE
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...READ MORE
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...READ MORE
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...READ MORE
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...
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...READ MORE
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...READ MORE
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...READ MORE