Virtual offices create very real profits at Regus August 26, 2015 SHARES in office outsourcing firm Regus jumped yesterday after the company reported an 86 per cent growth in underlying profits and double-digit revenue growth during the first half of the year. Revenue grew 16.4 per cent to £937m, up from £804.7m for the same period the previous year, while underlying pre-tax profit was £57.8m for [...]
London property prices: The Shard skyscraper smashes record for office rents as Leonteq Securities takes entire 26th floor August 25, 2015 A letting at The Shard skyscraper in London Bridge has smashed price records for the South Bank and the City, as the hunt for office space in the capital heats up. German-listed IT company Leonteq Securities is understood to have struck a deal to take the entire 26th floor of the tower for over £90 [...]
Cost of London office space set to soar amid supply shortages July 22, 2015 Office space is in short supply, putting upward pressure on prices, a new survey of property surveyors reveals today. In central London, 60 per cent more surveyors are seeing a rise rather than fall in demand across all areas, the research undertaken by the Royal Institution of Chartered Surveyors (Rics) said. As a [...]
A healthy office space is fundamental for success July 7, 2015 Over one million people in the UK suffer from work-related illnesses every year, according to a recent study from the Institute of Health and Care Excellence (NICE), and the resulting cost to the economy is huge. Read more: London’s new crisis: A shortage of offices will do immense damage While the influence of office [...]
WeWork launches shared office space for start-ups at Moorgate July 1, 2015 A US COMPANY that provides flexible workspace to start-ups is hoping to tap into demand among London’s thriving tech community after launching a new site near Moorgate station today. WeWork has taken eight floors at Brookfield’s Moorgate Exchange, its fourth location in the UK after opening in Sea Containers House, Soho and Devonshire Square over [...]
Shoreditch summer: This Hoxton treehouse is the perfect office space for the sunny weather June 11, 2015 Now summer's here (for one day at least) there's nothing worse than being cooped up inside while the sun streams across the City. Being confined to a cubicle's not much good for productivity, either. So now the creative folk up in Hoxton have created a new kind of office where you can get your work done [...]
Lack of London office space drives a 24 per cent increase in office construction May 19, 2015 The amount of office space under construction in London rose by 24 per cent in the six months to the end of March, rising to 9.5m square feet. A report by Deloitte shows the improving economy is driving a rise in speculative building, with more and more office space available to let. A dearth of [...]
Construction booming in the City as companies vie for office space May 18, 2015 Building activity in central London has soared by 24 per cent over the last six months, as developers scramble to meet demand for space, which remains in short supply, according data released today. Deloitte Real Estate’s latest London Office Crane Survey said there were 31 new starts in the period contributing 4.4m square feet (sq [...]
The Shard just let another 20,000 sq ft of office space to a recruiter May 15, 2015 The Shard may be one of the most recognisable buildings in London, but since its official opening in 2012, office rentals at the building have come in more of a trickle than a gush. But today the building's owners announced its latest letting: 20,200 sq ft of space on the 10th storey will go to [...]
Why your office space really counts: How your workplace environment can impact your productivity April 12, 2015 Creativity, collaboration and contentment are determined by the environment you build. British employees work the longest hours in Europe, and 70-plus hour working weeks are the norm for many in our major cities. With the majority of our waking day spent in the office, it’s never been more important for employers to ensure that their [...]