Leeds landmark sold for almost £80m in city’s biggest deal for over five years October 8, 2024 A landmark building in the heart of Leeds’ financial district has been sold for almost £80m in the city’s largest office deal for more than five years. Ashtrom Properties UK has acquired Central Square, which is home to the likes of M&S, PwC an Sky, for £78m. Central Square comprises 217,249 sq ft of office [...]
Office Depot owner loses over £50m ahead of quitting UK thanks to working from home trend October 2, 2024 OT Group, the owner of Office Depot and the Spicers wholesale brand, lost more than £50m in the year before it revealed plans to quit the UK. The Greater Manchester-headquartered group has posted a pre-tax loss of £52.5m for 2023, having also lost £15.8m in 2022. Newly-filed accounts with Companies House also reveal that turnover [...]
London’s ‘Can of Ham’ tower is up for sale again but price slashed September 25, 2024 London’s ‘Can of Ham’ skyscraper has been put back on sale for a reduced price two years after the first attempt to sell the distinctive building. The property has hit the market with an asking price of £322m, having previously been valued at around £400m when it was last on sale in 2022. The new [...]
Plan to restrict employers from contacting staff out of hours ‘backed by public’ September 21, 2024 Most people support the Government’s plans to restrict employers from contacting staff outside working hours, new research suggests. Only 17 per cent of 2,000 adults surveyed opposed the move. The polling by Survation, commissioned by think tank the Autonomy Institute, showed that support was highest in the South East. Autonomy called on the Government to [...]
BNY signs deal for major Manchester office in city centre landmark September 12, 2024 BNY (The Bank of New York Mellon Corporation) has signed a deal to for a major new office in Manchester city centre. The bank will be the single occupier of 4 Angel Square in the NOMA district when was completed in September last year. The global financial services company will be relocating its existing Manchester [...]
Santander cracks down on hybrid working as return to office trend grows September 8, 2024 Santander has cracked down on its approach to hybrid working in what is seen as yet another sign that companies are beginning to favour more in-office working patterns.
Young Londoners spend more time in office than older workers, survey finds September 3, 2024 Young workers in London spend more of their time working from the office than any other age group, an international survey of return to work habits has found. London saw another year-on-year rise in attendance, with average central London full-time workers spending more than half the working week, or 2.7 days, in the office in [...]
All the best offices are embracing the Great Outdoors (so leave HSBC alone) August 8, 2024 From smoking den to outdoor zen – offices are embracing green spaces, says Lucy Arthur
‘Critical growth hub’: Hedge funds drive demand for office space in London July 19, 2024 Over $13.1 trillion (£10.4 trillion) in assets are managed in London, and the capital has remained the world's second-largest centre for hedge funds and private equity firms globally after New York.
Workspace records ‘resilient’ office demand in quieter quarter July 11, 2024 Workspace, which was established in 1987, manages 4.4m square feet of flexible office space across 74 locations in London and the south east.