Offices news – Page 10
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NewsJTRE London buys leasehold for £400m office and charity housing scheme
JTRE London has acquired a long leasehold interest to develop a £400m mixed-use project at London’s 220 Blackfriars Road.
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NewsLaw firm Fieldfisher commits to London headquarters until 2035
European law firm Fieldfisher has signed a lease extension at its City of London headquarters Riverbank House.
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NewsBCPT sells trio of assets for £43m in bid to reduce office exposure
Balanced Commercial Property Trust (BCPT), managed by Columbia Threadneedle, has sold three office holdings across the UK for a total of £42.8m as it moves to reduce its office exposure.
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NewsSCOR to relocate London office to City tower 8 Bishopsgate
Global reinsurance provider SCOR has agreed to take approximately 50,000 sq ft of office space in Mitsubishi Estate London and Stanhope’s 8 Bishopsgate.
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NewsInfinitSpace opens new flex location at The Bower after WeWork exit
Flexible workspace operator infinitSpace has confirmed the launch of a new 20,000 sq ft location at The Bower in Shoreditch, east London, taking over two floors following WeWork’s departure from the site.
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NewsEU faces £400m bill for empty London office after WeWork troubles
The European Union faces a potential bill of £400m for an empty London office it vacated in 2016 in the wake of Brexit and sub-let to WeWork, following the flexible workspace giant’s bankruptcy in the US.
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NewsNFU Mutual acquires prime Birmingham office from Ardstone
NFU Mutual has acquired 1 Newhall Street in Birmingham from the Ardstone Regional Office Fund for an undisclosed price.
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NewsMeta to close One Rathbone Square HQ
Facebook parent company Meta is leaving its London headquarters at One Rathbone Square in a dramatic reduction of its UK office footprint.
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NewsCBRE warns up to 11.9m sq ft of inefficient office space is set to hit London market
A wave of energy-inefficient office stock is set to hit the London market, with up to 11.9m sq ft of space with an Energy Performance Certificate (EPC) of ’C’ due to be released by 2027, according to research from CBRE UK.
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NewsWeWork says UK arm faces ‘material uncertainty’ and owes parent firm £731m
WeWork’s UK arm faces “material uncertainty” after posting a £123m loss and revealing it owes its parent company £731m, according to its latest accounts.
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OnlineHelical targets further lettings in final financial quarter
Helical has told investors it is aiming to build on “positive asset management progress” and achieve further lettings as it enters the final quarter of its financial year.
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NewsGlobal Holdings acquires West End’s Vogue House from Condé Nast
Global Holdings Group has completed the purchase of landmark Mayfair office Vogue House from publishing giant Condé Nast.
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OnlineAsset managers need the right tools to maintain quality offices
I agree with the trepidation expressed in Property Week’s recent article ‘Storm clouds are gathering over the office market’.
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NewsGeneral Projects amends plans for Manchester office campus
General Projects has submitted reworked plans for its Electric Park office campus scheme in New Islington, Manchester, to include 350,000 sq ft of workspace.
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NewsBritish Land submits proposal for Euston Tower overhaul
British Land has submitted a planning application to transform 1970s central London skyscraper Euston Tower into a science and innovation workplace.
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NewsMarlborough Property portfolio value drops by almost £45m
The value of Marlborough Property Company’s portfolio of shops and offices fell by almost £45m last year, according to its financial statement for the year ended 30 June 2023.
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NewsGovernment sells over £1bn of property assets in 2023
The government sold more than £1bn worth of property assets in 2023 in a drive to make more efficient use of its buildings and land.
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NewsVue to move headquarters to Westfield London
Cinema operator Vue has chosen Westfield London as the location for its new headquarters.
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OnlineHqO launches innovative Best Spaces to Work programme in London
HqO, a real estate experience platform, has launched what it calls the world’s first certification programme for end-user real estate experiences in London.
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OnlineServiced office provider BE Offices collapses into administration
BE Offices, a serviced office provider with a slew of sites across the City of London and the West End, has collapsed into administration, following in the footsteps of co-working giant WeWork.
