Tech takes up 25% of City space
The tech and media sectors accounted for more than a quarter of take-up in London in 2015, according to Colliers International. Research from its April Tech Monitor report showed that tech and media companies accounted for 26% of take-up, or 1.7m sq ft, in 2015 and 5.2m sq ft over the past five years.
Argent pulls Mayfield bid
Argent Related has withdrawn from the bidding process for the development of Manchester’s Mayfield Quarter. The Mayfield Partnership, comprising London & Continental Railways, Manchester City Council and Transport for Greater Manchester, has said U+I will join the shortlist.
Dolphin dives into resi rental
Dolphin Living has received a £53.5m fixed-rate, long-term loan from Canada Life Investments to deliver its 1,000 rental home target. It is secured against four residential blocks in central London that are let or are to be let on three-year assured shorthold tenancies and a limited number on open-market rents.
Simpkin shifts to Willmott
Berkeley Group’s ex-finance director Nic Simpkin has been appointed head of Willmott Residential with immediate effect. Willmott Residential is an umbrella vehicle for development brands Be:here and Prime Place, and contract housing arm Willmott Partnership Homes.
Etc takes SE1 event space
Etc.venues has signed at Shirayama Shokusan’s County Hall, SE1, for what will be its largest event space. It will open in January 2017. The company has signed a 20-year lease to create 43,000 sq ft over one floor, comprising 20 rooms and floorplates of up to 15,000 sq ft. Etc.venues was advised by Bond Woodhouse; Shirayama Shokusan was represented by Mann Smith Chartered Surveyors.
