Helical reveals progress on London properties and new debt facility Property London-listed property development firm Helical said it has made “good progress” on a number of targets it set earlier this year, in a trading update ahead of its half year results. In the six months ending 11 October, Helical started work on a “carbon friendly” office next to City Thameslink station, and is repairing its Brettenham House in [...]
Leading co-working hub Huckletree set to unveil new location in the heart of the City Entrepreneurship One of the UK’s most well-known co-working office spaces is set to open its doors in the heart of the Square Mile this fall as it looks to further expand its "dynamic ecosystem".
Workspace CEO: Wework recovery poses no threat to business as firm hikes dividend Property The chief executive of one of London’s biggest flexible hybrid providers, Workspace, said rival Wework has done a “lot of good things” for the sector as the chain emerges from Chapter 11 bankruptcy.
Softbank to invest $9bn in pivot to AI May 27, 2024 Japanese tech company Softbank is to invest almost $9bn in artificial intelligence, as it pivots away from its traditional venture capital model of investing. Softbank became known globally for its flagship Vision Fund, investing in pie in the sky companies which occasionally translated to a massive win. Most famously, the company invested a staggering total [...]
Soho House: Waiting list for Kendall Jenner favourite reaches record high ahead of Manchester, Sao Paolo and US openings May 10, 2024 Soho House's memberships jumped 10 per cent to 261,571 in the fourth quarter ahead of openings in Manchester, Sao Paolo and the US.
IWG maintains full-year guidance amid US listing talk May 7, 2024 Wework rival IWG has said it is on track to meet full-year profit and debt reduction forecasts after warnings over rising costs in March.
Wework founder Adam Neumann iced out of £359m bankruptcy deal April 30, 2024 Troubled office space provider Wework has unveiled a new plan to absolve itself from bankruptcy, and it does not involve Adam Nueman its founder who was looking to regain control of the business.
Risky debt investors flood into Thames Water debt as regulator plots carve-up April 28, 2024 Thames Water is currently buckling under a £15bn debt pile, and the price of its bonds has collapsed over fears it might go into administration.
Private equity valuations are holding firm in the face of higher rates but can we trust them? April 27, 2024 Private equity valuations have built up a reputation for being overestimated, but is that really the case?
Helical extends London Wework lease amid takeover talks April 22, 2024 Property investment and development company Helical has extended its lease with Wework until June following a decision late last year to remove the struggling hybrid workplace provider after it could no longer pay its rent.