Workspace bets on the office return with £45m Islington acquisition November 17, 2021 Office-space provider Workspace has announced it has bought out a smaller competitor, The Busworks, in a £45m deal as more people return to offices in London. The FTSE-250 company today said it will upgrade the iconic building, a former Victorian bus factory from 1888, which is currently being used as office spaces to rent. The [...]
Locals fight plan to turn the Truman Brewery into a shopping mall November 9, 2021 Local residents continue to oppose plans to build a shopping mall on the site of the historic Truman Brewery on Brick Lane after developers won approval from the local council. The Save Brick Lane Coalition is close to raising the £10k needed to pursue legal action against Tower Hamlets Council with the aim of blocking [...]
IWG revenue hit as Covid concerns drive hesitancy over office return November 2, 2021 Workspace provider IWG has taken a hit to revenue as rising Covid infections deterred some clients from ditching remote working. In its third quarter trading statement, IWG reported group revenue at £550.8m ($752.1m) in the three months ended September 30, down 0.3 per cent from the same period last year. Occupancy at its pre-2020 operations [...]
BrewDog announces plans for flagship site at former Eurostar terminal October 25, 2021 BrewDog has outlined plans to open a 26,500 sq ft flagship site on the former Eurostar terminal at Waterloo, in what it called one of biggest projects yet. The Scottish craft brewer said on Monday it will launch a two-floor venue next summer. The site will be kitted out with a pub, pop-up food truck, [...]
Focus On: Brighton – an investors’ paradise October 22, 2021 Thanks to the ability for many people to work from anywhere or pop into a central office on an ad hoc basis, increasing numbers of professionals are moving out of London in search of locations with a less frenetic pace of life – something the seaside city of Brighton will continue to benefit from. “Brighton [...]
Easyjet goes into the lounge business at Gatwick’s north terminal October 20, 2021 Easyjet announced today its first lounge will open tomorrow at Gatwick airport’s north terminal. Called the Gateway, the space was developed in collaboration with lounge company No1 Lounges. With prices starting at £18.50, the space will allow all travellers – regardless of airline ticket – to eat, drink and work before their flight for one, [...]
Easyjet goes into the lounge business at Gatwick’s north terminal – CityAM : CityAM October 20, 2021 Easyjet announced today its first lounge will open tomorrow at Gatwick airport’s north terminal. Called the Gateway, the space was developed in collaboration with lounge company No1 Lounges. With prices starting at £18.50, the space will allow all travellers – regardless of airline ticket – to eat, drink and work before their flight for one, [...]
Find your new home by the riverside at Leaside Lock, East London’s newest neighbourhood October 18, 2021 A new collection of contemporary studios, 1, 2 & 3 bedroom apartments in Bromley-by-Bow is launching 13th November, available with the London Help to Buy: Equity Loan* scheme on selected plots. As the prices in nearby Bow, Hackney Wick, Bethnal Green and London Fields have dramatically risen in recent years, many first-time buyers are finding [...]
Opinion-in-brief: Don’t judge a city by its WeWork offices October 13, 2021 WeWork’s failings, including expected losses of £1.1bn this year, should not distract from the vitality of the City of London’s office market, which is showing that the office is far from dead. It should come as little surprise that WeWork has suffered from its own high-risk strategy. Its long-term lease commitments made for a brittle [...]
Flexible working more important than salary for three in four professionals October 13, 2021 Flexible working has overtaken salary as the top benefit to employees, highlighting that flexibility and autonomy over the working day is now more important than financial reward for most workers. Three quarters of respondents of a new survey believe that in the future having an office space will be considered an employee benefit as opposed [...]