Day: November 25, 2019

    Cast your mind back to 2011. In order to get around London you might have hailed a black cab or booked one over the phone using a service like Addison Lee. Then Uber arrived and completely changed the game, allowing you to book a car almost instantly using its app. Whilst there are 3.5 million Uber users in London, the tech company's reign as London's top transport app is waning. Transport for London (TfL) has denied the company a new permit to operate in the city following concerns about its ability to identify its drivers. This doesn't mean you won't be able to hail a car from the app in the capital, however, as Uber can appeal the decision and continue to operate. But, if you do feel uneasy about riding in an unlicensed vehicle then luckily there are a wealth o...

    Investment in London’s office market is falling despite growing demand from British and overseas investors, as a lack of available stock continues to hamper the sector. Total turnover for office investments in the capital in 2019 is set to drop well below the figure for the previous year, according to new data from Knight Frank, but a supply shortage may be masking increasing interest from investors. “We’re not really convinced that the turnover figures are reflective of the true underlying demand,” said Knight Frank’s Faisal Durrani. There was £2.9bn of office real estate available on the market during the third quarter of 2019 spread across 81 assets – a 21 per cent decrease on the second quarter. Durrani said the drop reflects “the severity of the shortage of i...