FTSE 100 giant Auto Trader gears up for £87m HQ move January 13, 2025 FTSE 100 giant Auto Trader has confirmed plans to relocate its headquarters from a building named after a Manchester legend to a new base worth £87m. The company is to leave its home at 1 Tony Wilson Place in First Street and move to Bruntwood SciTech’s 3 Circle Square in 2026. Auto Trader has been [...]
How to get workers back to the office in 2025? Let them open the windows! January 10, 2025 Five years on from the pandemic, it's time to bin the office gimmicks and get back to basics, writes real estate expert Philipp Ueberschaer.
Civil servants to take indefinite industrial action after being ordered back to office January 8, 2025 Indefinite industrial action is to be taken by thousands of civil servants working at the Land Registry in a dispute over office attendance. Around 4,000 members of the Public and Commercial Services Union (PCS) based in 14 offices across England and Wales will take part in the action from 21 January. The union said its [...]
London’s flexible office workers shift to four days a week December 16, 2024 Workers in London’s flexible office space have increased the number of days at their desk, despite sentiment that Londoners were unlikely to return to pre-covid working patterns. Three quarters of workers in flexible offices now use the working space at least four days a week, according to fresh data from Knight Frank. This comes amid [...]
1 Undershaft: City approves Square Mile’s tallest tower December 13, 2024 Canada has approved the planning application of 1 Undershaft, which upon completion, will be the tallest tower in the City while matching the Shard
City rents rise as return to the office drives up demand for prime locations December 3, 2024 Available office space in London’s most sought-after areas has slumped to near record lows as businesses continue to reverse pandemic-era working from home rules. According to global property consultancy Knight Frank, availability in newly constructed office buildings has fallen to 0.3 per cent in the West End Core – which includes Mayfair and St James’s [...]
Wework: UK firm owes almost £840m to bankruptcy-hit US owner November 28, 2024 The UK arm of troubled US co-working startup Wework lost almost £150m in the year before its parent company filed for bankruptcy. The division suffered a pre-tax loss of £147.9m in 2023, according to newly-filed accounts with Companies House. The latest figure comes after the arm racked up a pre-tax loss of £122.6m in 2022. [...]
‘Now is the time to build’: Helical backs London property market November 26, 2024 The firm is hoping to develop a portfolio of premium office space amid an anticipated shortage in supply over the coming years.
Workspace: London flexible office firm’s profit up despite low occupancy rates November 22, 2024 Flexible office provider Workspace has continued to see an uptick in demand for lettings despite a slight downturn in occupancy rates. The business, which manages millions of square feet of office space across London, saw a 4.3 per cent boost in underlying rental income, bringing it to a total of £60.2m. In line with “good customer [...]
Investment bank Cavendish to open Manchester office after signing Gary Neville deal November 20, 2024 Investment bank Cavendish, which was formed through the £43m merger of Cenkos and Finncap last September, has revealed plans to expand into Manchester for the first time. Canada investment bank has appointed Oliver Tebbutt as partner to lead the office. Tebbutt was previously a partner at Deloitte’s corporate finance team in Manchester. Cavendish will [...]