Offices news – Page 8
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NewsKing & Spalding makes Mitsubishi and Stanhope’s 8 Bishopsgate its UK HQ
Law firm King & Spalding has signed for 41,000 sq ft at Mitsubishi Estate London and Stanhope’s 8 Bishopsgate office scheme in the City of London for its new UK headquarters.
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NewsCBRE to market Peel’s Salford Quays office scheme for £40m
Peel’s Salford Quays office scheme with more than 180,000 sq ft of grade-A office space has hit the market with a quoting price of £40.3m.
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NewsLandsec backing prime offices as it commits to £200m Southwark development
Landsec has committed to delivering its 380,000 sq ft Timber Square development in Southwark in full in a show of the confidence in London’s prime office market, Property Week can reveal.
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NewsGove delays London South Bank studios redevelopment decision for a second time
The government has postponed a decision on the controversial redevelopment of the former ITV Studios on London’s South Bank for the second time.
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NewsDurham City Innovation District seeks JV investment partner for £250m campus
Durham County Council, Durham University and Avison Young are seeking a joint venture investment partner to help fund a £250m research and development campus at Aykley Heads, as part of their wider Durham City Innovation District project.
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NewsCheshunt Lakeside Developments goes into administration
Cheshunt Lakeside Developments, which aimed to create 1,725 homes, including affordable housing, for a mix of residents in Hertfordshire, has gone into administration along with developer Inland Homes.
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NewsBritish Council for Offices crowns Barclays’ Glasgow campus UK’s best workplace
Barclays’ Glasgow campus won the ’best of the best’ prize at the British Council for Offices (BCO) National Awards last night (3 October), also taking home the trophy for best Corporate Workplace.
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NewsLease surrender clears way for Evans Randall’s Midtown office redevelopment
Investor and developer Evans Randall Investors has unlocked plans for a prime office redevelopment in London’s Midtown after subtenant Lloyds Bank agreed to surrender its lease at the site.
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NewsBBC considers extending lease at Birmingham’s Mailbox
Mailbox REIT said the BBC is likely to stay for up to another two years at the mixed-use Birmingham scheme when its lease expires in 2026.
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NewsMeta lease exit divides opinion
Social media giant Meta’s payment this week of £149m to British Land to surrender the lease it had agreed for 1 Triton Square in London’s Regent’s Place has divided opinion on its potential impact on landlords.
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NewsCommercial deals value drops 73% as office transactions decline
The total value of UK commercial property deals plunged 73% to £3.7bn over the past six months, from £13.7bn in the previous six-month period, research from Sirius Property Finance reveals.
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OnlineLandsec hails strong demand for London office space as it launches Victoria refurb
Landsec has told investors that occupier demand for prime office space has “remained strong” since its last year end on 31 March.
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NewsFormer C&W executives launch flexible workspace operator Covalt
Former executives at Cushman & Wakefield (C&W) have launched a new ’white label’ flexible workspace management company, Property Week can reveal.
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OnlineBritish Land confident for financial year despite Meta lease surrender for £149m
British Land confirmed it had received a payment of £149m, reportedly equivalent to about seven years’ rent, from social media giant Meta, which surrendered the lease it had agreed for the former’s 1 Triton Square in London’s Regent’s Place.
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NewsTHG’s Manchester HQ sale falls through
The Hut Group (THG) founder Matt Moulding’s sale of its £250m headquarters in Manchester to real estate investor ICG has fallen through, Property Week understands.
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NewsWhitbread snaps up New London House in £56.5m deal for hotel conversion
Hospitality group Whitbread has acquired the freehold interest in New London House in the City of London from unnamed clients of Orchard Street Investment Management for £56.5m..
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NewsColliers appoints Mishon to bolster London office team
Colliers has appointed Joseph Mishon to the new role of head of flex and management solutions in its London office.
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NewsReal estate total global value reaches $380trn
The value of all global real estate, including agricultural land, reached $379.7trn (£819,000m) in 2022, new research from Savills has found.
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NewsLondon office values correct faster than Europe, offering ‘rare’ entry point for investors
London office values are correcting faster than almost every counterpart market in Europe, new data analysed by BNP Paribas Real Estate has found.
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NewsGove rejects GPE plans for pair of Southwark office towers
Housing secretary Michael Gove has rejected Great Portland Estates’ (GPE) plans to redevelop two large London office towers at its giant New City Court scheme in Southwark.
