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Office Property News

All the news from the office property market – commercial office buildings, development, deals and investment.

Liverpool

Kier and CPT picked for Liverpool’s £200m Pall Mall scheme

22 February 2017

Kier Property and Manchester developer CPT have been selected by Liverpool City Council to deliver its new mixed-use commercial quarter, Pall Mall Exchange.

Av salary sex

Salary survey 2017: Pay packets take a hit post Brexit vote

17 February 2017

Average salaries and bonuses have fallen sharply in the past year as the double whammy of a cooling market and the Brexit vote hit home, reveals the annual RICS and Macdonald & Company UK salary survey, shared exclusively with Property Week.

ODB communal space image

Savills launches into flexible office space with new firm

22 February 2017

Savills has announced the launch of its new co-working and serviced office space venture Workthere.

Virgin Media House

L&G sells Virgin’s Northern HQ

22 February 2017

Legal & General Investment Management Real Assets (LGIM Real Assets) has sold Virgin Media House in Manchester to Global Mutual for £19.7m.

20 Chapel Street

Orega signs for debut Liverpool office

22 February 2017

Serviced office provider Orega has exchanged contracts with British Airways Pension Trustees Limited (BAPTL) to take nearly 18,000 sq ft at 20 Chapel Street in Liverpool.

100 cheapside real picture (NO CGI) Standard Life

100 Cheapside fully let after law firm takes 11,247 sq ft

21 February 2017

Standard Life Investments has let the second floor of 100 Cheapside to law firm Goodwin Procter on a 15-year lease, bringing the building to 100% occupation.

International House Brighton

Savills takes landmark Brighton office for charities fund

20 February 2017

Savills IM’s Charities Property Fund (CPF) has acquired the freehold interest in International House, Queen’s Road, Brighton from Aviva for £11.2m, reflecting a net initial yield of 6.11%.

Expedia Angel building

Expedia expands in Angel

20 February 2017

Online travel company Expedia has announced it will lease an extra 138,000 sq ft at its UK office in London’s Angel, as part of its global growth plans.

77 Shaftesbury Avenue Snap

Snapchat ups its presence in London with international hub

17 February 2017

Snapchat is set to almost triple its current presence in London having agreed terms to occupy 20,000 sq ft of space in Shaftesbury Avenue.

Wardour Street Thor

Hermes real estate debt strategy completes £29m loan

17 February 2017

Hermes Investment Management has provided a £29m loan to the joint venture of Thor Equities and Chenavari Investment Managers to fund the acquisition of 147-155 Wardour Street in London.

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Anne Johnstone

People Moves: UK Environmental Law Association, Porters Chartered Surveyors and more

All the latest moves, appointments and promotions from across the property sector.

3PL sheds artwork

Third-party logistics providers: the space race

These days even die-hard Luddites are shopping on their smartphones. Technology is transforming the way people buy goods and that is transforming the logistics sector.

Southern Railway

Southern train strikes putting commercial development at risk

Southern Railway did not have a great reputation for reliability to begin with, but the long-running dispute with the RMT and ASLEF unions over the roles of conductors and drivers has shredded what little reputation it had.

Pension funds

Pension funds: in need of a better plan?

UK pension funds have always liked putting money into property, but they don’t invest anywhere near as much as you might think.

Sky Central, London

Progressive workplace design meets Sky’s high standards

A move to a new office is a headache for any occupier. But what if that move involves relocating 3,500 staff to a purpose-built office so long it is effectively a 31-storey skyscraper on its side, and helping those staff transition to an activity-based working environment?

Containerville

Let's think outside the traditional office box

What does a landlord want for Christmas? Probably a long-term, profitable tenant. Ask a small business what it wants from Santa and chances are the answer is “a flexible, affordable space that allows me to grow”.

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