Lack of buyers for No 1 Poultry loan in worrying sign for City’s property market December 6, 2023 Bank of Ireland is trying to dodge a loss on a loan secured against No 1 Poultry, a worrying sign for London's commercial property market.
Investors pulling out of property funds thanks to ‘triple squeeze’ on sector December 6, 2023 Property funds were hard hit by outflows in November as fears rise that a temporary dip in property values may become more permanent.
Sainsbury’s to leave central London HQ after two decades December 5, 2023 The Sainsbury’s headquarters is packing up and relocating to the sustainable JJ Mack Building in Farringdon, a six-minute walk from its current location at Chancery Lane.
New flexible office space coming to Liverpool Street after Wework’s bankruptcy November 28, 2023 The site was designed by architects at dMFK, and is part of British Land’s 32-acre Broadgate site, which hosts top financial, legal, tech and media firms, as well as well-known retailers.
The Notebook: Will Kinnear on how high streets can move away from the drab November 28, 2023 Will Kinnear, director of flexible workspace firm HEWN, takes the Notebook pen to talk about how the high street can keep up with the 21st century.
Workspace CEO: Wework’s demise will ‘benefit’ us November 22, 2023 The chief executive of Workspace has said that the demise of rival Wework will “definitely give the company some benefit.”
Green light for £500m Bishopsgate tower and Victorian bath house restoration November 21, 2023 The green light has been given to erect a new 23 storey tower in Bishopsgate, alongside the restoration of a historic Victorian Bath House, in the latest boost for the City’s skyline. As part of the development, which is being spearheaded by Landsec, the building at 55-56 Old Broad Street will be refurbished to create [...]
Workspace profits jump as demand for flexible offices grows November 21, 2023 Workspace completed 583 lettings during the half year, with occupancy levels remaining largely unchanged at at 88.7 per cent.
GPE: West End landlord upgrades forecasts as workers return to central London November 16, 2023 Great Portland Estates, the London-listed landlord said it had signed 37 new leases and renewals in the six months to 30 September, as workers returned to the office. The West End-focused landlord said market lettings were on average 13.4 per ahead of March 2023’s estimated rental value (ERV) with an annual rent role of £11.2m. [...]
The Debate: Should we finally ditch hot desking? November 15, 2023 City A.M.’s new weekly feature takes the fiercest water-cooler debates and pits two candidates head to head before delivering The Judge’s ultimate verdict. This week: Hot desking The idea of flexible workspaces, or hot desking, tends to evoke a strong reaction in the office. There are those who love to swap seats daily, meet new [...]