Offices news
SoftBank walks away from $3bn WeWork shares purchase
SoftBank has walked away from buying $3bn (£2.4bn) of WeWork stock.
Office sector will weather pinch on co-working occupiers, analysis finds
The stress co-working and flexible offices are feeling from population lockdowns ha not seeped into the broader office market yet, according to a new analysis by independent economic research firm Capital Economics.
Legal & General sells Bracknell office for £33m
Honeywell House in Bracknell has been sold by LGIM Real Assets to Runnymede Borough Council for £32.9m.
FORE Partnership sells Yorkshire House and Hub to Castleforge Partners
FORE Partnership has sold Leeds office building Yorkshire House and Hub to Castleforge Partners for £22.15m, reflecting a yield of 4.9%.
Flexible workspace bosses ask for business rates relief to save ‘hundreds’ of operators
The heads of more than 30 flexible workspace businesses have written to chancellor Rishi Sunak warning “hundreds” of operators could go under because of declining membership in light of the Covid-19 outbreak.
Inc & Co buys serviced office provider
Inc & Co Property Group has acquired serviced offices specialist Prospect Business Centres, which provides 1,500 desks in seven locations across Leeds and London.
First Base submits plans for £175m Bristol mixed-use scheme
Developer First Base has submitted planning permission for a £175m mixed-use scheme in Bristol.
