Flexible offices to comprise a fifth of London market by 2030 Property A fifth of London’s offices will be made up of co-working sites by as soon as 2030, in a further sign of the extent to which the pandemic-induced shift in working patterns is reshaping the capital’s commercial property market. So-called ‘flex’ spaces currently represent just 12 per cent of the total London office market, but [...]
Pisces: FCA’s private stock market will worsen FOMO investing Opinion The FCA's new private stock market Pisces comes into force today, but Carrie Osmon warns the framework risks worsening FOMO investing.
Wework hopeful of revival amid growth in demand for flexible workspaces Embattled office company Wework is hopeful of a revival after reporting a jump in demand for flexible workspaces in London. The New York-based business, which collapsed in November 2023 before emerging from bankruptcy last year, said its on-demand bookings – a pay-as-you-go membership option – rose by 30 per cent in London compared to the [...]
Britain will miss out on the AI revolution unless it recalibrates attitudes to risk February 13, 2025 Britain is well-placed to be at the forefront of AI breakthrough but for one thing: its deep-seated culture of risk aversion. To foster a more entrepreneurial culture, there are three things the UK should do, says Lewis Z Liu The UK has a unique set of advantages to lead the AI revolution. It boasts world-class [...]
Wework: UK firm owes almost £840m to bankruptcy-hit US owner November 28, 2024 The UK arm of troubled US co-working startup Wework lost almost £150m in the year before its parent company filed for bankruptcy. The division suffered a pre-tax loss of £147.9m in 2023, according to newly-filed accounts with Companies House. The latest figure comes after the arm racked up a pre-tax loss of £122.6m in 2022. [...]
Workspace: Lettings strong but occupancy declines with clients vacating October 15, 2024 Leading provider of flexible office spaces Workspace reported strong lettings in the latest quarter, but saw some of its bigger clients quit as occupancy declined. The firm said it completed 296 lettings in the second quarter of 2024, generating £7.4m in annual rental income. The London-based firm’s like-for-like occupancy rate however dipped by 0.7 per [...]
Helical reveals progress on London properties and new debt facility October 14, 2024 London-listed property development firm Helical said it has made “good progress” on a number of targets it set earlier this year, in a trading update ahead of its half year results. In the six months ending 11 October, Helical started work on a “carbon friendly” office next to City Thameslink station, and is repairing its Brettenham House in [...]
Wework founder Adam Neumann iced out of £359m bankruptcy deal April 30, 2024 Troubled office space provider Wework has unveiled a new plan to absolve itself from bankruptcy, and it does not involve Adam Nueman its founder who was looking to regain control of the business.
Helical extends London Wework lease amid takeover talks April 22, 2024 Property investment and development company Helical has extended its lease with Wework until June following a decision late last year to remove the struggling hybrid workplace provider after it could no longer pay its rent.
Workspace Group reports ‘resilient’ customer demand in the fourth quarter April 17, 2024 Flexible office space provider Workspace Group reported resilient customer demand in the fourth quarter ending March 31st, completing 343 new lettings.