Category: Kinney Green

Neil Warwick appointed Senior Partner.

We are delighted to announce that Neil Warwick Senior Partner Kinney Green now leads the firm as Senior Partner.

This promotion recognises the leadership, judgement, and commitment Neil has shown over many years. He has fulfilled the role with distinction and continues to lead as Head of Agency, playing a key role in the firm’s ongoing success.

Simon Isaacs, Equity Partner and Head of Professional Services, said: “Recognising Neil Warwick Senior Partner Kinney Green was an easy decision. His drive, determination, and enthusiasm for giving clients the right advice earn respect from clients and peers alike. His enjoyment of the work we do has shaped the culture we value at Kinney Green.”

Andrew Scott-Morris, Equity Partner and Head of Asset & Property Management, added: “Neil fully deserves this recognition. Since I joined, he has guided me and all team members with clarity and humour. He gives his time generously, makes the office an enjoyable place, and supports everyone around him. I’m thrilled to see him step into the Senior Partner role and look forward to celebrating together as a firm.”

Neil Warwick said: “I am very proud to become Senior Partner. Laurie Kinney founded the firm in 1972, and we have maintained an independent practice ever since. Our team provides clear, professional advice while building strong relationships with other firms in the market. We are in a period of growth, and I feel fortunate to work with talented and enthusiastic colleagues who share my passion for the business and value the relationships that make this industry so special.”

Kinney Green has started the year strongly. We look forward to building on this momentum and achieving continued success.

As spring begins, London’s property market continues to present strategic opportunities for occupiers and investors alike. The city’s evolving landscape requires careful insight to identify prime sites, assess viability constraints, and navigate complex acquisitions.

At Kinney Green, our team specialises in London real estate, combining deep local market knowledge with practical experience. We advise clients on land acquisition, off-market opportunities, and site assembly, ensuring that every project is evaluated thoroughly. Moreover, we help clients understand potential physical and regulatory constraints, allowing them to make informed, confident decisions.

Recent projects highlight the value of our approach. For example, we have supported major infrastructure schemes, assisted with complex site assemblies, and guided occupiers through leasing strategies. As a result, our clients can access opportunities that might otherwise go unnoticed.

Spring is also a season of heightened market activity, offering new avenues for investment and strategic planning. In addition, Kinney Green monitors emerging trends and changing market dynamics, helping clients stay ahead in a competitive environment.

By combining local insight, technical knowledge, and practical experience, Kinney Green delivers tailored solutions for high-stakes real estate projects. Therefore, whether advising on infrastructure initiatives, commercial acquisitions, or off-market opportunities, we ensure that clients are well-positioned to succeed in London’s dynamic property market.

Following MIPIM 2026, we spoke with our Head of Asset Management, Andrew Scott-Morris, about what really matters in today’s market.

Q&A insight…

Q: What stood out most this year?

A: “Two themes came through consistently , viability and sustainability. There’s no shortage of opportunity, but the challenge is delivery. Across panels and conversations at MIPIM 2026, the focus has shifted to how schemes actually work in practice. At the same time, sustainability is now embedded. Retrofit, reuse, and operational performance are fundamental to value , not optional extras.”

Q: What does that mean for investors and landlords?

A: “It means a move away from purely development-led strategies. Where viability is tight, the focus is increasingly on:

• Repositioning existing assets
• Targeted capital expenditure
• Improving income and operational performance

In many cases, active asset management is now the primary driver of value creation.”

Q: How important is professional advice in this environment?

A: “More important than ever. When margins are under pressure, decisions need to be based on robust, real-time advice, including lease advisory, accurate valuations, and investment guidance grounded in market reality.”

Q: What role do offices and agency play in growth?

A: “Offices remain a key

part of the market, but expectations have shifted. Performance is increasingly driven by quality, location, and experience. The right agency advice can materially impact outcomes.”

Q: What’s the overall takeaway from MIPIM 2026?

A: “The market is still full of opportunity, but it’s more disciplined. Success depends on understanding viability, integrating sustainability, and applying advice early. Execution is now the differentiator.”

A valuable week at MIPIM 2026 reinforced that performance is driven by insight, execution, and the right advice at the right time.

Guinness all around for St Patrick’s Day

The team at Kinney Green took a moment to raise a glass this St. Patrick’s Day! 🍀 It’s always nice to enjoy a bit of fun together and celebrate as a team. Next year, we might all be in green shirts, we’ll see if management approves!

With a pint in hand, we celebrated the day and the great teamwork that makes our workplace so special. It’s little moments like these that remind us why working with such a dedicated team is always rewarding.

At Kinney Green, we pride ourselves on helping clients navigate Central London’s retail and property market. From business rates to lease renewals and property decisions, our experts are here to guide clients every step of the way. Taking a moment to celebrate together helps us recharge, bond, and continue providing the high-quality service our clients expect.

