Blackstone close to £700m deal for commercial landlord Industrials REIT April 3, 2023 US private equity giant Blackstone is close to a £700m take-private deal with London-listed landlord Industrials REIT as it ramps up its bargain-hunt on UK property firms.
Death of the office? Don’t tell City businesses as leases shoot up in the first quarter April 26, 2022 London’s office market looks fitter and healthier than ever before, according to the two of the UK’s largest property firms, despite the lures of working from home. Take up of office leases in central London shot up 89 per cent year-on-year in the first quarter, CBRE data shared exclusively with City A.M. revealed. City firms [...]
Investment in London office space returns to pre-pandemic levels January 5, 2022 Investment into London offices has returned to pre-pandemic levels, new research has revealed, after the pandemic nearly killed off the traditional workplace. Investors pumped £11.3bn into office transactions last year, preliminary data from property agent CBRE found, matching 2019’s figure. The cash injection was nearly 50 per cent higher than the £7.6bn recorded in 2020, [...]
City Moves: Who’s switching jobs in the Square Mile? April 27, 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. Intuit Intuit, the technology platform behind QuickBooks, Mailchimp and Credit Karmahave hired a new vice president and UK country manager. Jolawn Victor has previously held senior roles at QuickBooks and PepsiCo. Joining from popular meditation app Headspace, where she was chief international officer, [...]
Exclusive: New co-working hub headed to Oxford Street this autumn September 6, 2022 A new co-working hub is coming to Oxford Street, City A.M. can reveal today. Office and workspace company Huckletree, which operates across some of the biggest cities in the UK, is set to unveil its fifth London site in November. The 22,000 square foot workspace, in Jubilee House, is hoped to bring a much-needed boost [...]
Online searches for shared workspaces more than double as more Brits move towards hybrid working July 27, 2022 Interest in companies providing shared workspaces continues to rise as businesses look for new approaches to hybrid working. In fact, online searches for ‘WeWork’ more than doubled (up 144 per cent) in the first six months of 2022 compared to last year, while searches for ‘Workspace’ rose by nearly a third (32 per cent), as [...]
London tourism revival gets boost as Pocket Planet latest to land in Oxford Street September 5, 2023 Oxford Street’s continued revival has been given another vote of confidence, with the launch of miniature world specialists Pocket Planet as the latest to take up a spot in the West End. Retail leaders have heralded plans to open its 30,000 square foot indoor world as proof of the capital’s investment attractiveness, and big brands’ [...]
Office market booms as Tfl passenger numbers climb again January 28, 2022 Take up of Central London office space soared at the end of last year, in a major boost for the City’s revival this winter. Tenants took up 3.2m sq ft of London office space in the final quarter, exclusive data from real estate firm CBRE revealed. This was the strongest take-up since the end of [...]
Revealed: The impact Gary Neville’s £400m landmark Manchester development is having January 25, 2024 Gary Neville's £400m landmark development dominated a city's office market in 2023, in the same way it will soon do with its skyline.
Aviva Investors suspends property funds as CBRE warns of market uncertainty March 18, 2020 Aviva Investors has suspended its property fund, following similar decisions by Kames Capital and Janus Henderson yesterday. In a statement, Aviva Investors said the coronavirus outbreak had impacted the UK property market and “made it difficult to value the property owned by the funds with the same degree of certainty as would otherwise be the [...]