Offices news – Page 17
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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.
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NewsPineBridge Benson Elliot set to make its Mark with City office development
PineBridge Benson Elliot has secured planning permission for The Mark, a 215,000 sq ft sustainable office scheme in the City of London.
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NewsLXi REIT cheered by ‘green shoots’ despite reporting valuation fall in trading update
LXi REIT pointed to “green shoots emerging” as it reported a fall in the value of its property portfolio from £3.36bn on 31 March to £3.19bn on 30 September.
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NewsSirius Real Estate’s UK rent roll exceeds £50m for first time
Industrial park owner and operator Sirius Real Estate’s UK rent roll has exceeded £50m for the first time, buoyed by a record sales month in September.
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NewsKing & Spalding makes Mitsubishi and Stanhope’s 8 Bishopsgate its UK HQ
Law firm King & Spalding has signed for 41,000 sq ft at Mitsubishi Estate London and Stanhope’s 8 Bishopsgate office scheme in the City of London for its new UK headquarters.
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NewsCBRE to market Peel’s Salford Quays office scheme for £40m
Peel’s Salford Quays office scheme with more than 180,000 sq ft of grade-A office space has hit the market with a quoting price of £40.3m.
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NewsLandsec backing prime offices as it commits to £200m Southwark development
Landsec has committed to delivering its 380,000 sq ft Timber Square development in Southwark in full in a show of the confidence in London’s prime office market, Property Week can reveal.
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NewsGove delays London South Bank studios redevelopment decision for a second time
The government has postponed a decision on the controversial redevelopment of the former ITV Studios on London’s South Bank for the second time.
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NewsDurham City Innovation District seeks JV investment partner for £250m campus
Durham County Council, Durham University and Avison Young are seeking a joint venture investment partner to help fund a £250m research and development campus at Aykley Heads, as part of their wider Durham City Innovation District project.
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NewsCheshunt Lakeside Developments goes into administration
Cheshunt Lakeside Developments, which aimed to create 1,725 homes, including affordable housing, for a mix of residents in Hertfordshire, has gone into administration along with developer Inland Homes.
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NewsBritish Council for Offices crowns Barclays’ Glasgow campus UK’s best workplace
Barclays’ Glasgow campus won the ’best of the best’ prize at the British Council for Offices (BCO) National Awards last night (3 October), also taking home the trophy for best Corporate Workplace.
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NewsLease surrender clears way for Evans Randall’s Midtown office redevelopment
Investor and developer Evans Randall Investors has unlocked plans for a prime office redevelopment in London’s Midtown after subtenant Lloyds Bank agreed to surrender its lease at the site.
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NewsBBC considers extending lease at Birmingham’s Mailbox
Mailbox REIT said the BBC is likely to stay for up to another two years at the mixed-use Birmingham scheme when its lease expires in 2026.
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NewsMeta lease exit divides opinion
Social media giant Meta’s payment this week of £149m to British Land to surrender the lease it had agreed for 1 Triton Square in London’s Regent’s Place has divided opinion on its potential impact on landlords.
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NewsCommercial deals value drops 73% as office transactions decline
The total value of UK commercial property deals plunged 73% to £3.7bn over the past six months, from £13.7bn in the previous six-month period, research from Sirius Property Finance reveals.
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OnlineLandsec hails strong demand for London office space as it launches Victoria refurb
Landsec has told investors that occupier demand for prime office space has “remained strong” since its last year end on 31 March.
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NewsFormer C&W executives launch flexible workspace operator Covalt
Former executives at Cushman & Wakefield (C&W) have launched a new ’white label’ flexible workspace management company, Property Week can reveal.
