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      FJG Solicitors in Essex, Colchester, Chelmsford, London – Fisher Jones Greenwood
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      A Great Start to the Year!

      7 January 2014 by Marketing Team

      FJG Marketing

      The end of 2013 figures are in and it appears that Central London commercial property transactions totaled £19.9bn in 2013. According to Cushman & Wakefield this is the highest figure since 2007. To give you a year on year comparison this figure is a 47% increase on 2012’s total of £13.5bn.

      In the City & Docklands, total investment in Q4 2013 reached £5.6bn, taking total investment for the area in 2013 to £11.9bn, reports the agent.

      From a purchaser perspective in the final quarter, overseas investors in the City & Docklands remain the most active. 12 transactions accounted for 80% of market share, equating to £4.5bn.  It must be noted that this statistic is affected by the purchase of More London by Kuwaiti overseas sovereign fund St Martins (Kuwait Investment Authority) for £1.7bn. In addition, GIC, Singapore’s sovereign wealth fund acquired a 50% stake in Broadgate, also for £1.7bn.

      Cushman said the UK investor market in the City & Docklands was very active in Q4, with 26 purchaser transactions totalling £1.1bn, or 19% of Q4 market volume. The average deal being £42m.  Total investor volume was “hugely reliant” on a few significant deals such as More London, Broadgate and the St Botolph Building (£464m).

      The top five deals for the final quarter of 2013 account for around 77% of total City & Docklands investment.  Cushman highlights the importance of the number of very large transactions which have contributed to the total volume.  This indicates a strengthening commercial property market from large international institutions.  Following on from this turnover for the first quarter of 2014 is likely to be strong in the City & Docklands market with the level of acquisitions currently under offer amounting to approximately another £1.3bn across approximately 30 transactions.

      Mike Tremayne, head of West End investment at Cushman & Wakefield, said: “The outlook for 2014 is very positive. With a continuing mismatch between high levels of investor demand and inefficient supply, we see no sign of this competitive market abating.”

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      Fisher Jones Greenwood is the trading name of Fisher Jones Greenwood LLP, a Limited Liability Partnership authorised and regulated by the Solicitors Regulation Authority and registered in England ( Number: OC305854 ). A list of members is available for inspection at the registered office at Charter Court, Newcomen Way, Colchester Business Park, Colchester, Essex CO4 9YA

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      We are welcoming clients back to our offices

      Differing tiers and three lockdowns later, Fisher Jones Greenwood Solicitors are now pleased to be able to welcome clients safely back to our offices.

      Remote working and the digitalisation of the way we work, have been key to keeping FJG and the rest of the country going.

      • We are now able to offer, pre-booked face-to-face appointments. Although, we are still able to offer remote appointments if preferred.
      • You can continue to visit our offices at any time to post any correspondence and documents through letterboxes.

      If you are visiting an FJG office, covid-19 safety rules of social distancing, hand sanitization, and the wearing of masks will still apply.

      • Please be aware you will also need to have your temperature taken on arrival.
      • There will also be protective screens in place to protect you and our staff.

      Please do not hesitate to contact your legal adviser by email or by telephone should you have any worries or concerns. Alternatively, please call our main switchboard number (01206 835300), and a message to return your call will be relayed to the relevant person.

      Best wishes
      Paula Cameron
      Managing Partner