Billionaire IWG founder Mark Dixon steps down as chief executive Property The billionaire founder of IWG has unveiled plans to step down as chief executive, ending his decades-long control of the serviced office group. Mark Dixon, the Essex-born entrepreneur who founded the London-listed company as Regus group in 1989, will transition into the role of chairman while chief transformation officer Christian Schmitz is to step into [...]
Workspace slashes dividend as profit plummets amid new boss’ shake-up Property Real estate group Workspace slashed its dividend in the latest financial year as the firm plunged to a hefty loss. The FTSE 250 company posted a £120.5m loss before tax, from £5.4m last year, which was driven by nearly £160m in write-downs of property valuations amidst a changing strategy. New boss Charlie Green – who [...]
British Land: Return to office debate is over Property British Land has declared the debate over returning to the office “over,” as it prepares to capitalise on constrained supply and a “wave of demand” for commercial property from AI firms. The FTSE 100 property developer saw its profit before tax jump by 32 per cent to £450m in the year to March, as the [...]
UK finance workers weigh quitting over back-to-office mandates May 19, 2026 Financial services workers are weighing quitting their roles if their companies mandate office attendance amid a deepening feud between managers and employees. Nearly six in ten employees in the finance sector said requirements around their office presence is making them more likely to leave their role, according to new research from City recruiter Morgan McKinley. [...]
Inflation fears push slump in demand for City offices April 24, 2026 Demand for office space in the Square Mile slid in the first quarter of the year as investors stalled decision making following the outbreak of war in Iran. Office property demand fell by 23 per cent year on year in the City of London and 14 per cent in the capital as a whole in the [...]
Tech firms sign for 400,000 sq ft of London office space in a month April 22, 2026 AI firms have signed for nearly 400,000 sq ft of London office space in under a month, in the biggest rush of tech leasing the capital has seen in a generation. Anthropic confirmed this week it has taken 158,000 sq ft at One Triton Square near Euston in a deal with British Land and Royal [...]
Demand soars for central London offices while outskirts snubbed April 9, 2026 The demand for central London office space is soaring while vacant buildings are piling up on the fringes of the capital. The vacancy rate – which is a key indicator of demand – of central London offices has fallen to its lowest level in this decade as occupiers target prime locations like the City and [...]
Blackrock mulls a move to HSBC’s Canary Wharf tower March 31, 2026 Blackrock is mulling a move to HSBC’s Canary Wharf skyscraper with the site one of a number of locations viewed by the firm as it scouts for a new London headquarters. The world’s largest asset manager has taken a look at the 8 Canada Square tower, which HSBC is set to vacate next year. But [...]
Sound-proof booths are as important as AI for your office March 10, 2026 Your employees’ ability to concentrate is the biggest limiting factor on productivity, says Paul Armstrong Corporate leaders are pouring billions into artificial intelligence in pursuit of a long-promised productivity boom. Early evidence is suggesting the gains may stall for a surprisingly familiar reason: human attention. Research into what analysts now describe as ‘AI brain fry’ [...]
EY extends global HQ stay on Thames January 6, 2026 Big Four giant EY has renewed the lease on its global headquarters until 2040. The firm’s UK and global HQ is at 1 More London Place, whose lease was set to expire in 2028 before the firm greenlit a contract renewal. The ten-storey building on the south bank of the River Thames, with 35,000 sq [...]