EY reviews London office headquarters as lease renewal nears November 21, 2023 EY has launched a property review of its London headquarters as the Big Four firm prepares for the end of its lease. According to The Telegraph, the firm launched a review of its More London office, near London Bridge, as its 25-year lease on the building expires in 2028. Its More London office spans across [...]
Covid unicorn Hopin enters liquidation as it moves head office to US February 26, 2024 Tech unicorn Hopin, which was once worth $7.75bn, has entered liquidation less than a year after it sold off its titular events platform.
WeWork: Is it nearly the end for the ‘future of work’ office firm? November 1, 2023 WeWork, the office leasing company, is headed for Chapter 11 bankruptcy protection, according to a number of reports in the US overnight. The firm has been battling a substantial debt pile for years and earlier this year flagged ongoing concerns and worries to investors. Bankruptcy protection in the US would give the firm, which once [...]
Mark Kleinman: Post Office needs a boss who can read the room September 26, 2024 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City AM column.
‘Misperceived and undervalued’ office renting firm IWG urged to quit London listing September 10, 2024 A leading shareholder in International Workplace Group (IWG) has called for the co-working firm to quit its London listing and relocate to the US to boost its value. Miami-based investment firm Buckley Capital Management, which said it was a top 15 shareholder of IWG, argued that the London market ‘misperceived and undervalued’ IWG. “We believe that [...]
All the best offices are embracing the Great Outdoors (so leave HSBC alone) August 8, 2024 From smoking den to outdoor zen – offices are embracing green spaces, says Lucy Arthur
Flight to quality gets underway as half of London offices set to be ‘unlettable’ by 2027 August 7, 2024 Changes to energy efficiency requirements mean that a majority of office spaces in the capital won’t meet the minimum standard for leasing within the next four years, making it a race to re-fit before 2027. Minimum energy efficiency standards (MEES) currently require that rented commercial properties in England and Wales have a minimum EPC rating [...]
London office market battles red hot construction costs October 23, 2023 Glimmers of light are beginning to emerge for property developers in the City and the West End as demand for office leases climbs to its highest quarterly take-up so far this year, but rising construction costs are expected to hold back recovery. Figures from property consultancy Savills, showed that the number of leases secured in [...]
Hybrid losing its grip as more workers return to the office October 23, 2023 More workers are returning to the office for the first time since the pandemic, in a sign that hybrid working may be on the way out, according to a new survey. A total of 43 per cent of workers have now returned to the office, while 39 per cent of workers are maintaining a hybrid [...]
Compass: Return to office and university helps catering giant to double-digit growth July 23, 2024 Catering company Compass has reported double digit growth in the third quarter of 2024 as it looks to expand past North America and the UK. Revenue in Europe led with 12 per cent growth, while in North America it grew by 9.9 per cent and in the rest of the world grew by 8.5 per [...]