City facing new jobs bloodbath November 5, 2012 THE NUMBER of jobs in the City is set to hit a 20-year low as London firms continue to lay off staff in the face of ongoing economic turmoil. City A.M. has been given exclusive access to figures from the Centre for Economics and Business Research (CEBR) – and the prognosis for London’s financial services industry [...]
Olympics stress test: Londoners to practise for the Games this week by working from home May 7, 2012 LONDONERS will this week stress test the capital’s readiness for this summer’s Olympics, with just over two months to go until the Games begin. Organised by Deloitte and Canary Wharf Group, up to 100 London firms will today and tomorrow perform a trial run of their plans for the Olympics, “to warm up for the [...]
Olympics stress test: Londoners to practise for the Games this week by working from home May 7, 2012 LONDONERS will this week stress test the capital’s readiness for this summer’s Olympics, with just over two months to go until the Games begin. Organised by Deloitte and Canary Wharf Group, up to 100 London firms will today and tomorrow perform a trial run of their plans for the Olympics, “to warm up for the [...]
BNY extends its stay with Canary Wharf January 25, 2012 BNY MELLON has decided to stay put at its offices in Canary Wharf with the US bank renewing its lease at One Canada Square for a further eight years. The bank, which is leasing six floors at the top of the 50-storey skyscraper, has signed a new term with its landlord Canary Wharf Group, beginning [...]
BNY extends its stay with Canary Wharf January 25, 2012 BNY MELLON has decided to stay put at its offices in Canary Wharf with the US bank renewing its lease at One Canada Square for a further eight years. The bank, which is leasing six floors at the top of the 50-storey skyscraper, has signed a new term with its landlord Canary Wharf Group, beginning [...]
A tale of two property developers January 25, 2012 BUILD it and they will come. That was the mantra which underpinned speculative developments during the boom years. These days it’s more like “show me the tenants and I’ll show you the money”. Without a confirmed pre-let, it’s awfully difficult for smaller developers to get funding, hence why work on the so-called Helter Skelter has [...]
A tale of two property developers January 25, 2012 BUILD it and they will come. That was the mantra which underpinned speculative developments during the boom years. These days it’s more like “show me the tenants and I’ll show you the money”. Without a confirmed pre-let, it’s awfully difficult for smaller developers to get funding, hence why work on the so-called Helter Skelter has [...]
Open House unlocks London’s hidden gems September 20, 2012 The Gherkin 30 St Mary Axe, EC3A 8EP; Sunday 9am-5pm Sir Norman Foster’s spectacular 40-storey office building has become a landmark of the London skyline. Built in the heart of the financial district, it has 360-degree views across the city. Every 10 minutes, groups of 30 people will be shown around this magnificent building. Heron [...]
Qatar sovereign fund close to buying Credit Suisse London HQ January 29, 2012 QATAR’S sovereign wealth fund Qatar Investment Authority (QIA), is in the final stages of acquiring Credit Suisse’s headquarters in London and may sign the deal in a few weeks, two sources familiar with the matter said. “They’re working out the details now. It’s a matter of a few weeks,” one of the sources said, adding [...]
Canary Wharf to expand its East End estate with a brand new site January 18, 2012 CANARY Wharf Group is set to radically expand its east London estate after taking full control of Wood Wharf, a semi-derelict site adjacent to its existing estate. The company bought the 75 per cent stake it doesn’t already own from partner British Waterways and Irish property company Ballymore in a deal worth £90m. The site, [...]