Stapleton House in Shoreditch snapped up by Workspace for more than £43m September 27, 2021 Workspace Group said this morning has exchanged contracts to acquire Stapleton House, also known as ‘The Old Dairy’, in Shoreditch, for £43.38m. The property, which provides around 57,000 sq f of space adjacent to Workspace’s business centre, The Frames, opened in 2017 following a major refurbishment project. The Old Dairy is currently 80 per cent [...]
Workspace firm IWG considering multibillion pound break-up September 26, 2021 Serviced offices firm IWG is considering splitting into several different companies. Mark Dixon, founder of the Regus and Spaces operator, is examining different options to bring value to shareholders, Sky News has reported. The founder is reportedly looking at options including a US listing for Worka, an app that helps users compare and book workspaces [...]
Exclusive: King’s Cross development strikes £126m green finance deal with HSBC September 20, 2021 Property developer Argent has secured a £126m loan facility on behalf of the King’s Cross Central Limited Partnership (KCCLP) from HSBC UK and Helaba to support the development of a mixed-use scheme combining commercial and residential space, the company has told City A.M. The funding will be used to deliver an office and professional community [...]
UK tech: Record raise of £13.5bn pushes number of British unicorns to 105 September 20, 2021 The UK tech sector raised £13.5bn in the first six months of this year, almost three times more than the same period a year ago, according to new data. As a result, the number of British unicorns has jumped to 105. Companies including fintech giant Revolut, online video conference business Hopin and online car sales [...]
City Moves: Who’s switching jobs in the Square Mile this week? September 15, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Falcon posts City veteran Joe Nally to board Falcon Oil & Gas has posted Cenkos co-founder Joe Nally as a new non-executive chairman to the board of the company with immediate effect. Nally, a City veteran, [...]
Tower Hamlets council approves plan to build shopping mall on Brick Lane September 15, 2021 Controversial plans to build a shopping mall on the site of the historic Truman Brewery on Brick Lane have been given a green light. At a meeting of the Tower Hamlet Development Committee yesterday councillors voted 2-1 in favour of a proposal to redevelop the Brewery as a five story office building and retail space. [...]
Tower Hamlets council approves plan to build shopping mall on Brick Lane : CityAM September 15, 2021 Controversial plans to build a shopping mall on the site of the historic Truman Brewery on Brick Lane have been given a green light. At a meeting of the Tower Hamlet Development Committee yesterday councillors voted 2-1 in favour of a proposal to redevelop the Brewery as a five story office building and retail space. [...]
WeWork announces partnership with Manchester City September 14, 2021 Workspace provider WeWork has announced a partnership with Manchester City and its sister club New York City FC, including workspace for London-based employees. Manchester City employees based in London and Singapore will be able to access the firm’s workspace whenever desired and be able to access additional flexible space at global locations. New York City [...]
Hybrid working: Out of office… forever? September 8, 2021 During lockdowns, many started working from home for the first time. Now, 91% don’t want to go back to the office full-time. With hybrid models of work being adopted by many, Christian Koch talks to leading CAs about the chances of a new workplace revolution… This article first appeared in ICAS’ CA magazine. What does [...]
WeWork attracts workers back to the office with pay as you go desks August 25, 2021 WeWork will allow customers to rent workspaces on a pay as you go basis in a bid to attract employees back to its offices. This week, WeWork launched its OnDemand service at 40 locations across the UK and Ireland, including London, Birmingham, Manchester, Cambridge, Edinburgh and Dublin. Desks can be booked for £45 per day [...]