Lack of London office space a ‘major economic risk’, Reeves warned Politics London Property Alliance has called on Chancellor Rachel Reeves to recognise offices as essential economic infrastructure to boost the capital’s competitiveness. The organisation said that London faces planning barriers, rising costs and a shrinking supply of modern office space, with a 54 per cent drop in major planning applications over the past decade. “The Chancellor… [...]
Overseas investors return to London’s offices Property Real estate investment in London has risen for the second year in a row as appetite for the capital’s assets returns, according to a new report. Total investment is set to top £14bn in 2025, below the 10-year average of £18.1bn but significantly higher than in 2023 and 2024, according to a new report by [...]
London office starts lowest in 15 years Property New starts on London office developments have fallen to their lowest level since 2010, City AM can reveal, as stubbornly high interest rates and thorny planning laws continue to blight construction in the capital. In the 12 months to October, construction got under way on just 2.5m square feet (sq/ft) of London office space, less [...]
Knights Templar-inspired office building gets green light June 17, 2025 Plans to build a mixed-use office scheme in Holborn on the site of the former Knights Templar Church have been approved by the City of London Corporation. The new building will replace the existing Holborn Gate, Heron House and 44 Southampton Buildings on Chancery Lane. It will include a 300-person capacity immersive auditorium as well [...]
TikTok to create over 500 UK jobs as major plans revealed June 9, 2025 TikTok is to create more than 500 UK jobs and open a second office in London, it has been revealed. The Chinese-owned social media firm has confirmed its UK workforce will expand to 3,000 by the end of 2025 and it will open a new 135,000 sq ft office in London’s Barbican. The group already [...]
Avison Young loses over £100m for a second year as more jobs cut May 29, 2025 More than £100m has been lost for a second consecutive year by the UK and European arm of global commercial real estate services firm Avison Young as it continued to cut jobs, it has been revealed. The Birmingham-headquartered division has reported a pre-tax loss of £101.8m for 2024, having posted the same total for 2023. [...]
Central London offices ‘top pick’ for UBS real estate analysts May 15, 2025 London office real estate investment trusts (REITs) like British Land are the “top pick” for UBS analysts, as interest in the capital has surged since the start of the year. As property investors seek to move away from the US to avoid the uncertainty created by president Donald Trump, the UK has been one of [...]
London crowned most expensive city for office refits after ‘perfect storm’ of costs May 7, 2025 Demand for high-quality facilities and specialist skills has made London the most expensive city in the world to refit an office, according to new research. The average high specification project in London costs £4,671 ($5,932) per square metre, four per cent higher than runner-up New York and eight per cent higher than third-place Zurich, Turner [...]
Lego to relocate 1,500 staff to new landmark headquarters May 1, 2025 Lego is set to move its London headquarters from Farringdon to the iconic 76 Southbank in 2027, it has been confirmed. The Danish company will occupy 192,000sqft across three-and-a-half floors in the riverside building, originally designed by famed brutalist architect Sir Denys Lasdun. The redeveloped site, next to the National Theatre, has been modernised by [...]
Puma to move UK head office from London to Manchester May 1, 2025 Puma is to relocate its UK head office from London to Manchester after signing up to take space in a new £87m building. The global sportswear brand is to take 20,000 sq ft at 3 Circle Square in the city centre, which is due to open this summer. The head office will become home to [...]