Skip to content 
Search

Latest Stories

Indian origin businessman breaks the UK’s office rental record

INDIAN origin businessman, Ravi Mehta has agreed to pay the highest ever office rent in the UK.

The 37-year-old India focussed hedge fund boss will pay £250 a square foot for his firm’s new headquarters in Mayfair.


Mehta will shift Steadview Capital Management into offices at 30 Berkeley Square.

The latest rent agreement for 2,700 square foot office space has crossed the previous record of £190 a square foot.

Based in the US, Mehta started his hedge fund in 2009 when he was just 27 years old.

Prior to his entry into his current business, Harvard University graduate had served as an analyst at Morgan Stanley and hedge fund Maverick Capital.

Mehta is married to Indian actress and model, Nicolette Bird, 34, in 2010.

Mehta’s business with about 10 employees specialises in Indian investments. In the last decade, the firm has grown to $2.5 billion (£1.92bn) in assets under management.

The firm invests in listed and private firms for an array of institutional investors, family offices, pension funds, and others.

Faisal Durrani from Knight Frank, an estate agency was quoted in The Times: “The record £250 a sq ft rent achieved in the West End comes as no surprise and underscores the depth of demand and the commitment global businesses are willing to make to London, Brexit or not.

“We’re in a supply-starved environment, with jobs growth at a historic high and these pressures are translating into requirement levels that far outstrip the available stock.”

Berkeley Square, famous as a home to hedge fund businesses. The location and its surrounding area is a home for some of the most luxurious shops and hospitality business in London.

More For You

Bangladesh seeks US deal to shield garment industry from tariffs

Workers are engaged at their sewing stations in a garment factory in Savar, on the outskirts of Dhaka, on April 9, 2025. (Photo by MUNIR UZ ZAMAN/AFP via Getty Images)

Bangladesh seeks US deal to shield garment industry from tariffs

BANGLADESH, the world's second-biggest garment manufacturer, aims to strike a trade deal with the US before Donald Trump's punishing tariffs kick in next week, said the country's top commerce official.

Dhaka is proposing to buy Boeing planes and boost imports of US wheat, cotton and oil in a bid to reduce the trade deficit, which Trump used as the reason for imposing painful levies in his "Liberation Day" announcement.

Keep ReadingShow less
UK business district
The Canary Wharf business district including global financial institutions in London.
Getty Images

Bond yields ease following Starmer’s support for Reeves

THE COST of UK government borrowing fell on Thursday, partially reversing the rise seen after Chancellor Rachel Reeves became emotional during Prime Minister’s Questions.

The yield on 10-year government bonds dropped to 4.55 per cent, down from 4.61 per cent the previous day. The pound also recovered slightly to $1.3668 (around £1.00), though it did not regain all its earlier losses.

Keep ReadingShow less
modi-trump-getty
Modi shakes hands with Trump before a meeting at Hyderabad House in New Delhi on February 25, 2020. (Photo: Getty Images)
Getty Images

Indian exporters watch closely as Trump says trade deal with India likely

THE US could reach a trade deal with India that would help American companies compete more easily in the Indian market and reduce tariff rates, President Donald Trump said on Tuesday. However, he cast doubt on a similar deal with Japan.

Speaking to reporters on Air Force One, Trump said he believed India was ready to lower trade barriers, potentially paving the way for an agreement that would avoid the 26 per cent tariff rate he had announced on April 2 and paused until July 9.

Keep ReadingShow less
Kolhapuri sandal sales surge in India post Prada controversy

Customers shop for 'Kolhapuri' sandals, an Indian ethnic footwear, at a store in New Delhi, India, June 27, 2025. REUTERS/Adnan Abidi

Kolhapuri sandal sales surge in India post Prada controversy

INDIAN footwear sellers and artisans are tapping into nationalist pride stoked by the Prada 'sandal scandal' in a bid to boost sales of ethnic slippers with history dating back to the 12th century, raising hopes of reviving a struggling craft.

Sales are surging over the past week for the 'Kolhapuri' sandals that have garnered global attention after Prada sparked a controversy by showcasing similar designs in Milan, without initially crediting the footwear's origins.

Keep ReadingShow less
UK business district
The Canary Wharf business district including global financial institutions in London.
Getty Images

Economy grew 0.7 per cent in Q1 2025, fastest in a year

THE UK economy expanded at its fastest pace in a year during the first quarter of 2025, driven by a rise in home purchases ahead of a tax deadline and higher manufacturing output before the introduction of new US import tariffs.

Gross domestic product rose by 0.7 per cent in the January-to-March period, the Office for National Statistics (ONS) said, confirming its earlier estimate. This was the strongest quarterly growth since the first quarter of 2024.

Keep ReadingShow less