St. Patrick’s Day is the perfect reminder that while property and retail work can be challenging, it’s important to take time to enjoy the people you work with. Whether it’s sharing a laugh over a pint, brainstorming ideas for a project, or planning new ways to support clients, teamwork is at the heart of everything we do at Kinney Green.

Here’s to teamwork, laughter, and plenty of opportunities around every corner, happy St. Patrick’s Day from all of us at Kinney Green!

Kinney Green Chartered Surveyors and Property Consultants are experts in Central London retail and property markets. For advice on business rates, lease renewals, or property decisions, contact Neil Warwick for professional guidance.

Rent Reviews from Simon Isaacs

Head of Professional Services, Simon Isaacs, was invited to present to the real estate team at VWV Solicitors last week. The topic was rent reviews from a surveyor perspective.

During his presentation, Simon explained the practical and legal challenges surveyors face with complex or onerous rent review provisions. He highlighted common pitfalls and shared strategies for accurate valuation. He also discussed how to approach negotiations to achieve fair outcomes for both landlords and tenants.

Rent reviews are a key part of commercial lease management. Getting them wrong can lead to disputes or costly delays. By sharing his insights, Simon helped attendees understand how surveyors use professional judgment, market knowledge, and statutory frameworks to conduct rent reviews effectively.

It has been a busy start to the year for Simon and the Professional Services team at Kinney Green. Last month, Simon appeared as an Expert Witness in a high-profile Dilapidations dispute heard at the Royal Court of Justice. This experience reinforces the team’s deep understanding of complex lease matters. These include rent reviews, lease renewals, and tenant obligations.

Simon also discussed how rent reviews from a surveyor perspective can be influenced by market conditions, lease clauses, and valuation methods. He outlined practical tips for landlords and tenants to avoid disputes and maintain positive commercial relationships.

If you require expert advice on rent reviews or any other lease matters, please contact Simon Isaacs, Henry Ward, or Hugo Hayes. Kinney Green’s Professional Services team provides tailored guidance to help clients manage commercial property challenges efficiently.

Dr Martens London HQ Secures 20 Whitfield Street

Dr Martens London HQ has signed a 15-year lease for 40,410 sq ft at 20 Whitfield Street, London. With this move, Kinney Green advised Dr Martens on the lease. The brand is consolidating its London operations into a single, modern, high-quality workspace. This relocation brings staff from two offices together in one central location. As a result, the company creates a collaborative and flexible working environment.

Meanwhile, Global Holdings Management Group acquired the former transport police building in 2023. They are completing a comprehensive refurbishment this year. As part of the project, designed by Hale Brown Architects and delivered by contractor Make One, several key upgrades are being implemented:

• New facades and exterior improvements to give the building a fresh, modern appearance

• Multiple terraces to provide outdoor space for occupiers

• Cycle storage and commuter facilities to support sustainable transport

• An additional penthouse floor, adding premium office space

• Modern interiors with flexible layouts and collaborative workspace design

In addition, Dr Martens’ relocation ensures employees benefit from premium facilities, excellent natural daylight, and modern amenities. Furthermore, the move reflects the growing demand for well-designed offices in London’s prime business districts.

Josh Lawrence, CEO of Global Holdings Management Group UK, said:

“20 Whitfield Street is a prime workspace in London. Moreover, we worked closely with our design partners to create an environment that attracts and retains talent. It also enables collaboration. Exceptional design and amenities are why premium occupiers like Dr Martens choose our buildings.”

Kinney Green’s role in advising Dr Martens highlights our expertise in occupier-led office transactions. We ensured a smooth and efficient relocation process.

Overall, this lease shows the appeal of 20 Whitfield Street as a premium London office space. It is ideal for companies seeking flexible, modern, and high-quality workspaces that enhance employee experience while also supporting business growth.

Fully Refurbished Office Suites at 72 Cannon Street, Moments from Cannon Street Station

We’re pleased to be marketing 72 Cannon Street offices on behalf of our client, The Milton Group Ltd. Located immediately next to Cannon Street Station, this building offers high-quality office suites that have been substantially refurbished, fully fitted, and furnished. All floors are ready to occupy.

Available Floors:

• 1st Floor – 1,756 sq ft (immediate occupation)

• 2nd Floor – 1,810 sq ft (undergoing full refurbishment; available shortly)

• 4th Floor – 1,840 sq ft (immediate occupation)

All floors benefit from a brand new Landlord Cat B fit-out. They also feature excellent natural daylight, modern LED lighting, and air-conditioning. In addition, the building provides fibre connectivity, a new passenger lift, bicycle storage, shower facilities, and 24-hour access.

This is a fantastic opportunity for occupiers seeking high-quality fitted workspace in the heart of the City of London. The 72 Cannon Street offices offer excellent access to transport links, local amenities, and prestigious surroundings. Whether you are a growing business or an established firm, these offices combine convenience, style, and functionality.

Kinney Green’s team is available to arrange viewings or provide further information. Contact Neil Warwick, Emma Burgess, Jo Gospage, or Charles Fogg, or our joint agents at STAGE RE.

