Offices news – Page 12
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NewsWorkspace agrees deal to power office portfolio with Devon sunshine
Workspace Group has agreed a substantial energy deal with Statkraft to power the majority of the landlord’s offices with solar energy from Devon.
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NewsCompletion of £300m justice quarter ‘at risk’ of rights of light injunction
Completion of the £300m ‘justice quarter’ development on Fleet Street is under threat of an injunction served by its neighbours under rights of light laws.
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NewsGovernment accelerates plans to move 22,000 civil service jobs out of London
The government is bringing forward its target to move 22,000 civil service jobs out of London to 2027 with the announcement of three new second headquarters in Aberdeen, Darlington and Greater Manchester.
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NewsInsurance firm takes 90,000 sq ft at Mitsubishi and Stanhope’s City tower
Specialist insurance provider CFC has taken a 90,000 sq ft chunk of Mitsubishi Estate London and Stanhope’s 8 Bishopsgate scheme in the City of London.
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NewsRecord year for City of London retrofits
The City of London approved a record number of retrofitting planning applications in the Square Mile in 2023 as landlords prioritise more sustainable, grade-A offices.
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NewsFeldberg Capital buys West End office building for ReForm Fund
Feldberg Capital has bought West End office building 8 Bloomsbury Street from an undisclosed institutional investor, as the first purchase for its new ReForm Fund.
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NewsRegal London launches 140,000 sq ft co-working debut at former WeWork offices
Regal London has launched its debut co-working brand alongside flexible office operator Platform, taking on 140,000 sq ft of space in Hackney from under-fire giant WeWork.
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News
C&W predicts valuations will bottom out in Q3 2024
Cushman & Wakefield (C&W) has predicted “a bottoming out for valuations” around Q3 next year, when it says rate hikes will end and cuts will commence, according to its EMEA Outlook 2024 report.
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NewsMcLaren and Arlington selected as developers for York Central regen scheme
McLaren Property and Arlington Real Estate have been chosen as the strategic developers for York Central, one of the UK’s largest city-centre regeneration schemes.
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NewsM&G signs global management firm for prime Manchester offices
Global management consultancy Alvarez & Marsal has signed a 10-year lease on 14,160 sq ft at M&G Real Estate’s Lincoln office building in Manchester.
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NewsIndustrious appoints Redmayne as MD and head of Europe
Flexible workplace provider Industrious has hired Tom Redmayne as managing director and head of Europe as the business seeks to expand across the Continent.
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NewsAviva Investors secures two tenants for Soho office refurb
Aviva Investors has agreed two leases for a combined 8,700 sq ft at 30 Golden Square in Soho, London, following a refurbishment programme to decarbonise the office building.
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NewsDivergence in performance across property types ‘likely to persist in 2024’, CBRE says
Divergence in performance across property types is likely to persist in 2024 and obsolescence, particularly of older office and retail assets, will be a key challenge for the UK real estate market next year, according to CBRE’s UK Real Estate Market Outlook 2024.
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NewsEdge and Mitsubishi snap up former WeWork West End office
Dutch developer Edge and Japan’s Mitsubishi Estate London have confirmed the acquisition of 125 Shaftesbury Avenue, a 180,000 sq ft office building in London’s West End.
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NewsMilton Keynes office building sells for £4m
Avalon House, a 30,284 sq ft office scheme in Linford Wood, Milton Keynes, has been sold to an undisclosed investor for £4m.
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OnlineGove delays decision on ITV Studios redevelopment for third time
Michael Gove has delayed his decision on plans to redevelop ITV’s former South Bank studios for the third time.
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OnlineTrio of leases brings AXA’s 22 Bishopsgate to 92% let
AXA IM Alts has agreed a trio of new leases for more than 65,000 sq ft at 22 Bishopsgate, bringing the 62-storey prime City of London offices to 92% let.
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NewsCriterion splashes £135m on Haymarket House for hotel redevelopment project
Criterion Capital has acquired Haymarket House in London’s Piccadilly Circus for a reported £135m.
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OnlineShaftesbury secures £300m refinancing loan
Shaftesbury Capital has secured a £300m unsecured loan with an initial maturity of three years.
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OnlineSainsbury’s agrees HQ move to The JJ Mack Building
Sainsbury’s has agreed to move its UK head offices to Helical and Ashby Capital’s The JJ Mack Building in Farringdon, London, in the next two years.
