The secretive short seller looking to bulldoze Soho House February 12, 2024 Glasshouse Research launched an attack on Soho House last week and predicted the firm was heading the way of WeWork - but who are Glasshouse?
Britain on a ‘downer’, says IWG boss as firm mulls US listing February 11, 2024 The boss of IWG has branded Britain as being on “bit of a downer” as the company continues to mull over a potential switch from a UK to a US listing. Mark Dixon, who founded the flexible working firm formerly known as Regus in 2016, said that the UK economy “looked very sluggish from the [...]
Victoria Scholar: The economic clouds are parting – for housebuilders, at least February 8, 2024 Victoria Scholar is head of investment at interactive investor and writes a fortnightly notebook for City A.M. In a surprise announcement, Britain’s largest homebuilder Barratt Developments has offered to buy smaller FTSE 250 rival Redrow in a £2.52 billion deal. The announcement skyrocketed shares in Redrow, while Barratt extended its year-to-date declines. The new ‘Barratt [...]
Who owns Girona now? How much did City Football Group pay in 2017? February 7, 2024 All you need to know about who owns Girona FC.
Adam Neumann wants to buy Wework out of bankruptcy February 6, 2024 Adam Neumann is trying to buy Wework out of bankruptcy, the company he founded and was later ousted from, according to reports.
Fora chief: Wework trouble ‘doesn’t reflect the strength’ of London’s flexible market February 5, 2024 Enrico Sanna, the chief executive of Fora, said the troubled situation Wework is facing “doesn't reflect the strength of the market”.
Workspace: London office provider’s chief to retire after 16 years at the helm January 25, 2024 Flexible office provider Workspace will kick off the recruitment process for a new chief executive, following the retirement of its current boss.
Wework dragged to court over refusal to give up lease on London Southbank office January 24, 2024 Embattled co-working space Wework is being dragged to court because it is refusing to forfeit the lease at one of its most profitable locations on London’s Southbank, according to reports. Almacantar, the property developer who oversees the building at 10 York Road, has been trying to kick the troubled American firm out since it filed [...]
London office vacancy rates to rise in City, Wharf and West End amid Wework trouble January 22, 2024 London office vacancy rates are expected to rise by the end of the year, in another blow for the health of the capital’s commercial property market.
8 Bishopsgate: Reinsurance firm buys 50,000 sq ft of new City of London tower January 14, 2024 One of the City’s newest skyscrapers, 8 Bishopsgate, is filling up with new tenants as a reinsurance firm has taken up two-and-a-half floors. SCOR will occupy 50,000 square feet of the new tower in the heart of the Square Mile, which is 51-storeys, 204-metre tall, and the 10th largest in the capital. The reinsurance provider [...]