Online searches for shared workspaces more than double as more Brits move towards hybrid working July 27, 2022 Interest in companies providing shared workspaces continues to rise as businesses look for new approaches to hybrid working. In fact, online searches for ‘WeWork’ more than doubled (up 144 per cent) in the first six months of 2022 compared to last year, while searches for ‘Workspace’ rose by nearly a third (32 per cent), as [...]
Exclusive: Second Home dodges bankruptcy and eyes US expansion with fresh funding July 26, 2022 Shared office space firm Second Home has scooped a £7.5m funding package to dodge bankruptcy and is now eyeing up expansion in the US, City A.M. can reveal.
Flexible office firm Workspace has dip in enquiries but increase in rent roll July 21, 2022 Flexible office firm Workspace suffered a dip in enquiries and a big increase in rent as many return to permanent desk jobs. The company’s average enquiries, viewings and lettings were all down in the first quarter of 2022/3 compared to the same period last year, when some pandemic restrictions were still in place. It reported [...]
Lloyd’s to stay in iconic headquarters until at least 2031 July 8, 2022 Lloyd’s of London is set to stay in its iconic City of London headquarters until at least 2031, according to new reports that quell rumours the insurer had been planning to leave its purpose-built tower in 2026. There is now “zero chance” the insurer will trigger the lease break clause in its contract with its [...]
Privacy, please. Demand for phone booths is a sign the open-plan working craze is over July 5, 2022 Collaborative space in offices has been in vogue for some time now. The demand for open plan offices was behind the creation of thousands of co-working companies. You’ve heard the phrases: bumping into colleagues, water cooler chats, office banter – all the things we missed in the office. But whether people are in the office [...]
Shares in property firms continue to tumble as Bank of America warns WFH here to stay June 30, 2022 Selling pressure has mounted after American investment titan Bank of America warned that “real estate’s glory days are numbered”. A major concern for the bank was that “working from home and hybrid working are here to stay”, adding in its research note: “Recession will likely lead office occupancy and market rental values to decline and [...]
Sirius Real Estate more than doubles rent roll in £380m UK push June 13, 2022 Industrial park and flexible workspace provider Sirius Real Estate has more than doubled its rent roll over the past year, as it continues to push into the UK’s hot property market. Rental income has surged over 73 per cent to €167m in the year to 31 March, up from €96.5m a year prior. Sirius put [...]
Customer demand drives post-lockdown rebound for office giant Workspace June 8, 2022 Workspace Group has revealed customer demand for its services has returned to pre-Covid levels, in a vote of confidence for City working.
Exclusive: Co-working firm Second Home launches sale process amid battle for rescue cash June 6, 2022 Shared office firm Second Home has started scouting for a buyer in parallel with efforts to secure rescue cash, CityA.M. understands. The workspace provider has launched a sale process after administrators from FRP Advisory were called in to help fend off insolvency. Headed by a former aide to ex-Prime Minister David Cameron, Rohan Silva, Second [...]
All hail the Elizabeth line: Canary Wharf turns purple to celebrate opening May 24, 2022 Canary Wharf is turning purple to celebrate today’s opening of the Elizabeth line. The financial district is lighting up its most iconic buildings, including One Canada Square and Jubilee Park, as well as Crossrail Place Roof Garden. Shops around the wharf will join in the celebrations, with several restaurants introducing new purple cocktails and shops [...]