All Offices articles – Page 7
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OnlineSoftBank reveals three-point plan to revive WeWork
SoftBank chief executive Masayoshi Son laid out a three-point plan yesterday to revive the fortunes of WeWork after the Japanese conglomerate reported a £5bn loss caused by a sharp writedown in its investment in the flexible workspace company.
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Online
Picton completes £18.2m Croydon office sale
Picton has completed the sale of an office building in Croydon for £18.2m.
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News
IWG ‘always open’ to franchise deals with UK property giants
Mark Dixon says Landsec and British Land should use IWG’s flexible office services rather than run their own
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News
Native pushes ahead with Marylebone spec scheme
Native Land has committed to the spec development of a 44,520 sq ft office building in Marylebone, west London, in what will be its first completed office scheme.
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Online
WeWork tells EMEA staff to expect redundancies
WeWork has told its workforce in EMEA today that the company will expect to make an unspecified number of redundancies over the coming months.
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Online
Leeds sees 10% bump in office take-up in Q3
Leeds saw a 10% bump in office lettings in the third quarter of 2019 compared to the same quarter last year, according to new data from Colliers International.
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Online
Saudi Ambassador pours cold water on Kingdom’s backing for Candy’s Capco bid
The Saudi Arabian Ambassador to the UK has dealt a huge blow to Nick Candy’s ambitions to bid for Earls Court and Covent Garden owner Capital Counites (Capco) by denying any possible bid has the backing of the Kingdom’s Public Investment fund.
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Online
Jamie Pope joins Knight Frank London capital markets team
Former HFF Europe boss Jamie Pope has been appointed as the chair of Knight Frank’s London capital markets team.
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Online
Aviva Investors’ One Liverpool Street gets green light
Aviva Investors has been granted planning for a new City of London office building, One Liverpool Street.
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Online
Mimecast takes 79,000 sq ft at Broadgate HQ
Mimecast has announced it will open its new 79,000 sq ft UK headquarters in One Finsbury Avenue at Broadgate.
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Online
VANGRATH acquires Victoria House in Belfast for £12.5m
VANRATH has bought Victoria House in Belfast city centre from Aviva for £12.5m for its own occupation.
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Online
IWG shows benefit of franchise strategy as revenue grows
Serviced office specialist and WeWork rival IWG has posted a 13.2% rise in third-quarter revenue amid a strong performance in the Americas and Europe.
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Online
Take-up in Big 9 falls to 2016 levels
Take-up in offices in the big nine cities in the UK’s regions so far this year has fallen to levels lower than those last seen in 2016, according to a new report by Avison Young.
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Online
Cerberus sells Quorum Business Park
Promontoria, a subsidiary of US private equity giant Cerberus Capital Management, has sold Quorum Business Park in the North East of England to Shelborn for £32m, representing a net initial yield of 11%.
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Online
Intu sells Waterfront Business Park for £15m
Intu has sold a business park next to its Merry Hill shopping centre to Bridges Fund Management for £15.5m.
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Online
Apollo Management International pre-lets three floors at 1 Soho Place
Derwent London has pre-let a further three floors of 1 Soho Place in the West End to Apollo Management International, an affiliate of Apollo Global Management.
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Online
IWG agrees to sell Swiss assets in latest franchise deal
Co-working and workspace group IWG has agreed a deal with the J Safra Group and the P Peress Group on a strategic partnership in Switzerland.
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Online
Landlord pulls plug on WeWork letting in Glasgow
WeWork’s deal to open its first workspace in Glasgow at 50 Bothwell Street has fallen through, Property Week can reveal.
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Online
Blackstone puts Chiswick Park’s Building 7 on sale for £300m
Blackstone is selling Building 7 at Chiswick Park in West London with a price tag believed to be around £300m.
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Online
Tech hub to attract startups to Edinburgh Marina
A technology hub has been added to plans for the £500m Edinburgh Marina Development.
