Workspace giant IWG expands global presence as hybrid working momentum continues January 31, 2022 Flexible workspace provider IWG more than doubled the number of new franchise location commitments around the world in 2021. IWG made a total of 150 new centre commitments, compared to 67 commitments in the previous year. It comes as there has been a trend towards hybrid working models, with workers looking for different spaces to [...]
Battle of the City skyscrapers heats up as shiny new 22 Bishopsgate lures law firm McDermott away from Heron Tower January 20, 2022 City law firm McDemott Will & Emery is moving out of the Salesforce Tower, commonly known by its former name as the Heron Tower, to move to the 46th floor of the brand new 22 Bishopsgate skyscraper. The Salesforce Tower, minutes from Liverpool Street, housed the Chicago-based law firm for more than a decade. However, [...]
Workspace reports a confident third quarter despite ‘work from home’ orders January 20, 2022 Workspace Group reported a “strong demand” from customers, as the workspace rides out the Covid variant storms.
Lloyd’s of London weighs up leaving iconic headquarters January 19, 2022 Lloyd’s of London is considering leaving its iconic headquarters as it seeks out ways to adapt to shifts in working habits brought about by digitalisation of its business and Covid-19. In an email to City AM, a Lloyd’s of London spokesperson said: “As we adapt to new structures and flexible ways of working, we are [...]
City Moves: Who’s switching jobs in the Square Mile this week? January 18, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Knight Frank Real estate giant Knight Frank has posted a new partner to its London office leasing team, who will work closely with the capital’s landlords. Mike Voller, who re-joins the firm after six years, will advise [...]
Exclusive: Most commercial landlords are struggling to find tenants for their office buildings January 16, 2022 More than three fifths of the UK’s commercial landlords are struggling to attract tenants to traditional offices as businesses’ workspace demands have changed rapidly during the pandemic, according to new research that was exclusively shared with City A.M. today. In fact, more than six in ten commercial landlords are currently struggling to attract prospective tenants [...]
Letters: Heigh ho, off to work we go January 13, 2022 [Re: Central London continues to feel hit of plan B measures, January 11]We’ve seen footfall in Central London dropping again as plan B measures keep many office workers at home. In December, office occupancy reached 10 per cent, a new low for London. This can’t go on. We must return to the office en masse, [...]
Elephant and Castle redevelopment to progress to second phase after loan win January 10, 2022 The redevelopment of the former Elephant and Castle shopping centre has been given a boost after the securing of a development loan. Build-to-rent developer Get Living has acquired £365m from Starwood Capital, The Times reported. This will enable the second phase of the redevelopment, which is set to create 485 homes and a new campus [...]
New year, new job? Here are 3 great opportunities to apply for this week January 6, 2022 And just like that, we have a whole new year ahead of us (how exciting). January is a common time of year for people to make changes in their lives, or at least get the ball rolling in some way. A big change people tend to think about at the start of a new year [...]
City Moves: Who’s switching jobs in the Square Mile this week? January 6, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Bibby Financial Services Bibby Financial Services (BFS) has poached its new chief people and organisation officer from British Business Bank as it seeks to boost support for SMEs in the new year. Helen Norris, who brings [...]