Workspace: London flexible office firm’s profit up despite low occupancy rates Business Flexible office provider Workspace has continued to see an uptick in demand for lettings despite a slight downturn in occupancy rates. The business, which manages millions of square feet of office space across London, saw a 4.3 per cent boost in underlying rental income, bringing it to a total of £60.2m. In line with “good customer [...]
Bosses believe WFH will come to an end – wishful thinking? Opinion Given the City of London is a major destination for commuters (especially those working in professional services) the new rhythm of hybrid working is perhaps more visible in the Square Mile than elsewhere. Generally speaking, Mondays seem a little thin while Tuesdays, Wednesdays and Thursdays feel busier than ever. Fridays remain somewhat subdued. On the [...]
Asda cuts jobs and demands three-days-a-week return to office Retail Asda has announced job cuts and asked its staff to return to the office three days a week in the latest move in its turnaround plan. In an internal email on 5 November, the grocer said it was changing its office attendance policy at its George House site in Leicester as well as its Asda [...]
IWG buoyed by workers returning to the office November 5, 2024 Hybrid workspace platform International Workplace Group (IWG) has reported an uptick in revenue boosted by strong growth in its managed and franchised properties. Revenue grew by two per cent in the three months to 30 September, 2024, on a year-on-year constant currency basis, the company told markets this morning. The firm grew revenue at its managed and [...]
Santander cracks down on hybrid working as return to office trend grows September 8, 2024 Santander has cracked down on its approach to hybrid working in what is seen as yet another sign that companies are beginning to favour more in-office working patterns.
GSK moves into New Oxford Street office in boost for central London July 16, 2024 GSK has opened the doors to its new West End office - called the Earnshaw.
Will the four-day week become the norm? July 11, 2024 The four-day week has garnered a lot of good press, but just how likely is it to become the norm in the UK?
IWG maintains full-year guidance amid US listing talk May 7, 2024 Wework rival IWG has said it is on track to meet full-year profit and debt reduction forecasts after warnings over rising costs in March.
GPE bolsters flex team as it ups hybrid office space target April 29, 2024 One of the capital’s biggest landlords, GPE has announced the appointment of three new senior members to its flex office team, as it targets a portfolio of one million sq ft of flexible space in central London.
Helical extends London Wework lease amid takeover talks April 22, 2024 Property investment and development company Helical has extended its lease with Wework until June following a decision late last year to remove the struggling hybrid workplace provider after it could no longer pay its rent.