TfL looks for investment partners to take up office space at Bank, Southwark and Paddington stations May 20, 2022 Transport for London is looking for an investment partner to work on commercial developments at the sites of Bank, Paddington and Southwark stations. In a bid to reduce its reliance on fares for income, TFL is looking to offer commercial office space at the stations which could generate significant revenue. All three sites have either [...]
Office workers can now use local Tesco to work from as supermarket giant joins forces with IWG May 12, 2022 Office workers across the UK will soon be able to use their local Tesco to work from as the supermarket group launches a new partnership with IWG. Tesco has said the flexible workspace business will convert excess space at its supermarket stores into office space designed for hybrid working. It comes amid the continued shift [...]
How technology is transforming and unlocking real-estate asset classes April 27, 2022 The line between technology and real estate is blurring, bringing new opportunities and asset classes, particularly in residential, office and biotech, says Samantha Kempe, co-founder and chief investment officer of IMMO Capital. The sheer size of the real estate sector – the global figure reached a record $326.5 trillion (about £251.1 trillion) in 2021, according [...]
Exclusive: Salesforce chief says tech firm’s City of London offices are amongst the fullest worldwide April 21, 2022 Salesforce’s London offices are now fuller than almost all of its other offices worldwide, Salesforce’s UK & Ireland head has said to City A.M. Speaking exclusively to this paper, Salesforce UK & Ireland CEO Zahra Bahrololoumi said “Salesforce thrives in city centres,” as she explained the firm is now working to upgrade its offices in [...]
150-year-old Hackney church to be turned into workspaces April 11, 2022 The 150-year-old St Michael & All Angels Church in Hackney is to be turned into workspaces, as London’s offices fall further away from tradition post-pandemic. Boutique developer Aitch Group and property investor VFund have entered a joint venture to restore and develop the Grade I listed building, which is one of just six left [...]
Workspace posts slow but steady recovery amid hybrid office return April 7, 2022 Workspace Group makes a bounce back, with like-for-like occupancy for office space up three per cent thanks to SMEs demand.
Exclusive: The boss of London’s oldest office provider returns from retirement to drive the City’s bounce-back April 4, 2022 As we passed the two-year anniversary of the first lockdown last month, City A.M. sits down with the CEO of London’s oldest office provider, who came out of retirement to drive the business’ post-Covid recovery. Shedding light on how the business and City has suffered, Argyll CEO John Drover reveals to this paper how his [...]
The Office Group and Fora to merge in deal that would see 3.1m sq ft of office space March 14, 2022 The Office Group and Fora have announced plans for a merger, in a bid to become the “premier flexible workspace company in the UK and Europe.” The deal is subject to regulatory approval but the combined group would comprise 72 premier locations totalling 3.1 million sq. ft. A combined portfolio would cover London and Cambridge, [...]
IWG bets on hybrid work in £270m investment as it trims down losses March 8, 2022 IWG has merged with a digital assets group to create a new workspace platform in a £270m investment, after it more than halved its operating losses last year. The Instant Group, which provides digital marketing and workspace solutions to nearly half of FTSE 100 firms, will invest a further £50m into the company, IWG announced [...]
SaaS and cloud platform essensys delivers ‘resilient’ performance in US despite UK slump March 1, 2022 SaaS platform and on-demand cloud service provider essensys delivered “resilient” results this morning, with group revenue up three per cent to £10.9m. During the first half of the year, essensys added nine new customers, including a significant property company in Sweden that is expected to provide a long-term growth opportunity. It reported good momentum for [...]