All articles by Jamie Bennett-Ness – Page 11
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News
Barclays agrees to stay at Canary Wharf HQ until 2039
Barclays has agreed to extend its lease at One Churchill Place by five years in a vote of confidence in Canary Wharf’s struggling office market.
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News
Lloyd’s of London to stay at iconic City HQ until 2035
Lloyd’s of London has struck a deal to stay in its famous City headquarters at One Lime Street until at least 2035 after reaching an agreement with Chinese investor Ping An.
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News
Mencap sells long-time London HQ and buys replacement
UK charity Mencap has sold its long-term London headquarters for an undisclosed sum and is preparing to move to a new site for the first time in 50 years.
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News
Fora expands City flex offering with new location at Sixty London Wall
Flexible workspace provider Fora has reached an agreement with LaSalle Investment Management (IM) to open a new location at Sixty London Wall, expanding its co-working offering in the City of London.
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News
Mission Street and BGO secure consent for major central Oxford science scheme
Mission Street and BGO have secured resolution to grant planning permission for their central Oxford commercial science scheme spanning 180,000 sq ft.
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News
LondonMetric and LXi REIT in merger talks to create £3.9bn company
LondonMetric Property and LXi REIT have confirmed they are in discussions over a possible all-share merger of the two companies to create a firm valued at £3.9bn.
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News
Shaftesbury Capital slims down board as three NEDs leave
Shaftesbury Capital has announced that three non-executive directors (NEDs) will step down at the end of January to slim down as it restructures following the merger of Shaftesbury and Capital & Counties in March.
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Online
Investment firm Millennium pre-lets 176,000 sq ft Mayfair office scheme
Berkeley Estate Asset Management (BEAM) has pre-let the whole of its 176,000 sq ft office scheme in Mayfair to global investment firm Millennium for its European HQ.
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News
WeWork claims record month for bookings in London
WeWork has reported its strongest-ever month for bookings in London, claiming that a robust return-to-office trend is proving the “resilience” of its brand despite its dire financial situation.
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News
Parthena Reys buys Manchester’s largest office building from NatWest
Parthena Reys has purchased Manchester’s largest office building, One Hardman Boulevard, from NatWest Group for an undisclosed figure.
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News
Hammerson welcomes 115,000 sq ft of retail openings at Bullring & Grand Central
Hammerson has announced 115,000 sq ft of new retail openings at Bullring & Grand Central in Birmingham after a flurry of new openings late in the year.
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News
Aviva Investors fully lets York Street offices in Manchester
Aviva Investors has fully let its 11 York Street office scheme in Manchester after agreeing a deal with Ecclesiastical Insurance for the remaining space.
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News
Savills reports record year for auction sales
Savills’ auction department has reported a record year in 2023, with the hammer coming down on over £570m worth of property over the year, the highest amount in the team’s history.
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News
M&G agrees JV with Nomura on £200m West End office scheme
M&G Real Estate and Nomura Real Estate Development (NRED) have agreed a joint venture on The Fitzrovia, a £200m office-led scheme on Tottenham Court Road in London’s West End.
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News
Workspace agrees deal to power office portfolio with Devon sunshine
Workspace Group has agreed a substantial energy deal with Statkraft to power the majority of the landlord’s offices with solar energy from Devon.
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News
Birmingham council looks to £2.4bn property portfolio as first cuts announced
Birmingham City Council has approved a new property committee, which will be tasked with selling off assets, as the local authority looks to its £2.4bn property portfolio to bridge a large budget deficit.
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News
King’s Cross Central chief Robert Evans to leave Argent after 23 years
Robert Evans, partner at Argent and Related Argent and a key figure in the regeneration of King’s Cross Central, is set to leave after 23 years at the company.
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Insight
A year in review: Offices
A huge drop in investment, along with value write-downs and subdued demand from occupiers, has taken a toll on the office sector this year.
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News
Completion of £300m justice quarter ‘at risk’ of rights of light injunction
Completion of the £300m ‘justice quarter’ development on Fleet Street is under threat of an injunction served by its neighbours under rights of light laws.
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News
Government accelerates plans to move 22,000 civil service jobs out of London
The government is bringing forward its target to move 22,000 civil service jobs out of London to 2027 with the announcement of three new second headquarters in Aberdeen, Darlington and Greater Manchester.