Articles by Damian Shepherd and Jack Sidders

Lloyd’s Register to Sell Modern Tower and Return to Victorian HQ

Lloyd’s Register, the maritime society formed in a London coffee house in 1760, has put its modern glass headquarters up for sale as it prepares to move back into the property built to house it more than a century ago. …

City of London’s Tallest Tower Fully Leased With RiverStone International Deal

The tallest skyscraper in the City of London financial district has reached full occupancy just over four years after it was completed. RiverStone International, a holding company that acquires insurance businesses, has leased the final remaining floor at 22 Bishopsgate, …

London Defers Tallest Tower Decision Amid Neighbors’ Objections, Including Lloyd’s

The City of London Corporation deferred a vote on plans for a new 73-story office tower next to the Gherkin that’s set to become the tallest building in the historic financial district. The City Corporation’s planning committee voted Tuesday to …

City of London Is Relaxed About the Prospect of a Labour Election Win

In the City of London, executives are looking forward to the imminent general election as a chance for clarity after a turbulent few years. Matthew Beesley, chief executive officer at Jupiter Fund Management Plc, said markets are not afraid of …

Loan Deadline Looms for China Life Canary Wharf Tower

China Life Insurance Co. is in crunch talks with lenders to an office tower in Canary Wharf to help stave off the locality’s third potential major default, as the eastern financial district of London grapples with some of the city’s …

UK Commercial Property Defaults Rise as Rate Hikes Hit Borrowers

The number of soured commercial real estate loans has begun to rise in the UK as the rapid increase in interest rates feeds through to property valuations. The overall default rate on UK commercial real estate debt reached 4% in …

Europe Braces for a Sharp, Abrupt Real Estate Reversal

Turmoil at trophy properties in London and Frankfurt offer a glimpse of the damage awaiting European real estate investors as they face the sharpest reversal on record. From a fraught refinancing process for an office building in the City of …

UK Regulator Pushes Insurers to Cut Premiums for Fire-Risk Apartments

Thousands of people living in high-rise apartments in Britain are set to get better deals on their property insurance following years of spiraling costs in the wake of the Grenfell Tower tragedy. The Financial Conduct Authority is expected to push …

UK Homebuilders Commit More Than £2B to Fix Fire Safety Issues

Developers responsible for building half of the new homes in the UK have committed more than 2 billion pounds ($2.6 billion) to help fix safety issues. So far 35 developers have made commitments to fix issues on buildings that are …

Lloyd’s Weighs Future of Headquarters as Market Embraces Flexible Working

Lloyd’s of London is reviewing its real estate needs as the historic insurance market embraces flexible working. “As we adapt to new structures and flexible ways of working, we are continuing to carefully think about the future requirements for the …