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Top related persons:
Morgan Stanley - 2 Jefferies - 1 Derwent - 1 Segro - 1 Sinead Cruise - 1 Iain Withers - 1 Bart Gysens - 1
Top related locs:
London City Canary Wharf Canary Wharf WTI Great Portland
Top related orgs:
Securities - 1 Portland Estates - 1 Royal - 1 Barclays - 1 JPMorgan - 1 HSBC - 1 Investment - 1 Thomson - 1

Search resuls for: "Portland Estates"


3 mentions found


☆ London office market in 'rental recession' as vacancies hit 30-yr high - Jefferies
  + stars: | 2023-09-27 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Sept 27 (Reuters) - London's embattled office market is in 'rental recession' as volumes of empty space across the capital's West End, City and Canary Wharf business districts hit a 30-year high, analysts at Jefferies said on Wednesday. Utilisation has shrunk and landlords are losing pricing power as tenants offload surplus space," the analysts said. Jefferies estimated West End vacancies of 7%, with rates in the City and Canary Wharf at 10% and more than 20% respectively, with the tipping point for a rental recession historically around 8%. Long-term Canary Wharf resident HSBC (HSBA.L) recently announced it would be relocating to the City but is expected to lease 30% less space at its new home, according to the note. "Investment market liquidity is receding on rent uncertainty and squeezing developer profits," the note said.
Persons: Jefferies, Derwent, Segro, Morgan Stanley, Sinead Cruise, Iain Withers Organizations: Securities, Portland Estates, Royal, Barclays, JPMorgan, HSBC, Investment, Thomson Locations: City, Canary Wharf, London, Canary, Wharf
☆ Morgan Stanley says higher oil prices could boost these 2 global real estate stocks
  + stars: | 2023-09-19 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +2 min
The recent increase in oil prices could provide a boost to London's prime office real estate market, according to Morgan Stanley. According to their analysis, higher oil prices tend to correlate with increased demand for top-tier commercial properties. When oil prices rise above this threshold, the excess profits are invested by its sovereign wealth fund, PIF, in assets around the world, including tech stocks. Morgan Stanley says that in the past, a similar rise in oil prices has preceded strong 12-month share price performance for London office REITs (real estate investment trusts). For Derwent London, Morgan Stanley forecasts the stock reaching £27.00 ($33.43), up 45% from current levels, within 12 months.
Persons: Morgan Stanley, Bart Gysens Organizations: Bank of London, Cooperation Council, Monetary Fund, GCC, Saudi, London, Derwent, Great Portland Estates, Derwent London, Great Locations: London, WTI, Great Portland
☆ London Offices Will Get Cheaper Until They Go Green
  + stars: | 2022-11-22 | by ( Carol Ryan | ) www.wsj.com   time to read: 1 min
Things are getting tougher for owners of London office blocks, but that probably won’t end the trend of energy-efficient refurbishments. Despite healthy demand from tenants, office buildings owned by British Land, Landsec and Great Portland Estates —three of Britain’s largest real-estate investment trusts—lost around 3% of their estimated value over the six months through September, according to results posted last week. In London’s financial district, prices were down almost a 10th.
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