Edinburgh’s office market proved highly resilient during a challenging 2020, with take-up nearing 500,000 sq. ft. and demand remaining strong, according to analysis from Knight Frank. The independent commercial property consultancy found that 490,585 sq. ft. of office space was transacted over
Knight Frank
Edinburgh has been named one of the most innovative cities in the UK and among the world’s top 50 in a new report from Knight Frank.
More Scottish companies are expected to sell and lease back their premises as they explore alternative ways of raising capital and strengthening their balance sheets, according to analysis from Knight Frank. The firm found that £1.05 billion has been raised by companies selling and leasing bac
UK banks are turning away mortgage business by increasing interest rates on several new mortgages as they struggle to cope with soaring demand for borrowing in the post-lockdown housing market.
Investment volumes in Scottish commercial property staged a recovery between July and September 2020, buoyed by the best third quarter for office deals in five years, according to analysis from two separate reports. Analysis from Knight Frank found that the COVID-19 pandemic saw investment leve
Praxis Real Estate Management has secured a new tenant at Glasgow’s 310 St Vincent Street with Wescot Credit Services signing up to occupy the building’s second, third and fourth floors. The debt collection agency has taken 28,216 sq. ft. over the three floors, relocating from its curren
David Findlay, associate for valuations at Knight Frank Glasgow, discusses the lifting of material uncertainty clauses from commercial property. Over the past couple of decades, the property sector has grown accustomed to dealing with uncertainty: the dotcom bubble popped at the turn of the millenni
Glasgow’s 150 Broomielaw office building has been acquired for circa £40 million by Singapore-based Elite Partners Capital from a Jersey Trust. The acquisition is one of the biggest UK office deals outside of London following the COVID-19 pandemic.
Edinburgh’s office market is in a strong position to weather the UK’s first recession in 11 years, according to analysis from Knight Frank.
Andrew Hill discusses why offices are still going to be important to businesses and staff, despite the working from home (WFH) boom. We’re more than 20 weeks into lockdown and, if they haven’t already done so, many businesses are beginning to look at returning to their workplaces, a
Simon Capaldi, office agency partner at Knight Frank, discusses how the coronavirus pandemic will accelerate changes to office-based working. Social distancing has turned our lives upside down and at short notice businesses adapted to remote working, moving office life into the home.
Andrew Hill, lease advisory partner at Knight Frank's Edinburgh office, details the importance of collaboration between landlords and tenants during the coronavirus crisis. Times of extreme economic pressure tend to place a strain on business relationships. In the COVID-19 crisis we currently face,
Estate agents Knight Frank has announced seven new promotions across its commercial operations in Edinburgh and Glasgow. Three senior promotions have been made in the valuations team, with Neil Kirk made partner in Edinburgh, while Matthew Aitchison and David Findlay – based in the Scottish ca
The coronavirus crisis will have a significant impact on the Scottish commercial property market, but it will also see more investors look for off-market deals in 2020, according to Knight Frank. The independent real estate consultancy said that, despite the challenges and investment caution brought
Wemyss House, the well-known office building in the heart of Edinburgh, has traded in a deal worth more than £5 million. The building, which is located at 6-8 Wemyss Place and faces onto Queens Street Gardens in Edinburgh’s historic New Town, has been purchased by an Austrian private fam