Increasing Vigilance and Safety Measures

As the popularity of electric vehicles and portable devices powered by lithium-ion batteries continues to rise, so does the concern over safety. Recent reports indicate a significant increase in lithium-ion battery fires, with a staggering 150% surge in incidents by September 2022 compared to the previous year. These fires have struck not only electric cars but also smaller vehicles like e-scooters and e-bikes. Some incidents have been linked to unsafe conversion kits and non-compliant batteries purchased online.

Recognizing the Danger

Lithium-ion batteries can generate toxic gases and ignite fires or explosions when damaged or overheated. Identifying warning signs can save lives. If your device or vehicle shows any of the following, take immediate action:

• Heat: Excessive heat during charging or use may indicate a defective battery.
• Bulging: A swollen or misshapen battery is a clear sign of trouble.
• Noise: Strange hissing or cracking sounds from the battery.
• Smell: Unusual or strong odors coming from the battery.
• Performance: Longer charge times or a failure to charge fully.

If you notice any of these signs, shut off the device, unplug it, and contact the manufacturer or retailer promptly. Following these steps reduces the risk of a catastrophic fire.

Reducing the Risk

To improve the safety of your e-bike or e-scooter charging practices, follow these measures:

• Stay Vigilant: Be on the lookout for signs of battery failure.
• Avoid Unattended Charging: Never leave your battery charging while you are away or sleeping.
• Check for Safety Standards: Ensure your battery and charger meet UK safety standards.
• Let It Cool: Allow the battery to cool before charging.
• Unplug After Charging: Once the battery is fully charged, disconnect the charger.
• Install Smoke Alarms: Place smoke alarms in areas where you charge your batteries.
• The Chartered Trading Standards Institute also warns against purchasing non-compliant devices, urging consumers to:
• Buy from Reputable Retailers: Purchase e-bikes, e-scooters, chargers, and batteries from trusted retailers.
• Avoid Counterfeit Products: Do not buy counterfeit batteries or chargers and ensure devices display a valid UKCA or CE mark.
• Check Compatibility: Confirm that separate components, such as batteries and chargers, are compatible.
• Register Products: Register your products with the manufacturer to validate warranties and safety recalls.
• Verify Recalls: Ensure that your purchases are not subject to a product recall by checking Electrical Safety First’s website.

Additional Risks and Proper Disposal

Lithium-ion batteries pose other risks beyond personal safety:

• Maintenance workers: People handling high-voltage lithium-ion batteries risk electric shock or fire when dealing with damaged batteries. “Stranded” energy in damaged cells can reignite.

• Safe disposal: Improper disposal causes nearly 700 fires annually in the UK. Lithium-ion batteries should never go in household rubbish or regular recycling. Check your local authority’s website for proper disposal guidelines.

By staying vigilant and following these precautions, we can all help create a safer environment for electric vehicles and devices powered by lithium-ion batteries. This reduces the risk of catastrophic fires and environmental hazards.

This article provides the latest UK landlord tenant updates, covering rent protections, insolvency rules, and planning reforms. These changes affect landlords, tenants, and commercial property use in 2026.

New Government Changes to Landlords and Tenants

The UK government has extended the Coronavirus Act measures to protect struggling businesses from lease forfeiture. The extension runs from 30 September to 31 December 2020. This prevents landlords from terminating a tenant’s lease if the tenant cannot pay rent over the next three months. Many businesses in England and Wales have their next quarterly rent due on 29 September.

During this period, landlords cannot use Commercial Rent Arrears Recovery (CRAR) unless tenants owe 276 days of rent.

The government has introduced regulations in parliament to extend restrictions on filing statutory demands and winding-up petitions against companies. If approved, these restrictions on debt recovery through insolvency will continue until 31 December 2020. The restrictions do not apply to statutory demands or bankruptcy petitions against sole traders or unincorporated partnerships.

The government encourages landlords and tenants to follow the Code of Practice for the commercial property sector. It advises both sides to work together on rent payment options when businesses struggle. Businesses that can pay rent should continue to do so.

Key Planning Changes

• A new Use Class E covers shops (formerly A1), financial and business services (A2), restaurants and cafes (A3), and business (B1). Properties in these uses no longer require planning permission for changes within this class.

• Landlords and developers can raise the height of existing buildings by up to two floors to build flats without planning permission.

• They can also demolish underused buildings and replace them with new blocks of flats without planning permission.

• These measures give landlords and tenants more flexibility in property use. They also allow businesses to adjust their models more easily. These UK landlord tenant updates ensure everyone understands how planning reforms affect property use and future rent agreements.

• Careful legal drafting is essential to ensure landlords retain control over building use. It also protects tenants from unfair outcomes in future rent reviews.

This COVID-19 update from Kinney Green provides information on how our team is responding to the evolving Coronavirus situation. We remain committed to supporting our clients safely while following all government and health authority guidelines. Our priority is the health of our staff and the people we serve.

