HMRC has issued a consultation on various proposed changes to the filing and payment process – in particular a reduction in the time limit for filing and payment from 30 days to 14...23 September 2016
City office letting market on a roll
In light of this apparent optimism in the London office letting market, we're really pleased to announce that we've acted on two of the most significant deals in the quarter so far.
- 140,000 sq ft at Cannon Place, above Cannon Street Station which will be CMS Cameron McKenna's new London base of operations when they vacate their existing premises at Aldersgate Street; and
- 430,000 sq ft (almost all) of The Place (The Baby Shard) at London Bridge, which the newly split News Corp are moving into.
These deals, coupled with a number of other significant deals, plus the Google transaction at Kings Cross (where Hogan Lovells was also involved) are hopefully a sign that (say it quietly!) things are improving. The City office letting market has been kept going for the last few years by TMT-type occupiers and insurance-related occupiers. Whilst it might be a while before purely finance driven corporates come back, it is good to see occupiers having the confidence to take space.
Dion Panambalana who acted for both News Corp and CMS Cameron McKenna said, "One swallow doesn't make a summer, but maybe a few do. Winning Wimbledon, a second Yellow Jersey and a promising start to the Ashes, plus some major office lettings – what more could anybody want?"
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