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Mayfair Office Squeeze Spawns New London Real Estate Hubs

Terry Bradshaw on NFL in London: ‘Nobody cares about that game’

Take Terry Bradshaw, for example. The Fox Sports analyst and Hall of Fame quarterback hates the idea that teams now are forced to play in England. “I think it’s the most disrespectful thing you can do to these teams, to make them travel over to London to promote our NFL product,” Bradshaw said during an appearance on WFAN . “You’re not ever going to have a team (relocate) over there. If you’re going to do anything, go to Canada every year — could be somebody (moves) up there eventually. But I don’t get it. “Nobody cares anything about that game,” he continued. “The players don’t want to go. You can’t enjoy it. Now preseason, OK, have some fun. It’s regular season, so yeah, I don’t get it — never will.” Actually, Bradshaw does get it (even if he’s wrong about a team eventually relocating there). He said so himself. “It’s all about money, buddy,” he admitted.

London High Rents Seen Pushing Developers to Fringe

Victorias Revamp Developers are seeking to exploit demand for larger and more modern offices in central London with access to transport links. Rents are rising throughout the West Ends fringes, according to Knight Frank LLP. In Mayfair and St. Jamess, home to Europes largest concentration of hedge funds, they average 95 pounds a square foot, unchanged from a year earlier. In Victoria, a gritty bus and rail hub between St. Jamess and Belgravia that Mayor Boris Johnson has earmarked for revival , Land Securities projects include the Zig Zag Building, an office and retail complex with an undulating facade on Victoria Street. The U.K.s largest real estate investment trust also refurbished a building across the road with about 200,000 square feet (19,000 square meters) of offices for tenants including retailers Jimmy Choo and John Lewis. Rolls-Royce Holdings Plc agreed to lease 37,120 square feet of office space on two floors of Land Securitiess 62 Buckingham Gate building a few blocks away, the London-based developer said yesterday in an e-mailed statement. Image Makeover Whats great about Victoria is that we have sites that can accommodate buildings with floor-plates of 20,000 square feet or more, said Kaela Fenn-Smith, Land Securities head of leasing. American Express Co., Google Inc. and Microsoft Corp. already occupy modern buildings in Victoria near strips of offices built nearly half a century ago mostly to accommodate government bureaucrats. Land Securities is tearing down 1960s-and 1970s-era buildings to create the type of space companies desire these days, Fenn-Smith said. Land Securities plans are going to completely change the perception of Victoria from a tenants perspective, Blackstones Lock said.

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