We are closely monitoring the COVID-19 outbreak and will keep you informed as the situation develops. Kinney Green is a resilient business, and while we take appropriate precautions, we continue to operate prudently in all areas. Our goal is to ensure uninterrupted support for our contacts and clients.

To protect staff and their families, we are operating a limited workforce on-site. Many employees are working remotely, and phone lines are being diverted to mobile devices so that clients can reach their usual contacts without disruption.

We have implemented additional safety measures in the office, including enhanced cleaning, social distancing, and regular health monitoring. These steps allow us to maintain essential on-site operations safely.

Clients can continue to reach their regular Kinney Green contacts as usual. We encourage using phone, email, and virtual meetings wherever possible to minimize in-person contact. Our team is prioritizing urgent matters to ensure that all client needs are met promptly.

We will provide ongoing updates as the situation changes. Please refer to this COVID-19 update from Kinney Green regularly to stay informed about our operations and any adjustments to our services.

We thank you for your cooperation and understanding during these challenging times. By following these measures, we aim to protect our team while continuing to deliver the high level of service our clients expect.

On Thursday 6th February, the Kinney Green quiz night 2020 took place in aid of The House of St Barnabas. The event supported their fantastic programs that help homeless people get back on their feet and into work.

It was a great success, with all tables sold out and a final total of £1,500 raised!

The battle for first place was hard fought, but ‘It’s Not Fair-Brother’ (Farebrother) claimed the top spot, taking home a case of wine and a prestigious trophy. ‘Matthews and Up To No Good-Man’ (Matthews & Goodman) came in second, and ‘The House Team’ (The House of St Barnabas) achieved third place.

The raffle and auction were also very successful:

• Mike Breese (Cre8te Design) won a signed 2019 World Cup England Rugby ball.

• Rohini Jain (House of St Barnabas) won Camp Bestival tickets.

A huge thank you to everyone who attended. Your generosity, enthusiasm, and passion for the questions (maybe a bit too much at times!) made the quiz night truly special for both Kinney Green and The House of St Barnabas.

This Kinney Green quiz night 2020 was a memorable evening, raising funds and awareness for a fantastic cause while bringing together friends, clients, and colleagues.

The Kinney Green Clean City Awards recognition highlights our commitment to responsible waste management and sustainability. On 7th February, members of our Property Management team attended the awards ceremony at Mansion House in the City of London.

Jacob Bearman and James Tattersall represented Kinney Green at the event. The ceremony recognises organisations that lead the way in environmental performance and sustainable practices across the City. It also celebrates businesses that actively work to reduce their environmental impact.

Kinney Green received a Gold Award with Special Commendation for our buildings at 5 Fleet Place and Monument Place. This achievement reflects the dedication and hard work of both our management and on-site teams. Their efforts continue to improve environmental standards across our portfolio.

The Clean City Awards scheme rewards organisations that demonstrate excellence in waste management. It encourages businesses to adopt innovative approaches and maintain high operational standards. As a result, it plays an important role in promoting sustainability within the built environment.

At Kinney Green, we remain committed to finding new and effective ways to manage waste responsibly. Our teams regularly review processes and introduce improvements to reduce environmental impact. We also work closely with occupiers and contractors to ensure best practices are followed at all times.

This Kinney Green Clean City Awards success reflects our ongoing focus on sustainability and environmental responsibility. We will continue to build on this achievement and support initiatives that create a cleaner and more sustainable City of London.

Kinney Green Clean City Award – Gold and Special Commendation

The Kinney Green Clean City Award success highlights our continued commitment to responsible waste management and sustainability. This year, Kinney Green Property Management has gone one better in the Clean City Award Scheme. As a result, we retained one Gold Award and also achieved a Gold Award with Special Commendation.

The Clean City Award Scheme (CCAS) promotes awareness of responsible waste management among businesses across the City of London. In addition, it recognises organisations that take active steps to reduce waste and improve environmental performance.

Our building managers have played a key role in achieving this recognition. For example, they continue to introduce new initiatives and work closely with occupiers. Here is what they had to say:

Jerry Paddon – Fleet Place
“We retained this award by continuing to manage our waste in a professional manner, with none of our waste going to landfill. Furthermore, in 2018 we are extending our green credentials by introducing food waste and coffee ground collections with one of our largest occupiers. As a result, through tenant liaison, our occupiers are switching to reusable cups, which will reduce waste further.”

Del Shadid – Monument Street
“We have engaged with our tenants by inviting our waste management partners to attend meetings. This supports the aims of the CCAS and, in turn, promotes the importance of recycling. This year, we will carry out an audit into food waste and explore how to ensure it is disposed of sustainably.”

Alongside waste management, we continue to focus on improving energy efficiency. Following this, and after the introduction of MEES, we are exploring alternative ways to reduce energy consumption across our properties. In addition, we work closely with occupiers to identify areas where energy use can be reduced and environmental performance improved.

