Construction growth in the three months to June was at its highest peak since the start of the year, driven by a renewed strengthening of non-residential properties, according to new figures from industry analysts Glenigan. Following reports from the Confederation of British Industry (CBI) that the economy is growing at its fastest pace since its records began in 2003,the Glenigan Index, which covers the value of projects starting in the UK over the previous three months, is 20 per cent higher than a year ago. Its non-residential index is up by 24 per cent compared to the same period in 2013, the strongest rate of growth seen since the three months to January of this year; largely fuelled by the private sector, with the industrial, office and hotel and leisure sectors all seeing healthy improvements. (more…)

In one of the most substantial West End lettings this year, global asset and investment manager, Tudor Capital Europe LLP is to locate its new UK headquarters to Crown Estate’s 10 New Burlington Street development. The firm will move into some 40,000 sq ft across two floors at the £250m redevelopment, which forms part of Regent Street’s £1 billion regeneration. This follows on from a 30,000 sq ft letting to Ares Management at the same building. The addition of Tudor Capital Europe to the line-up at 10 New Burlington Street means the office element (around 100,000 sq ft) is 75 per cent let at completion. The move illustrates strong demand for office accommodation on Regent Street, where office take up rose by 90 per cent in the 12 months prior to March 2014, compared to an increase of 31 per cent over the wider West End in the same time span. (more…)