All London articles – Page 14
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There’s no profit in standing still
As you may have noticed, during the holiday break we’ve had the decorators in to update our print magazine’s look and feel. I hope you like the result, which is part of Property Week’s never-ending effort to improve the service we provide.
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EU faces £400m bill for empty London office after WeWork troubles
The European Union faces a potential bill of £400m for an empty London office it vacated in 2016 in the wake of Brexit and sub-let to WeWork, following the flexible workspace giant’s bankruptcy in the US.
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Meta to close One Rathbone Square HQ
Facebook parent company Meta is leaving its London headquarters at One Rathbone Square in a dramatic reduction of its UK office footprint.
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‘Economic risks’ cause Sainsbury’s and FEC to drop 950-home east London scheme
Sainsbury’s has abandoned plans to redevelop a supermarket in Whitechapel, east London, where it also intended to build almost 1,000 homes and a hotel.
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CBRE warns up to 11.9m sq ft of inefficient office space is set to hit London market
A wave of energy-inefficient office stock is set to hit the London market, with up to 11.9m sq ft of space with an Energy Performance Certificate (EPC) of ’C’ due to be released by 2027, according to research from CBRE UK.
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Grosvenor and Generali launch £100m resi private debt co-investment strategy
Grosvenor Property UK and Generali Real Estate have launched a £100m residential private debt co-investment strategy today (9 January).
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Las Vegas Sphere developer withdraws Stratford plans lamenting ‘political football’
The US developer behind plans for the highly controversial Sphere venue in east London has pulled its planning application, dubbing the process “a political football between rival parties”.
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Prologis’s 90,000 sq ft Croydon expansion plans get green light
Logistics developer Prologis UK has secured planning permission for four new units in a second phase of development at Prologis Park Beddington in Croydon, south London.
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WeWork says UK arm faces ‘material uncertainty’ and owes parent firm £731m
WeWork’s UK arm faces “material uncertainty” after posting a £123m loss and revealing it owes its parent company £731m, according to its latest accounts.
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Archer Hotel Capital pays £215m for two Hoxton-branded London hotels
Archer Hotel Capital has acquired two London hotels from Norlake Hospitality in a £215m deal.
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Online
Helical targets further lettings in final financial quarter
Helical has told investors it is aiming to build on “positive asset management progress” and achieve further lettings as it enters the final quarter of its financial year.
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Telford Homes and Poplar appoint Way of Life to manage east London resi tower
CBRE-owned residential developer Telford Homes, along with joint venture partner Poplar HARCA, has appointed Way of Life to manage 28-storey block of flats Balfron in Tower Tower Hamlets, east London.
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Luxury cinema Everyman takes space at The Brentford Project
Developer Ballymore has signed luxury cinema operator Everyman for The Brentford Project, its 1.2m sq ft riverside residential-led development in Brentford, West London.
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Global Holdings acquires West End’s Vogue House from Condé Nast
Global Holdings Group has completed the purchase of landmark Mayfair office Vogue House from publishing giant Condé Nast.
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British Land submits proposal for Euston Tower overhaul
British Land has submitted a planning application to transform 1970s central London skyscraper Euston Tower into a science and innovation workplace.
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Vue to move headquarters to Westfield London
Cinema operator Vue has chosen Westfield London as the location for its new headquarters.
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Big Yellow submits plans for new larger Brent Cross store and offices
Big Yellow Self Storage has submitted plans to bulldoze and rebuild its Brent Cross centre in north London, to create a net increase of almost 200,000 sq ft of floorspace.
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London facing 2024 lab space shortfall as development falls behind demand
The development of lab space in London will not keep pace with demand this year, according to research by Knight Frank, which warned that the lack of lab supply risks holding back the capital’s life sciences sector.
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Online
Unite begins construction on £185m east London PBSA scheme
Student accommodation giant Unite has begun construction of an £185m property in Stratford, east London.
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Online
HqO launches innovative Best Spaces to Work programme in London
HqO, a real estate experience platform, has launched what it calls the world’s first certification programme for end-user real estate experiences in London.