Latest news with #Broadgate
BBC News
04-06-2025
- Automotive
- BBC News
PC charged with dangerous driving in Lincoln after man hit by car
A police officer has been charged with dangerous driving after a man was hit at a pedestrian crossing in Lincoln city Aodan O'Neill, 27, was alleged to have driven a Vauxhall Astra police car dangerously on Broadgate on 4 November 2024, Lincolnshire Police is due to appear at Nottingham Magistrates' Court on force said Mr O'Neill was currently on non-operational duties. Listen to highlights from Lincolnshire on BBC Sounds, watch the latest episode of Look North or tell us about a story you think we should be covering here.
Business Mayor
22-05-2025
- Business
- Business Mayor
Return to office boosts demand for older London buildings, says British Land
Unlock the Editor's Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Demand for high-end London offices is starting to 'trickle down' to older buildings because of sky-high rents, fewer people working from home and a shortage of new properties, according to one of the capital's biggest landlords. British Land, which co-owns Broadgate in the City of London, said it had seen a significant uptick in demand for 'good second-hand space in core locations' and a sharp fall in the amount of available space. Since Covid-19, big office tenants have been narrowly focused on the best-quality space in new or freshly refurbished buildings, as they tried to lure employees back to in-person work. But Simon Carter, British Land chief executive, said the market was now shifting because new space had become so expensive and there was little availability owing to a lack of construction since the pandemic. 'There is definitely the trickle-down effect,' he said. 'The return to the office is much stronger than anyone anticipated. No one [has] built, so the rents are strong.' A year ago, hedge fund and market maker Citadel pre-leased a large office space in British Land's development at 2 Finsbury Avenue for about £100 a sq ft, far ahead of the roughly £70 a sq ft rent similar buildings had commanded just a few years earlier. Rents for that top-quality space are now pushing £115-£120 a sq ft, with few buildings still on the market to occupy in the next several years — which is forcing businesses to look at other options. Read More Rentals won't save the housing market 'That demand is just going elsewhere,' said Carter. Recommended Office vacancy levels fell slightly in London's central City and West End districts in the first quarter, according to data provider CoStar. Brokers Cushman & Wakefield said the amount of second-hand space sitting on the market in the City had fallen by a fifth since 2023. Most businesses want to stay in core locations close to large train stations, but Carter noted early signs of a move to office districts further away from key transport links, such as British Land's development at Canada Water. He said he was beginning to see a trend that 'if [companies] want a new building and they are more price sensitive, they are looking at some of the emerging location: Battersea, Stratford, the new buildings at Canary Wharf or Canada Water'. British Land on Thursday reported an improvement in the value of its properties with its £9.5bn portfolio of UK offices and retail parks increasing by 1.5 per cent in the 12 months to March, according to independent assessments. The portfolio was boosted by higher rents after several years of valuation declines driven by rising interest rates. The company reported its rents rose 3 per cent on a like-for-like basis, with underlying profit — which strips out the impact of changes in property valuations — rising 4 per cent to £279mn.
BBC News
04-04-2025
- Business
- BBC News
Penkridge Market trader packs up after 40 years
A well-known market trader is packing up his stall after 40 years in Broadgate, from Madeley, Staffordshire, is a familiar face at Penkridge Market, and became a bit of a local celebrity after posting novelty videos on social media during the pandemic, dressed in an array of costumes from Mrs Doubtfire to Boris has been trading there twice a week for the past four decades and will retire on Saturday."It's going to be sad but it's going to be a new chapter for me, so I'm looking forward to that," he said. "It's been a really tough decision, my wife's been asking me for a while, she said: 'You gotta do it, we're not going to have any time together.'"I'm going to sort of wean myself off it," he said. "I'm going to go back and do the odd day when I feel like it, just when I fancy, only for a couple of months - to get over it." "I'll miss the social side for one, that is massive in my life, you get to meet people every day," he told BBC Radio Stoke."There's a lot of lonely people who come round the market just for a chat."I'll miss the banter with other traders, we've had so much fun over the years."He said that this Easter would be his first time taking the occasion off in four years. "I come from a family of market traders, me and my brother are a bit like Del Boy and Rodney," he started out by selling curtain and bedding fabrics by the yard."About 15 years into that in the early 1990s, the whole trade changed because nobody was sewing.""I moved into bedding, and just never looked back from there, really."Looking ahead to his last official day, he said it would be very emotional."I think they've got something planned to be honest… I hope I don't lose it, I don't think I will." Follow BBC Stoke & Staffordshire on BBC Sounds, Facebook, X and Instagram.