This Kinney Green Clean City Award achievement reflects the dedication of our teams and our ongoing commitment to sustainability. Overall, we will continue to develop innovative solutions to reduce waste and improve energy efficiency across our portfolio.

For further information, please contact:
Stephen Griffiths
s.griffiths@kinneygreen.com

GOSH Nursery Bloomsbury – Long Yard Acquisition for Great Ormond Street Hospital

The GOSH nursery Bloomsbury project represents an important step in supporting staff at Great Ormond Street Hospital. Kinney Green is pleased to announce that, on behalf of GOSH, we have acquired the long leasehold interest in 8–9 Long Yard, Bloomsbury, London WC1.

This self-contained building is located in a quiet cul-de-sac, just off the historic Lamb’s Conduit Street. It provides approximately 6,000 sq ft of space across three floors. Previously, the property operated as a residential assessment and treatment centre with a Class C2 planning use. However, it is now being fully refurbished to meet new requirements.

As part of this redevelopment, the building will become a dedicated nursery for hospital staff. Importantly, the site is only a two-minute walk from Great Ormond Street Hospital. As a result, it will provide convenient childcare for employees and support working families.

The GOSH nursery Bloomsbury is due to open in August. Once completed, it will free up valuable clinical space within the hospital’s existing property portfolio. This, in turn, allows the hospital to focus more resources on patient care and essential services.

In addition, the nursery fits well within the surrounding Bloomsbury area. The neighbourhood offers a mix of independent businesses, including food co-operatives, boutique shops, bookshops, and a range of bars and restaurants. Therefore, the new facility complements the local environment while enhancing its appeal.

Overall, this project highlights Kinney Green’s ability to deliver practical property solutions for key institutions. Furthermore, it demonstrates how thoughtful development can support both operational needs and the wider community.

For further information, please contact:
Neil Warwick BSc MRICS
DDI: 020 7643 1531
n.warwick@kinneygreen.com

UK Casual Dining Market 2018 – Challenges and Opportunities

The UK casual dining market 2018 has seen a dramatic shift, despite what initially appeared to be a positive year. Dubbed the Year of the Dog, 2018 promised luck, fortune, and opportunity. Early highlights reinforced this optimism, from the widely praised Winter Olympics in Pyeongchang to major royal celebrations in the UK.

However, beneath this positive outlook, the restaurant sector has faced significant challenges. In fact, 2018 has not been the year of the restaurant. A wave of closures and restructuring has affected well-known casual dining brands. Chains such as Byron, Jamie’s Italian, Prezzo, and Strada have all faced financial pressure, with Company Voluntary Arrangements (CVAs) and site closures becoming increasingly common.

So, what has caused this downturn in the UK casual dining market 2018? A combination of rising costs and changing consumer behaviour has created a perfect storm. Increasing staff wages, higher food costs, and rising rents and business rates have placed significant pressure on operators. At the same time, consumer confidence and disposable income have declined, partly influenced by wider economic uncertainty.

Furthermore, the sector has experienced rapid expansion over the past two decades. During the 2000s and early 2010s, many restaurant chains grew aggressively, often supported by cheap debt and private equity investment. Brands such as PizzaExpress, Nando’s, and Zizzi expanded rapidly, while newer entrants like Franco Manca and Honest Burgers added further competition. As a result, the market became oversaturated.

Consumers now have more choice than ever before. However, they are dining out less frequently. Therefore, increased competition combined with fewer customers has created a challenging trading environment. Simply put, higher costs, more competition, and reduced demand have formed a difficult formula for success.

In addition, changing consumer expectations play a key role. Diners now seek unique and high-quality experiences. As a result, outdated or uninspiring concepts struggle to survive. Much like Darwin’s theory of natural selection, only the strongest and most innovative brands will continue to thrive.

Despite these challenges, opportunities remain. For every failing concept, a new and innovative one emerges. This is particularly evident in London, where demand for well-located restaurant space continues. The restaurant team at Kinney Green works with a wide range of A3, A4, and A5 occupiers actively seeking new opportunities.

Kinney Green is currently marketing several retail and leisure units, including a standout former banking hall located just three minutes from Bank in the City of London. This prime site offers approximately 8,600 sq ft of restaurant space and represents a significant opportunity for the right operator.

Overall, the UK casual dining market 2018 reflects both challenge and change. While some operators struggle, others adapt and succeed. The sector continues to evolve, driven by innovation, consumer demand, and economic conditions.

Kinney Green advises on all aspects of retail and leisure property, including rent reviews, lease renewals, acquisitions, and disposals.

For further information, please contact:
Neil Warwick
DDI: 020 7643 1531

Our West End Agency Partner looks back over 20 years from the opening of our West End office.

The Kinney Green West End office marks an important milestone as we celebrate 20 years since opening in January 1998. Over the past two decades, the London property market has evolved significantly. We are proud to have been part of that journey.

