The take up of Central London office space in the last quarter of 2019 rose considerably, as data for Q4 has now revealed. Office space take-up rose beyond 10-year average The commercial property sector in the capital experienced a strong Q4, with take-up in Central London above the 10-year quarterly average. Overall, office space […]
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Ahead of the launch of its new office space in Kings Cross, London that will be completed next year, Facebook has announced new jobs being created for 2020. The COO of Facebook, Sheryl Sandberg made the announcement today during an event aimed at SME businesses in the UK. Speaking at the event, Sandberg said she
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New 13-storey office buildings in the capital It has been announced that planning permission has been granted for new riverside offices on London’s South Bank. This new development will be called EG: HQ. How big will these offices be? These offices will become part of the Embassy Gardens development in the capital, and will provide
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Spanish billionaire closing in on £600m office deal Amancio Ortego, who is the founder of Inditex, the retailer behind brands including Zara and Massimo Dutto, is close to acquiring London’s Post Building. It is expected that a formal announcement will be confirmed soon about the transaction, which was purchased through Pontegadea. This is Ortega’s real
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RocketSpace to close UK operation It has just been announced that the shared office rival to WeWork, a San Francisco -based company called RocketSpace, will shut down in London. When will RocketSpace close down? The flexible office space in London firm has announced it will close in April. However, it has already started the process
The co-working space rival to WeWork, RocketSpace, to close in UK Read More »
Countrywide will be selling commercial property agency It has been announced that the estate agency group Countrywide will be giving up its commercial property agency Lambert Smith Hampton. Why is Countrywide selling the commercial property business? The sale will help to reduce the agency’s net debt by over £34.4 million, with hopes that this
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Growing interest in Hong Kong buyers in London property The newly built luxury home market is getting an unexpected boost from Hong Kong buyers. This is despite the fact this sector has been on the decline in the last five years, thanks to worries over Brexit, as well as tax changes and oversupply. Why are
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The recent failure of the WeWork flotation that has been making the news of late thanks to the multiple troubles the co-working space has been having is raising fears that the sector could start to see property valuations for London office space to go down. This is despite the huge increase in rents in recent
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One of Europe’s most promising tech startups, the London-based Checkout.com, will soon be moving into new offices in the capital following considerable year on year growth in net revenues making expansion possible for the firm. Who is Checkout.com? The business was founded in 2012, and it is a payment platform that uses innovative technology which
One of Europe’s fastest-growing fintech’s opening new offices in UK Read More »
The co-working business Central Working has unfortunately announced that it has just gone into administration, having just appointed administrators Quantuma, the independent advisory firm to deal with the fallout. Central Working recently notified tenants about the collapse through a letter that indicated buyers are in the process of due diligence on the company. However, the
Flexible office space company Central Working goes bust Read More »
Offices around the world have started to use images of the young activist Greta Thunberg to shame office workers who use single-use plastics. This trend, now known as “Greta-shaming” has been adopted by offices everywhere, being popular particularly throughout workspaces in Jerusalem and Tel Aviv. “Greta-shaming” is most commonly used throughout office kitchens and cafeterias,
Images of Greta Thunberg Used To Shame Plastic Use in Offices Read More »
In the aftermath of WeWork’s struggles to float, the company have notified their UK staff of upcoming redundancies, as it tries to manage its losses. WeWork staff throughout both the capital and the rest of the UK have now been formally warned about these job cuts. One source has commented that there have been no
