News

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 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

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

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

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,

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

The virtual office space company, Kitt which uses virtual reality in order to help landlords both visualise and create space has raised over £2 million in seed funding its latest round. The firm which collaborates with landlords in order to provide full-fit outs that are then based on the requirements of the client uses virtual

The office provider, Spaces, has just recently opened its largest co-working office space so far. The firm now spans over several floors in London Victoria, occupying over 80,000 square feet in total. The growing popularity of flexible workspaces In the last twelve months, co-working spaces are taking up more commercial space across Europe. For example,

It has just been announced that the office behemoth WeWork is now facing further bad news, after Fitch Ratings, the influential ratings agency downgraded the company’s debt. What did the ratings agency do? Fitch has changed the co-working space provider, as well as its parent company WeCo current rating from a B rating to now