We originally opened at 18 Hanover Street, above what was then a Lotus showroom. After 10 years, we moved to Bruton Place. Many summer afternoons were spent discussing market trends with colleagues and competitors outside the well-known Guinea Grill. We later relocated briefly to North Row. In June last year, we moved to our current premises on Park Street, W1.

Since the launch of the Kinney Green West End office, more than 70,000,000 sq ft of new office space has been created in London. To put this into perspective, this is roughly equal to the entire office stock of Singapore. We operate as a niche practice. However, we are proud of the role we have played. Our clients continue to value the service we provide.

There have been many highlights during this time. For example, the £100 per sq ft rental barrier was first achieved at 25 Hanover Square in Mayfair in 2008. In addition, major projects such as Crossrail, Paddington, and King’s Cross have transformed key parts of London. These areas now stand as strong submarkets in their own right.

Furthermore, the property market has seen major structural change. Advances in technology are now essential for business success. At the same time, the serviced office sector has grown rapidly. As a result, flexible working has become more common. Shorter lease terms are now the norm. The traditional 25-year lease is now rare.

The wider economy has also influenced the market. Key events include the launch of Google in 1998, the introduction of the Euro in 1999, and the Brexit vote in 2016. Meanwhile, London’s skyline has changed dramatically. Landmarks such as the Shard, the Gherkin, and the London Eye now define the city.

Despite these changes, one thing remains constant. London continues to be one of the world’s leading international cities. The Kinney Green West End office is now firmly established. It continues to support clients across the capital.

Looking ahead, we remain optimistic about the future. We look forward to the opportunities ahead. Here’s to the next 20 years.

For further information, please contact:
Kevin Kemplen
020 7495 1222
k.kemplen@kinneygreen.com

Kinney Green Industrial has successfully completed the sale and leaseback of Essence House at Thorpe Industrial Estate in Egham (TW20 8RN). The deal includes two multi-let industrial units totalling approximately 20,000 sq ft. We acted on behalf of an international client throughout the transaction.

This deal demonstrates the continued strength of the UK industrial property market. Demand remains high across the sector, while supply continues to fall. Developers and local authorities repurpose around 270 acres of industrial land each year, which further restricts availability.

We adopted a targeted marketing strategy and approached a select group of known parties. This approach generated strong interest and competitive tension. As a result, multiple parties engaged with the opportunity.

The property achieved a sale price of £3,805,000, which exceeded the quoting figure. This result reflects a net initial yield (NIY) of 5.7% after purchaser’s costs at 6.7%. It also represents a capital value of £190 per sq ft.

These results highlight strong investor confidence in the sector. Buyers continue to prioritise well-located, multi-let industrial assets. Egham attracts sustained interest due to its strong transport links and strategic position.

Sale and leaseback transactions continue to appeal to both occupiers and investors. Occupiers unlock capital while maintaining operational control of their premises. At the same time, investors secure stable and reliable income streams.

Kinney Green Industrial provides expert advice across the commercial property sector. Our services include acquisitions, disposals, rent reviews, lease renewals, and business rates. We combine market insight with a proactive approach to deliver strong outcomes for our clients.

If you need advice on industrial property, contact Neil Warwick today. We are happy to arrange an informal, no-obligation conversation.

MEES regulations UK commercial property are becoming increasingly important for landlords and tenants. But first, let’s talk about Blue Planet II. A BBC documentary that has gripped the nation. Sinking into your sofa on an autumnal Sunday night was the best way to forget about the approaching Monday Blues. The show is presented and narrated by David Attenborough, a true national treasure. Its music is composed by Hans Zimmer. What more could you want? The series combines skilled cinematography with an intricate score. It educates viewers and promotes awareness of sustainability.

So why am I talking about Blue Planet II? The Built Environment contributes 22% of UK carbon emissions. This is a sobering statistic. Therefore, we must ask: what is the Built Environment doing to reduce this figure? Let’s just say, a lot more could be done. MEES regulations UK commercial property actively encourage improvements in energy efficiency and compliance.

Legislation currently drives sustainability. In particular, the government introduced Minimum Energy Efficiency Standards (MEES). However, the guidance document is somewhat ambiguous. As a result, property owners will likely face a range of legal interpretations and case law in the future.

MEES targets buildings rated F or G, which are the major culprits of high carbon emissions. In addition, it sends a warning to properties rated D and E. Stricter assessments and new technology continue to raise the standards.

Landlords and tenants should act before the enforcement date of 1 April 2018. It applies to all non-domestic properties seeking a new lease or lease renewal. Buildings with an EPC rating of E or higher will pass easily. In contrast, buildings rated F or G face restrictions unless landlords register an exemption on the government’s ‘Exemption Register.’

Although MEES may cause headaches, it represents a step in the right direction. Our generation must lead on sustainability in the Built Environment. Moreover, legislation such as MEES is paving the way for positive change.

For example, if your property falls below standard, you should contact Stephen Griffiths. He can provide guidance and practical solutions to ensure compliance.

