Insight and comment
It had been coming (and critics would say he had it coming). The only surprise is that it did not happen sooner.
The Covid-19 pandemic has undoubtedly had the most significant impact on the world economy since the global financial crisis (GFC).
How fragile yet dynamic the workplace has become over the past four or five decades. Ever since Sir Stuart Lipton and DEGW produced the Orbit Study to underpin the then revolutionary occupational and related investment case for Broadgate, change has been piled on top of change in a never-ending quest ...
This has been a year to forget so far. On 20 February, global equity markets plunged in a crash rivalling the 2008 downturn. Though they have rallied thanks to central bank support, hopes for a Covid-19 vaccine and a rebound in business activity as governments ease lockdown, things could take ...
Legal and professional advice
In a parallel with the 2008 financial crash, occupiers will be looking for variable rents and space on demand.
As uncertainty as to when business as usual will resume continues, one significant challenge is financial year-end reporting. For most organisations, the impact of Covid-19 could be a major factor influencing valuations in financial statements submitted under financial reporting standards.
In response to the ongoing pandemic disruption across markets, the government has instituted a ban on commercial forfeiture for rent arrears. Yet for all the fanfare that greeted this announcement, the key question remains why?
Experts have questioned the likely impact of the plan to ‘severely restrict’ loans to councils on the grounds that it is not mandatory.
Post-pandemic offices are likely to include socially distanced desks, touch-free facilities and more greenery