Offices news – Page 16
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NewsCentral London records highest take-up of the year as active demand grows
Central London office take-up reached 2.2m sq ft at the end of Q3, the highest quarterly take-up of the year so far, while active office demand in central London is surging ahead of the long-term average, according to new research from Savills.
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NewsSt James’s Place suspends fund amid falling demand for commercial property
Investment manager St James’s Place has suspended dealing in its SJP Property unit trust and deferred redemptions in its Property life and Property pension funds, blaming falling demand for UK commercial property.
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NewsCBRE says obsolete office conversions offer lifeline for London residential market
Converting London’s secondhand, vacant office stock could plug an urgent housing shortfall in the capital, creating an estimated 28,000 new homes, CBRE has calculated.
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NewsYahoo moves into Dublin’s tallest office tower
Tech giant Yahoo has signed for 35,703 sq ft at Dublin’s tallest office building, Tristan Capital Partners’ The Exo, in the city’s largest office leasing deal in the second half of the year.
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NewsImpact Hub London Euston to open affordable workspace for local community
Social enterprise organisation Impact Hub London has signed a deal with British Land to open its second site in London’s Knowledge Quarter offering affordable workspace for under-served local communities.
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OnlineLa Française buys Victoria office scheme from Grosvenor in £55m deal
La Française Real Estate Managers has struck a £55m deal to acquire an HQ building in Belgravia, London, from Grosvenor.
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NewsFeldberg signs 15,000 sq ft of deals at west London Regal House office scheme
Feldberg Capital, formerly Brunswick Property Partners, has signed new deals totalling over 15,000 sq ft at its recently refurbished Regal House office building in Twickenham, west London, Property Week can reveal.
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NewsTown Centre Securities to ramp up development pipeline
Town Centre Securities is looking to step up investment in its development pipeline, which has an estimated gross development value of over £400m, according to its results for the year to the end of June.
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OnlineLongfellow launches first phase of Cambridge life sciences campus
Longfellow Real Estate Partners has unveiled its plans for CamLIFE, a 42-acre parkland campus in Cambridge with 170,000 sq ft of lab space in its first phase.
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OnlineArt Invest puts forward refurb plans for Sackville House in Mayfair
Art Invest Real Estate has submitted plans to refurbish and extend Sackville House, Piccadilly in London’s Mayfair and create 30,000 sq ft of grade-A offices plus ground-floor retail.
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NewsOxford and Cambridge drive 30% rise in South East office take-up
Office leasing volumes across the South East and Greater London have risen 30% quarter on quarter, underpinned by activity in Cambridge and Oxford and a thriving tech sector, Knight Frank has reported.
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NewsBank of Ireland to relocate London offices to St Paul’s
The Bank of Ireland is relocating its London offices to the last vacant floor in Gresham St Paul’s, taking 18,807 sq ft in Stanhope and Swiss Investment Foundation AFIAA’s office scheme.
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NewsInvestment activity gains momentum despite weak Q3 volumes
Investment activity in UK commercial property has improved in Q3 – despite a slip to a three-year low, according to Lambert Smith Hampton’s latest UK Investment Transactions (UKIT) report.
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NewsProperty portfolio valuation dips at Schroder European REIT
Schroder European REIT (SERE), which invests in real estate in European growth cities, has announced a 1.9% fall in the value of its direct property portfolio, to €214.1m (£185.5m), over Q3.
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NewsSymmetry Investments takes pre-let at Audley’s St James’s offices
Audley Property has signed investment manager Symmetry Investments for three floors of its 31 St James’s Square office development in the West End of London at £136/sq ft.
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NewsCambridge office scheme first to secure BREEAM and NABERS certifications
Brookgate’s 10 Station Road has become the first speculative commercial development in Cambridge to achieve a BREEAM ’Outstanding’ rating and the first NABERS-rated building in the city.
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NewsWorkspace Group claims offer ‘resonates with SMEs’ as it reports rental growth
Flexible workspace operator Workspace Group has entered the second half of the year in a “strong position”, according to chief executive Graham Clemett in an update for the quarter ending 30 September 2023.
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NewsFeldberg completes first closing of £500m central London green offices fund
Feldberg Capital has reached the first closing of ReForm, a new £500m, central London brown-to-green workplace fund, via its recently acquired real estate investment business, formerly known as Brunswick Property Partners.
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NewsAI platform to save RLAM £1m in energy efficiency savings
Royal London Asset Management plans to save tenants £1m in energy costs and reduce its carbon output by more than 1,500 tonnes a year by adopting an AI-based property management platform developed by JLL Property Management.
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NewsWeWork exits major City flex location
WeWork is closing down its 133 Houndsditch site in the City of London and evicting its tenants.