I heard something truly shocking the other day: the number of London pubs fell by a quarter between 2001 and 2016. In just 15 years, the capital went from 4,835 pubs down to 3,615. That’s a loss of 1,220, or roughly 81 per year.

The reasons for this decline are well known. Rising rents, higher business rates, increased wages, and the smoking ban have all played a part. But these factors don’t tell the full story. Other forces are reshaping the social scene.

Diversify or Die

Over the past year, the Kinney Green Leisure team has seen an astonishing variety of requests. From laser tag arenas to bridge bars, the 21st-century Londoner demands more than just a pint and a jukebox.

Bars with a clear focus are thriving. Flight Club makes darts a social spectacle. Bounce puts ping pong at the centre of the evening’s fun. Spaces like Pop Brixton and Boxpark offer something new: part restaurant, part bar, and not quite a club. These “fourthspaces” are hugely popular with both retailers and punters.

Pop Brixton, built on disused land in the heart of Brixton, has given chefs, brewers, and mixologists a platform to showcase their talents. Success stories abound. My favourite is Kricket. It grew from a tiny Brixton stall into a critically acclaimed Soho restaurant, with queues permanently outside its Denman Street doors.

Creativity in repurposing space is particularly exciting in retail property. I can’t wait to see the UK’s largest foodhall open in the now-defunct BHS Oxford Street. It will span 36,000 sq.ft, featuring 25 restaurants and four bars, curated by Simon Anderson of Pitt Cue Co. fame.

Changing Tastes, Changing Times

Attitudes and tastes are evolving. Diners now want artisan Gloucester Old Spot Pork Pies with their small-batch gin and tonics. Some enjoy minimalist bass lines with their Caipirinhas. Others prefer a game of Buckaroo with their Guinness.

As London pubs continue to decline, innovative social spaces are stepping in to meet these new demands. But it’s important to remember the roots of our city’s drinking culture. Spare a thought for where it all began. Pay a visit to your Rose & Crown, pop into your Lamb & Flag, and support your London pubs. These historic locals must coexist alongside modern venues like Boxpark.

Kinney Green Chartered Surveyors and Property Consultants are experts in Central London retail markets. For advice on business rates, lease renewals, or property decisions, contact Neil Warwick for professional guidance.

Transport for London (TfL) has confirmed that the cost of acquiring land for the Crossrail 2 project is likely to increase. Crossrail 2 safeguarding costs are expected to rise due to gaps in current protections.

Recent reports highlight concerns about sections of the proposed route. Some areas remain at risk because safeguarding measures do not cover all required land. This lack of protection could allow development to take place. As a result, Crossrail 2 safeguarding costs may increase if TfL must buy the land later.

Safeguarding is a formal process carried out by the Department for Transport (DfT). It protects land needed for major infrastructure projects. Without it, developers can build on land that may later be required. This can significantly increase acquisition costs.

TfL had planned to update safeguarding measures after a new round of public consultation. This was originally scheduled for early 2018. However, the process has been delayed. It is now expected in the first quarter of 2019. This delay will push back the Hybrid Bill submission. It is now likely to move from May 2020 to the early 2020s.

Kinney Green continues to monitor developments related to Crossrail 2. The firm is updating landowners and businesses that may be affected. For further information, please contact Neil Warwick.

From university to the London office market

By Becky Huckstep, Graduate Surveyor

The London office market has been my focus since I joined Kinney Green’s City and Midtown office agency team in September 2017. Working under Neil Warwick, I have seen firsthand how BREXIT and market uncertainty can influence investor sentiment, yet the market has also shown resilience and steady growth.

Despite frequent talk of uncertainty, 2017 was a strong year for the London office market. City office take-up exceeded 2016 by 26%, reflecting rising confidence among occupiers. Overseas investors, particularly from Asia, continued to view London as a safe destination for capital, driving significant activity in key locations.

Keeping up with market trends is vital for my role and my APC training. Reading reports, analyzing transactions, and monitoring leasing patterns help me understand the bigger picture. I have found observing the influx of international investors particularly insightful, as it highlights which building types and locations are most in demand.

Networking is equally important. Thursday evenings at The Loop in the West End have become a regular fixture, serving as both a social and professional meeting point for University of Reading alumni and property peers. Sharing experiences and industry insights has strengthened my connections and broadened my understanding of the market.

The festive season also provided opportunities to connect. The Kinney Green Christmas party at The Wilmington Arms in Farringdon ended with lively celebrations at Piano Works, creating lasting memories and reinforcing professional relationships.

Looking ahead to 2018, I am excited to continue my career in the London office market, progressing through my APC and working toward becoming a Chartered Surveyor. The sector remains vibrant and resilient, with opportunities for early-career professionals. I am particularly interested in emerging trends such as coworking spaces and flexible office solutions, which reflect the evolving demands of modern workplaces.

