Offices news
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Prime office investments ‘to generate highest returns across all sectors’, AEW reports
The report also highlights improving expectations for capital values since Q4 2022 across all sectors apart fom offices.
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Industrious signs lease at former WeWork location in Moorgate
131 Finsbury Pavement will be the sixth, and largest, UK location for the flexible workspace provider.
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Savills reports 35% rise in Q1 London and South East office take-up
Greater London and South East office take-up rose to 648,000 sq ft in the first quarter of this year, up 35% on Q1 2023, according to Savills.
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Canary Wharf Group’s property values fall with offices hit hardest
Canary Wharf Group saw a loss of circa £900m on its office estate.
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UK investment volumes fall 11% in Q1, MSCI data finds
Q1 2024 was the fifth-worst quarter on record for office sales in London.
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IT and gaming firms take 47,000 sq ft at Native Land’s Arbor Bankside Yards
Sports betting and IT consulting firms will relocate their London headquarters to the development.
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Why the flex office sector no longer needs WeWork
Editor: Adam Neumann has made headlines in recent weeks for his $500m bid to buy back WeWork.
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Fitch predicts Canary Wharf vacancy rises despite Morgan Stanley deal
Morgan Stanley’s lease extension with Canary Wharf Group has “alleviated some downside risk” for the landlord, rating agency said.
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Gary Neville’s Relentless signs flex operator Gilbanks for Manchester scheme
Gilbank’s space at No1 St Michael’s will be its third location to date.
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Grosvenor to build 300,000 sq ft portfolio of flex offices
Grosvenor’s chief executive James Raynor said there was a “significant opportunity” to take advantage of occupier demand for flex.
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Helical shows “cautious optimism” as update flags up new lettings and high rent collection levels
The company has collected 99% of all rent payable for the financial year to 31 March.
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ASK lends £18m for co-living scheme in West London
ASK’s client acquired the site and plans to obtain permission to convert the building into a 415-bed co-living scheme.
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British Land and GIC secure major pre-let from Citadel at Broadgate skyscraper
The hedge fund will take around a third of the office space in the landmark two-tower development.
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General Projects submits plans for 185,000 sq ft mixed-use Shoreditch scheme
The project aims to transform an assortment of older buildings into a new low-carbon neighbourhood.
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WeWork secures investment for Great Chapel Street refurb
An AI start-up has signed a lease for two full floors, representing 34% of the location’s desk occupancy.
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Fora unveils 70,000 sq ft Henry Wood House flex space in West End
Fora says its occupancy rates at other London’s West End locations stands at over 90%.
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Stanhope becomes asset manager for the City’s 8 Bishopsgate
The 560,000 sq ft office building was developed by Stanhope on behalf of Mitsubishi Estate London.
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Q&A: Runway East’s co-founder Natasha Guerra on expansion plans
Co-founder and chief executive Natasha Guerra talks about its plans to expand further – but without raising capital.
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Workspace reveals 9.6% rent roll increase in upbeat end-of-year update
The flexible office space group completed 1,238 lettings with a total rental value of £31.3m over the year.
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Picton completes £29.6m sale of Angel Gate City of London office
Sale price represents a 5% premium to the 31 December independent valuation.