Why the Fourth Industrial Revolution may create beach hotspots for investors February 27, 2019 The Industrial Revolution resulted in a rail network that has influenced real estate values ever since. Now the Fourth Industrial Revolution is driving the latest wave of value creation – for certain beach locations. Our focus on this blog is on identifying the shifting fortunes of global cities. Part of this involves careful analysis of [...]
Savills: UK tech companies choosing the City of London over Silicon Roundabout in first quarter of 2018 April 16, 2018 Tech companies are favouring the City over the fringe areas including the so-called silicon roundabout, according to the latest research from real estate advisor Savills. With almost three times as much office space committed to by technology firms in the City compared to the City fringe (which includes areas like Old Street and South Bank) [...]
Central London office space under offer soars to 18-year high | City A.M. July 12, 2018 Central London office space under offer has soared to an 18-year high, according to the latest figures from global real estate advisor CBRE. Roughly 4.3m square feet (sq ft) of offices in the centre of the capital was under offer in the second quarter of this year, rising 39 per cent over the three months [...]
Samsung selling Commerzbank’s £425m London HQ near Bank of England June 5, 2018 Samsung Life Insurance, the South Korean investment manager, is selling the London headquarters of Germany’s Commerzbank for £425m. Samsung is being advised by DWS in the sale of the 400,000 square foot (sq ft) building at 30 Gresham Street, which sits not far from the Bank of England and overlooks the Guildhall. Originally constructed by [...]
SoftBank’s Vision Fund leads $250m series D investment into data storage tech firm Cohesity June 11, 2018 Californian data storage firm Cohesity has closed an oversubscribed series D round at $250m (£186.2m), led by SoftBank’s Vision Fund in its second ever enterprise investment after workspace messaging app Slack. The round also saw participation from Cisco Investments, Hewlett Packard Enterprise (HPE), Morgan Stanley Expansion Capital and Sequoia Capital. Cohesity’s chief operating officer and president [...]
In-demand shared office firm IWG rejects offer from US investor Prime Opportunities May 29, 2018 Shared office space firm IWG has rejected an offer from Los Angeles-based property investor Prime Opportunities, just two weeks after it confirmed it had received offers from a trio of other firms. Prime Opportunities said that it had led a consortium which made a cash offer for the entire business, but that IWG had dismissed [...]
Private equity giant Carlyle picks up prime London City building on Liverpool Street next to new Elizabeth Line station for £43m May 17, 2018 Private equity group Carlyle has acquired the City’s Crosspoint building on Liverpool Street from Lord Alan Sugar’s property group Amsprop for £43m. The building is set to form part of Carlyle’s new flexible office and co-working business Uncommon that the company founded together with the Adir group in June 2017. The newly rebranded ‘Uncommon Liverpool [...]
A new fintech accelerator is launching in London as Investment Association plans VeloCity February 19, 2018 London is getting a new tech accelerator that will focus on fintech, in particular startups looking to shake up the asset management industry. VeloCity will be launched by the Investment Association later this year to bring innovation to the industry. Read more: Maybe it’s time we ditched fintech? Members of the group, which represents more [...]
WeWork snaps up 280,000 square feet of space in South Bank for setting up the largest co-working space in the world June 7, 2017 US shared office group WeWork has agreed to lease 280,000 square feet near Waterloo station to set up the world's largest co-working space. Owned by property giant Almacantar, the space at Two Southbank Place was let as part of London's largest leasing agreement this year so far. WeWork has 12 locations in the capital and [...]
Citi picks London for latest fintech innovation hub February 11, 2018 Citigroup has selected London’s tech hub as the next site in its innovation lab network, creating new jobs on the fringes of the City. Headquartered in one of WeWork’s shared workspaces in Moorgate, the London innovation lab will employ 75 technologists from different backgrounds. It is the latest in a string of technology hubs set [...]