Offices news – Page 5
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NewsLandsec gets green light for £500m City office development
The City of London Corporation has approved Landsec’s £500m plans to redevelop 55 and 65 Old Broad Street.
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NewsRegal London secures flex office provider for speculative Watford offices
Regal London has secured its first letting at its 173,000 sq ft speculative office development in Watford, signing flexible office provider YoooServ for 16,975 sq ft.
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NewsMills & Reeve swaps Colmore Row office for Paradise Birmingham
Law firm Mills & Reeve is swapping its Colmore Row office in Birmingham for a bigger space at MEPC’s landmark One Centenary Way.
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NewsLondon office development ‘roars back’ with record volume of new starts
The winter 2023 edition of Deloitte’s London Office Crane Survey has recorded its highest ever volume of new office starts since the study began in 2005, with 5.1m sq ft of construction starting across 43 schemes.
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NewsLloyd’s of London on brink of long-term deal to remain at City HQ
Lloyd’s of London is on the brink of striking a long-term deal to remain in its landmark City headquarters One Lime Square.
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NewsJLL reports 3.4m sq ft of central London space under negotiation
The latest JLL research shows occupiers continue to commit to new offices in the capital and the firm estimates that around 3.4m sq ft of space is subject to negotiation across the market for Q4, up 13% on the corresponding quarter of 2022 and 24% on the 10-year average.
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NewsIllicit drug profits ‘flowing’ through City of London into UK property, senior MPs warn
A group of senior MPs have warned that illicit drug profits from Asia are flowing into UK property through the City of London.
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NewsBrewDog boss slams council and developer over ‘delayed’ Durham bar opening
The boss of brewery and pub chain BrewDog has taken aim at Durham County Council and joint venture developer The Arlington Real Estate and Richardson over delays in opening a bar, which he claims have now stretched beyond 12 months.
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NewsLandsec looks to prime retail for new opportunities as it reports £193m loss
Landsec is “looking for opportunities to deploy further capital” with a particular focus on prime retail, chief executive Mark Allan said today after the firm posted a £193m loss for the half year ended 30 September.
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NewsFlexi-office provider Spacemade to add Marylebone location to portfolio
Flexible workplace provider Spacemade is adding 5,000 sq ft of flexible office space in Marylebone, London to its portfolio, after signing an agreement with the Howard de Walden Estate.
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NewsMajor London office development goes into receivership
A major London office development that included plans for an innovative 1.4-acre urban rooftop and 430,000 sq ft of office space has been placed under receivership after defaulting on a loan provided by the billionaire Reuben Brothers.
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NewsEat Work Art takes over ex-WeWork building to launch Hackney workspace for creatives
Creative workspace provider Eat Work Art has been awarded the leasehold of a former WeWork building in Hackney, east London, where it will open its latest location for the creative industries.
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NewsHUB and Bridges plan resi conversion for £39m Aldgate office purchase
HUB and Bridges Fund Management have bought a central London office block in Aldgate for £39m with plans to convert it into a residential scheme.
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NewsRegional REIT reports robust Q3 despite office market headwinds
Regional REIT achieved a high tenant retention rate for Q3, with 73.2% of units up for renewal let to the same tenants at an average 6.2% rise in rental income, its trading update for the quarter said.
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NewsGalliard and City Developments JV buys massive Morden Wharf site
Mixed-use developer Galliard Homes has acquired the 13.8-acre Morden Wharf site in London’s Royal Borough of Greenwich to develop around 1,500 homes, in a joint venture with City Developments Limited (CDL), Property Week can reveal.
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NewsGreen light for Gen Two’s Cambridge life sciences hub
Life sciences developer Gen Two has been given the green light to develop a 125,000 sq ft life sciences hub in Cambridge.
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NewsRevolut in talks to move headquarters to iconic Canary Wharf YY building
Fintech banking firm Revolut is in talks to move its headquarters to a 113,000 sq ft space at Quadrant’s YY building at Canary Wharf.
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NewsUK Commercial Property REIT and Picton in merger talks
UK Commercial Property REIT (UKCM) is in discussions with Picton Property Income regarding a possible all-share merger, which would create a company with net assets of around £1.6bn and a portfolio worth around £2bn.
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NewsIndustry could be on the ‘cusp’ of a serious downturn in demand
There is a sense the industry could be “on the cusp of a serious downturn in demand across the markets”, Gareth Lewis, PwC director, said during a webinar yesterday to launch the firm’s joint report with the Urban Land Institute (ULI) titled ’Emerging Trends in Real Estate Europe’.
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NewsWeWork files for bankruptcy in US but ‘business as usual’ for UK operations
WeWork has filed for Chapter 11 bankruptcy in the US but declared it is “business as usual” for its operations in the UK and Ireland.
