Office supply in 
London is in for a tougher 2011 according to a report.
It is expected that yields relating to London’s commercial office space will fall during 2011 due to the limited spending of offshore firms and limited office space available.
Approximately 5.5 million square feet of office space is forecast to be taken up by companies in 2011 in both the City and West End office sites.
These are the findings of a report released last week by Savills which primarily supports claims made by the estate agents Knight Frank at the start of February.
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An American investment bank has expanded its office space in London.
American investment bank JP Morgan Chase has completed the purchase of two offices in the heart of the City of London.
JP Morgan Chase & Co has purchased two office sites in London last year, despite a financial increase making it more expensive to operate in the capital.
The US based firm has taken on the former Lehman Brothers British headquarters in Canary Wharf as well as an office site from the Carlyle Group. (more…)
