IWG boss labels double-digit share price dive ‘not rational’ August 19, 2025 Shares in International Workspace Group (IWG) dropped more than 15 per cent today after a disappointing half-year trading update from the office provider. It was the worst day for the world’s largest provider of serviced office space since the first day of lockdown in March 2020. But boss Mark Dixon said the share price drop [...]
Uptick in Canary Wharf office values after years of decline August 15, 2025 After several years of declining property valuations in Canary Wharf, the East London area is experiencing a modest recovery as the value of its largest offices rises for the first time in years
Canary Wharf Group tops 250,000 sq ft of office space leased this year August 6, 2025 Canary Wharf has announced two new major leasing deals, taking the total amount of space leased this year to 250,000sq ft. Banco Bilbao Vizcaya Argentaria (BBVA) will extend their office footprint to 60,000 sq ft and extend its lease at One Canada Water until 2035. SmartestEnergy, which helps companies navigate the energy transition, will lease 20,000sq [...]
Swatch moves London headquarters to new Canary Wharf office space July 24, 2025 Swatch has signed a five-year lease for 9,500 sq ft of office space in a multi-purpose office building in Canary Wharf. The watches and jewellery manufacturer will move its London headquarters from Dockside Road to Docklands site Sierra Quebec Bravo (SQB). Swatch did not respond to a request for comment and did not disclose the [...]
London skyscraper given green light after Roman Basilica forced planning revamp July 8, 2025 The City of London has approved plans for 85 Gracechurch Street, which had to be reworked in light of the discovery of a historic Roman Basilica under the site. It also approved plans for a 45-storey tower at 63 St Mary Axe, which will sit at the edge of the City of London’s Eastern Cluster. Continuing with 85 Gracechurch’s [...]
Knights Templar-inspired office building gets green light June 17, 2025 Plans to build a mixed-use office scheme in Holborn on the site of the former Knights Templar Church have been approved by the City of London Corporation. The new building will replace the existing Holborn Gate, Heron House and 44 Southampton Buildings on Chancery Lane. It will include a 300-person capacity immersive auditorium as well [...]
Avison Young loses over £100m for a second year as more jobs cut May 29, 2025 More than £100m has been lost for a second consecutive year by the UK and European arm of global commercial real estate services firm Avison Young as it continued to cut jobs, it has been revealed. The Birmingham-headquartered division has reported a pre-tax loss of £101.8m for 2024, having posted the same total for 2023. [...]
The Square Mile’s latest office transformation gets green light May 19, 2025 A huge redevelopment of 1 Moor Lane has been given the green light by the City of London Corporation as the Square Mile looks to boost its office capacity. The all-electric transformation of the building by Brookfield Properties will add 300,000 sqft (27,000 sqm) of grade-A offices to the City, increasing the amount of office [...]
London crowned most expensive city for office refits after ‘perfect storm’ of costs May 7, 2025 Demand for high-quality facilities and specialist skills has made London the most expensive city in the world to refit an office, according to new research. The average high specification project in London costs £4,671 ($5,932) per square metre, four per cent higher than runner-up New York and eight per cent higher than third-place Zurich, Turner [...]
Puma to move UK head office from London to Manchester May 1, 2025 Puma is to relocate its UK head office from London to Manchester after signing up to take space in a new £87m building. The global sportswear brand is to take 20,000 sq ft at 3 Circle Square in the city centre, which is due to open this summer. The head office will become home to [...]