Landlords urged to be flexible in an uncertain office market
Adaptability is key to making the new era of hybrid working a success for tenant and employee alike.
WeWork’s 120 Moorgate goes under offer to Singaporean investor
A Singaporean investor has gone under offer to buy WeWork’s 120 Moorgate for around £148m, which would reflect a yield of 4.75%.
Offices still have a role to play but must adapt to new needs
While it is not ‘RIP offices’, the market needs to embrace the fact that they are not the only places to work in.
Convert retail assets to flex space
Editor: News that banks are refusing to lend on portfolios that are heavily weighted towards retail is indicative of the continued evolution of the high street. In 2020 alone, year-on-year retail footfall dropped by more than 40%.
WeWork posts more losses in first results since IPO
WeWork has reported a further loss of $3.83bn (£2.85bn) for the nine months to 30 September 2021, in its first results since going public last month.
