Offices news – Page 3
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Double letting takes 22 Bishopsgate to 95% full
Only 70,000 sq ft remains available at the City office tower.
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WeWork predicts $8bn in rental savings as it targets May to exit bankruptcy
The flexible office giant is aiming to emerge from Chapter 11 bankruptcy by 31 May.
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Travelodge to convert vacant east London office into hotel
Travelodge will repurpose Unex Group’s Gredley House in Stratford, east London.
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Morgan Stanley commits to Canary Wharf HQ until 2038
Landlord Canary Wharf Group will invest in a sustainability-led refurbishment of the offices.
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Recievers called in to WeWork fund’s last London offices at 51 Eastcheap
The City block is entirely let to the troubled flexible office giant.
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Portsmouth NHS trust takes offices at Lakeside North Harbour
The trust has signed a 10-year lease for space at the business park.
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CIBSE revealed as new administrator of NABERS UK
The energy performance rating tool has been searching for a new administrator since September, when the BRE said it would end its licensing agreement.
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Westminster approves Lazari’s Fenwick department store redevelopment plans
The scheme will greatly reduce retail space at the Mayfair site to allow for more office space.
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Picton’s City office asset set for resi conversion after £29.6m sale
The commercial property REIT has secured a deal with residential investor QSquare.
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Deloitte boosts central London footprint by adding 70,000 sq ft of offices
The accountancy firm has reversed its office strategy to increase its estate in the capital by nearly a fifth.
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Double letting brings One Finsbury Square City scheme to full occupancy
Asset manager Catella APAM signs tenants for fourth and seventh floors on behalf of owner Britannia Invest A/S.
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Johnson & Johnson signs lease at Tempo in Maidenhead
The pharmaceuticals giant will move staff from its Thames Valley campuses in High Wycombe and Pinewood to the L&G-owned building.
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Planning policy holding back Westminster development, report finds
The Delivering Good Growth in Westminster report claims an additional 14m sq ft of commercial space could be delivered.
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London falls behind New York for office demand
CBRE-backed report warns London’s office market is “losing momentum”.
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TT Group sells BT’s old Southampton offices to consortium
BT’s former Friary House office building has permission for residential conversion under permitted development rights.
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British Land signs trio of tenants for Norton Folgate scheme
The mixed-use Spitalfields development has added an office occupier and two restaurants.
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Mirabaud buys Virgin Atlantic HQ in UK debut
Swiss investor snaps up grade-A office scheme let to Virgin Atlantic until 2032.
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Neumann bids to buy back WeWork with $500m offer
The former chief executive and co-founder has reportedly submitted an offer to acquire the bankrupt co-working giant.
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Glasgow council approves 2030 city regeneration strategy
The new strategy will see billions of pounds in public and private investment ploughed into the city centre.
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Online
Helical sells City office scheme for £43.5m
The disposal price represents a 6.5% discount to the 30 September 2023 book value.