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 [...]
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 [...]