Exclusive: IWG founder and office veteran Mark Dixon on why hybrid working is the new normal July 28, 2021 Office space giant IWG swung to a £650m loss last year due to the impact of coronavirus on working habits, it announced earlier this year. However, founder and CEO Mark Dixon has full confidence in the future of London’s offices, as he sits down with City A.M. for an exclusive interview. Dixon said his company [...]
Converted: London Jehovah’s Witnesses HQ to start new life as film studio July 27, 2021 The former headquarters of the UK Jehovah’s Witnesses in north London will be given a fresh start as a film and TV hub in a bid to tap into surging demand for studio space. Flexible workspace firm Purpose has snapped up the 200,000 square feet site in Mill Hill and plans to transform it into [...]
London’s younger workers lead charge back to the office July 22, 2021 Younger workers in London are more eager to get back to the office compared to their older counterparts, according to new figures published today. Research from Workspace shows 77 per cent of workers aged between 18-34 in the capital are looking forward to coming back to the office, compared to half of staff aged 35 [...]
New creative projects will help power City’s COVID recovery July 20, 2021 Five creative schemes designed to help the Square Mile recover from the pandemic have been given the green light today. Under the plans, businesses and creatives will work together to animate shops, offices and foyers across the City with art, boosting footfall and attracting people back into the Square Mile. Young people will learn new [...]
Exclusive: Argyll Club COO on the future of the City of London July 19, 2021 As England lifts most Covid-related restrictions from today, City A.M. sits down with Emily Smith, chief operating officer of flexspace provider The Argyll Club, to zoom in on the future of the Square Mile post-pandemic. Smith is a true industry veteran, with 20 years’ experience and stints at IWG, Regus, The Crown Estate and Grosvenor. Now, she sits at the helm of The [...]
Workspace CEO: London’s working map will change as offices reopen but it’s an opportunity for true innovation July 13, 2021 There is widespread agreement that we are all undergoing a fundamental re-examination of our day-to-day lives as a result of the pandemic. Few aspects of modern life have been scrutinised as much as they way we work and where we work. With restrictions on work from home set to be lifted, much of this is [...]
UK management consultancy industry smashes forecasts with £12bn revenue July 5, 2021 The UK’s management consultancy industry has grown at double the rate expected for this year, with revenue hitting £12bn, according to the industry’s representative body. The report by the Management Consultancies Association (MCA) found exports have doubled, despite working from home orders across the UK. “The global attractiveness of the UK consulting sector, the second biggest in [...]
Exclusive: Sub-let workspace market shrinking in win for office culture July 5, 2021 The rate at which occupiers are seeking to dispose of their office space is showing strong evidence of decline, in a win for office culture. At the end of January 2021, almost 500,000 square feet of sub-let space was made available, according to global real estate advisor CBRE. Since then, the amount of space becoming [...]
One-in-four UK financial services workers want to work from home full-time, says new survey July 5, 2021 Almost one-in-four of the UK’s financial services workforce wants to work at home permanently post-pandemic, according to a new survey from Accenture. The survey found 24 per cent of the country’s 1m financial services workers “would prefer to work entirely from home once a full return to office is possible”, while 69 per cent said [...]
Property investor Kennedy-Wilson buys £177.5m London office building June 29, 2021 American company Kennedy-Wilson Holdings has bought an office building in London for £177.5m, betting on a rebound in workspace demand after the pandemic and Brexit hit property valuations in the city. The U.S.-based real estate investment firm’s purchase of One Embassy Gardens, a 156,000-square-foot building in Nine Elms district, follows its recent sale of a central [...]