Christmas is my favourite time of the year, a time for indulgence: mulled wine, pigs in blankets, cosy pubs with open fires, and, most importantly, moments spent with friends and family. But Christmas also brings an annual chore: the unavoidable task of Christmas shopping.

I am terrible at Christmas shopping, catastrophically awful, in fact. Before moving to London, I used a simple cheat: I popped to the local Tesco on Christmas Eve and bought everyone in my close family a litre of gin. If my parents got lucky, I might even grab a bottle of wine from their own wine rack, gift-wrap it, and hand it to them lovingly.

Times have changed. I no longer have youth or poverty as excuses, I now work in the big city. Recycled bottles of wine and 40% spirits no longer impress anyone; expectations are higher. I refused to visit Oxford or Regent Street in December, and Westfield remained off-limits. It was time to get creative.

Then, a Christmas miracle happened. My colleague, a loyal comrade in the fight against Christmas shopping, leaned over and said two magical words: “Amazon Prime.” Silence followed. Then he added even more magical words: “Free trial.” I was sold.

In the following weeks, I ordered gifts of Gold (Pandora bracelet), Frankincense (J’Adore Dior perfume), and Myrrh (slippers for Nan…), and the courier hand-delivered them to my desk within 24 hours. The game had changed. Online Christmas shopping had turned the annual chore into a breeze. Rejoice!

Retail attitudes are changing rapidly. Figures show that retailers with strong online shopping operations perform admirably. High street stalwart NEXT increased its online sales by 13.6% in the eight weeks leading up to 24th December 2017. Online fashion retailer BooHoo doubled its revenues to £228m in the four months ending December 2018.

The rise in online shopping puts pressure on the high street. Many retailers close shops to consolidate their portfolios—M&S recently announced several store closures. The A3 restaurant sector faces similar challenges: consumers enjoy more choice, which forces casualties on the high street. Byron Burger recently closed around 20 sites and considered a CVA agreement for remaining locations to stay afloat.

While retail struggles, the industrial sector thrives. Prime rents are soaring, yields are sharpening, and capital values are reaching new heights. Well-located, high-spec warehouse space drives online retail, so much so that in 2016, Amazon accounted for 25% of all industrial lettings in the UK. Developers now commonly secure pre-lets on prime industrial space, and “super-sheds” of up to 1 million sq. ft. remain in high demand nationwide.

At Kinney Green, we specialize in central London office and retail sectors, as well as industrial property across the South East. If you need commercial property advice, our professionals can help—contact details appear in the ‘About Us’ tab above.

A new Electronic Communications Code now governs telecommunications apparatus on land and buildings. The code gives telecommunication network operators the right to take property owners to court if they refuse permission to install equipment, such as mobile phone masts. It also limits landlords’ ability to remove apparatus when leases expire.

Landlords who host apparatus on their property should seek professional advice to understand how the code may affect their property value.

The government wants to align rents with those paid by utilities and other essential service providers through a “no scheme” valuation system. The code now values land based on what the landowner receives rather than what the operator would pay. This change will likely reduce rents and compensation for land use. Landlords may face higher costs due to disputes over compensation rates.

Operators can now upgrade or share their equipment without seeking landlord consent. Landlords will lose the ability to earn extra income from additional apparatus or site-sharing agreements. If an operator assigns its rights in the equipment or lease, landlords cannot negotiate new terms.

The new code explicitly prohibits landlords from contracting out. Landlords cannot secure terms that are more favourable than those specified in the code.

If landowners refuse consent for equipment installation, the code provides a faster dispute resolution process. This change reduces delays and legal costs.

Operators cannot rely on the Landlord and Tenant Act 1954 for security of tenure under the new code. Landlords must follow termination procedures, but the code clarifies when they can remove apparatus. If operators fail to issue a counter-notice, landlords may remove equipment once code rights expire.

The code applies only after it comes into effect and does not affect existing contracts.

Previously, rents made hosting telecommunications equipment an attractive option for landowners. The “no scheme” valuation system will likely reduce these returns. In addition, the inability to contract out places landlords in a weaker negotiating position compared to the old code.

Landlords with telecommunications apparatus on their land or buildings should seek valuation and legal advice to understand the new Electronic Communications Code. For guidance, contact Chris Jakes.

Heathrow has revealed detailed plans for its Heathrow Airport expansion, including major changes to the A4, M25, terminal buildings, and a new third runway.

The airport has launched a 10-week public consultation and is inviting residents to share their views. It is also asking for feedback on potential rules for redesigning airspace.

Heathrow has not yet designed any flight paths. It will submit a planning application after completing further consultation. The airport plans to begin construction in early 2021 and aims to complete the runway by the end of 2025.

To deliver the Heathrow Airport expansion, Heathrow will acquire land, businesses, and residential property through Compulsory Purchase Powers. You can find more information about Kinney Green’s services here: https://www.kinneygreen.com/professional/compulsory-purchase/

For more details on the consultation, visit: www.heathrowconsultation.com