New leases agreed in prime London locations

Rumours from the capital suggest that a large international bank will take over 200,000 square foot of prime office space in Canary Wharf. There are further rumours that one of the city?s well know law firms may also have more than a passing interest in acquiring a substantial volume of prime office space, within the same development.
It seems that better news from the commercial property sector continues to give the braver investors who launched into this market recently a warm feeling. The commercial property market has gradually and quietly gathering strength in recent months. Many commentators now believe that the sector has recently been undervalued. There are those who draw attention to a potential lack of quality tenants in the short term, but as the medium term look increasingly positive many are now deciding to dip their toes back into this most traditional of investment vehicles.