London has a long and distinguished history as one of the leading cities in a variety of service industries. With over 4.3m people employed, London boasts the fifth largest urban economy worldwide.
One of the world’s most crucial financial hubs, London is an essential component in the global financial system. Financial services account for 12% of Britain’s total economic output and pay more in tax than any other industry. Represented by over 250 global banks, as well as around a third of all Fortune 500 companies, London is the world leading insurance and reinsurance market. In addition, they are the only city globally where all the top 20 insurance firms are active.
In addition, creative and technology sectors are rapidly growing in importance in London, turning the city into a hub for hi-tech industries. With areas such as the City Fringe, Aldgate, and the Silicon Roundabout in Shoreditch becoming massively successful hubs for both start-ups and established technology companies. In addition, many global technology companies such as Google, Facebook, Apple, and Snap have chosen to base their European offices in London, once again highlighting the importance of London as a creative and technology hub. Indeed, the growth in digital jobs is anticipated to outstrip all other sectors by 2020.
Having been based in Central London since 1962 we have seen many changes within the London property market. We are certain that London will continue to go from strength to strength, despite the uncertainty caused as a result of Brexit and the fluctuations in the value of the pound. For more information on our prime investment properties in London, take a look at our investment page. In addition, if you are looking to make this thriving global city the home of your business, take a look at our portfolio of prime Central London Commercial Space to let.
RIB’s Investment Team Complete on Sale of Finchley Road Property
The subject property comprises and A1 unit on the ground floor with ancillary basement space. It is located at 893 Finchley Road. The subject Finchley Road property is located on the Golders Green stretch of the road, in close proximity to Golders Green Station. It is located on West side of Finchley Road (A41), linking
Four Different Architectural Styles You Can Expect to Find in the West End
We love the range of properties in the West End and on World Architecture Day we look at some of the architectural styles which are common in the area. Art Deco: One of the most famous architectural styles, Art Deco first became popular in the early 20th Century reaching a zenith in the late 1920s
Hampstead Commercial Property for Sale by RIB’s Investment Team
We are delighted to have been instructed on the sale of a commercial property in the Frognal microlocation of Hampstead available with vacant possession. The subject Hampstead commercial property is located at Units 1 &2 Hampstead Gate, NW3 and comprises two recently refurbished interconnecting office buildings. The two buildings are capable of subdivision if a