Offices news – Page 18
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NewsReal estate total global value reaches $380trn
The value of all global real estate, including agricultural land, reached $379.7trn (£819,000m) in 2022, new research from Savills has found.
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NewsLondon office values correct faster than Europe, offering ‘rare’ entry point for investors
London office values are correcting faster than almost every counterpart market in Europe, new data analysed by BNP Paribas Real Estate has found.
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NewsGove rejects GPE plans for pair of Southwark office towers
Housing secretary Michael Gove has rejected Great Portland Estates’ (GPE) plans to redevelop two large London office towers at its giant New City Court scheme in Southwark.
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OnlineMEES uncertainty angers industry as Sunak dilutes net-zero policies
Rishi Sunak’s shift in the government’s net zero commitments last week managed to simultaneously incur the wrath of environmental campaigners, the automotive industry, energy companies and most of the property sector.
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OnlineGreen light for amended first phase of Manchester’s £1.5bn Mayfield development
Planning officers have given the green light to amended plans for a transport hub and 320,000 sq ft of office space in the first phase of Manchester’s £1.5bn Mayfield development.
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OnlineUBS scraps Grant Thornton sublease as it moves Credit Suisse staff out of Canary Wharf
UBS has cancelled its deal with Grant Thornton to sublease nearly 105,000 sq ft to the accountancy firm as the Swiss investment bank starts moving Credit Suisse staff from Canary Wharf to its City of London HQ.
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NewsCommane becomes GPA chief operating officer
The Government Property Agency (GPA) has appointed Lisa Commane as chief operating officer to lead its executive team in modernising the government’s property portfolio.
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NewsMiddle Eastern investor snaps up King’s Cross office building for £20m
A private Middle Eastern investor has snapped up The Stables, an office building in King’s Cross, in a £20m off-market transaction, representing a net initial yield of 6%.
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OnlineCommercial property transactions plummet 73% but retail and leisure offer ‘silver lining’
Commercial property transactions fell 67% in the past six months, while the total value of commercial deals plunged 73% to £3.7bn, research from Sirius Property Finance has revealed.
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NewsLandsec adds 100,000 sq ft to Myo flex office portfolio
Landsec is accelerating the expansion of its flexible office brand Myo, with two new London sites spanning 100,000 sq ft to open over the next two years.
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NewsLaw firm Proskauer chooses City tower 8 Bishopsgate for HQ
Stanhope and Mitsubishi Estate London have signed law firm Proskauer and engineering software company Bentley Systems for a total of 70,000 sq ft at 8 Bishopsgate, taking the office tower to 75% let or under offer.
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NewsLondon’s Design District launches flagship building for creative firms
A flagship office building has been launched at London’s Design District, a purpose-built hub at Greenwich Peninsula for creative industry firms.
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OnlineBBC appoints LSH to offload lease at Salford MediaCity
The BBC has appointed Lambert Smith Hampton (LSH) to dispose of its leasehold interest at Bridge House in MediaCity, Salford.
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NewsThe Instant Group launches flexible workspace sustainability index
Flexible office consultancy the Instant Group has launched a sustainability index, which it claims is the first for the sector.
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NewsWatling racks up £130m of deals in first quarter since launch
Watling Real Estate, launched at the start of June in a management buyout of the real estate restructuring division of Avison Young, achieved £130m of deals in its traditional core markets and alternative sectors during its first ever quarter.
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NewsArt-Invest secures consent for 1.5m sq ft Canada Water Dockside project
German investor and developer Art-Invest Real Estate has been granted planning permission for its 1.5m sq ft commercially led Canada Water Dockside project.
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NewsPontegadea Real Estate delivers the Post Office to City scheme
The Post Office has agreed to take space at Pontegadea Real Estate’s 100 Wood Street office scheme in the City of London.
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NewsCanvas Offices secures new location above Holborn Tube Station
Canvas Offices has unveiled plans for a 35,000 sq ft office location above Holborn Tube Station after securing a long-term lease for the property with Israeli real estate giant Hagag-Gaya Holdings.
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NewsIWG takes over 55,000 sq ft lease in Hammersmith from WeWork
IWG has agreed to take over 55,000 sq ft of workspace in Hammersmith, west London from its ailing competitor WeWork.
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NewsQ&A: Quadrant bets big on Canary Wharf with YY office
Partners Gethin and Harper discuss the firm’s newly completed YY building and Canary Wharf’s appeal.
