Exclusive: Europe copies US as first collateralised loan obligation is raised in £219m UK deal November 22, 2021 The first commercial real estate collateralised loan obligation in Europe’s history was completed on Friday in a deal worth £219m. Backed by a portfolio of nine commercial mortgage loans originated by Starz Mortgage Capital, the deal was concluded with international law firm Reed Smith acting as advisors. “We really could be seeing the birth of [...]
Here’s what the City of London skyline will look like in 2030 November 1, 2023 The City of London corporation has released visualisations of what the City's transformation by 2030, with the Walkie Talkie building dwarfed by an array of new skyscrapers.
New flexible office space coming to Liverpool Street after Wework’s bankruptcy November 28, 2023 The site was designed by architects at dMFK, and is part of British Land’s 32-acre Broadgate site, which hosts top financial, legal, tech and media firms, as well as well-known retailers.
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”.
Shell announces new CFO following London HQ move March 1, 2022 Shell has appointed Sinead Gorman as its new chief financial officer with Jessica Uhl stepping down following the firm's HQ move to London.
Former Fujitsu supplier Escher Group eyes London stock market comeback August 22, 2024 Escher Group, a former supplier to Fujitsu, the tech giant embroiled in the Post Office scandal, is reportedly planning a return to the London Stock Exchange after its delisting in 2018. The software company is working with bankers from Singer Capital Markets on a potential initial public offering (IPO) that could occur as early as [...]
Headhunting firm nabs Battersea space in vote of confidence for the office June 1, 2021 Perrett Laver has signed a 10-year lease on space at One Embassy Gardens in Battersea, in a vote of confidence for the office. The headhunting firm will take half of the ninth floor at One Embassy Gardens, covering some 5,800 sq ft. The company is moving from offices in Westminster, and will join tenants Penguin [...]
New York tightens leash on home working as London TWaTs lag behind November 28, 2023 Employees' hesitancy to return to the office full time has had an impact on the health of commercial properties, especially in the City.
UK border chief warns London City Airport is gateway to ‘high-risk’ private jet arrivals in Britain February 20, 2024 "High-risk" passengers arriving in Britain on private jets are slipping into the country without security checks via London City Airport, the chief inspector of borders and immigration has warned.
Katten hikes London associate pay as competition for City law firms soar January 10, 2022 Law firm Katten Muchin Rosenman has raised its pay for London associates by some £10,000 for each experience level today, as the competition for applicants soars in London. The new salary pay-grades, which also accompany potentially lofty bonus’, will see junior lawyers on a £108,000 annual salary. Associates with one year post-qualified experience (PQE) will have [...]