Sirius Real Estate wraps up £150m debt refinancing one-year early October 6, 2022 Sirius Real Estate has wrapped up a refinancing of a €170m (£148m) debt facility with commercial real estate financier Berlin Hyp AG. The London-listed company, which operates industrial parks and flexible workspaces in Germany and the UK, completed the refinancing around one year in prior to the facility’s due date. Refinancing means a borrower has [...]
HSBC considers leaving Canary Wharf HQ September 29, 2022 HSBC is considering leaving its iconic Canary Wharf headquarters when its lease expires in early-2027. The bank is carrying out a review of “the best future location in London” for its global headquarters, according to an internal memo seen by Financial News. HSBC’s options include either renovating its current building or moving to another London [...]
Exclusive: WeWork introduces discounts to drive office workers back into London September 8, 2022 Flexible workspace provider WeWork has launched new incentives for London businesses to entice workers back into the city. The New York-headquartered company is working with BusinessLDN, with members of the advocacy group being offered access to new discounts. Businesses are able to access 50 per cent off WeWork’s All Access monthly membership fees for three [...]
Exclusive: New co-working hub headed to Oxford Street this autumn September 6, 2022 A new co-working hub is coming to Oxford Street, City A.M. can reveal today. Office and workspace company Huckletree, which operates across some of the biggest cities in the UK, is set to unveil its fifth London site in November. The 22,000 square foot workspace, in Jubilee House, is hoped to bring a much-needed boost [...]
Khan pumps fresh cash into London creatives as energy bills spiral September 1, 2022 The Mayor of London Sadiq Khan has pledged £1.2m to help creative workspaces in London to become greener and more energy efficient.
Trouble brews over London Southbank’s ‘The Slab’ development August 31, 2022 Trouble has been brewing over ‘The Slab’, the proposed Southbank development at 72 Upper Ground. Campaigners have claimed it will overshadow neighbouring post-war architecture and encroach on a riverside conservation area. The landmark redevelopment of the former ITV studios had been granted planning approval by Lambeth Council in March 2022. However, the #SaveOurSouthBank campaign, led [...]
5 Ways To Make Hot Desking Work For You August 30, 2022 Hot desking, the phenomenon once only found in coworking spaces, is currently finding favour among corporate companies looking for ways to cut costs without cutting performance. Benefits of adopting a ‘no assigned seating for anyone’ approach include increased inter-team collaboration and a sense of belonging among employees. However, not everybody is a fan – especially [...]
Changes sweep the boardrooms and C-suites of biggest businesses in the UK August 24, 2022 The boardrooms and C-suites of some of largest companies in the UK have undergone sweeping overhauls this week alone. The winds of change have blown as the country heads into autumn and buckles down for a worsening economic crisis, some two years on from the start of the pandemic. While Covid-19 measures in the country [...]
Demand for hybrid work sends IWG plc revenues soaring August 9, 2022 Strong demand for hybrid working sent revenues of IWG (International Workplace Group) plc surging in the first half of 2022. The global workspace provider reported revenues of £1.29bn, a 23 per cent rise from 2021’s first half as demand for flexible, hybrid working rose and inflation around the world climbed. IWG’s revenue grew more than [...]
Vast majority of UK businesses struggle to get staff back into the office as workers demand flexibility August 4, 2022 Three in five UK business leaders are struggling to get employees back in the office, with younger workers in particular seeking flexibility and better workspaces. In fact, two-fifths seeking a new workspace to reflect their changing office needs, according to new research shared exclusively with City A.M. this morning. infinitSpace found that more than a third of [...]