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London office market sees sharp decline in leasing activity

London office market sees sharp decline in leasing activity

The London office leasing market kicked off 2024 with a significant downturn, according to a new report from Devono.The London office leasing market kicked off 2024 with a significant downturn, according to a new report from Devono. After a strong end to 2023, leasing activity plummeted by 45 percent in the first quarter, with only 2.3 million sq ft of space leased. This falls short of the 5-year average for Q1 and marks the lowest total since late 2022. The report attributes the decline to a combination of economic factors, including a recent recession and rising inflation. Businesses are cautious about committing to new office space in this uncertain climate. More →

Scale AI announces plans for new European headquarters in London

Scale AI announces plans for new European headquarters in London

 

Scale AI has selected London as the location for its first European headquarters, reinforcing the company’s mission to accelerate the development of AI globallyScale AI has selected London as the location for its first European headquarters, reinforcing the company’s mission to accelerate the development of AI globally. Scale’s United Kingdom (UK) office will serve as the centre of its operations in Europe. The firm is an artificial intelligence company headquartered in San Francisco in the US State of California. The company provides labelled data used to train AI applications. The firm was founded in 2016 by Alexandr Wang and Lucy Guo who had previously worked at Quora. More →

BCO London Awards winners focus on sustainability, wellbeing and user-friendliness

BCO London Awards winners focus on sustainability, wellbeing and user-friendliness

The British Council for Offices Awards for London have gone to seven office buildings across the city. Held at the Park Plaza hotel, the BCO’s annual London Awards Lunch recognised projects that demonstrate best practice in office design, fit-out, operation and sustainability, setting the standard for excellence across the sector. More →

CIPD Festival of Work moves to London’s ExCeL for free, two-day event 

CIPD Festival of Work moves to London’s ExCeL for free, two-day event 

The CIPD Festival of Work returns this June at a brand-new venue: the universally beloved ExCeL London.The CIPD Festival of Work returns this June at a brand-new venue: the universally beloved ExCeL London. The CIPD says the free, two-day event will be a jam-packed, interactive line-up that celebrates innovative ideas and discusses the dilemmas facing the world of work. The Festival will aim to bring together a wide range of exhibiters and over 150 international inspirational thought leaders and leading experts, across seven stages. They will be discussing a diverse range of topics that will ’empower everyone, no matter their profession or sector, to promote meaningful and positive change and create a better world of work’.  More →

Microsoft announces new London AI research hub

Microsoft announces new London AI research hub

Microsoft AI is opening a new AI hub in Central London. The firm claims that the new Paddington based centre, dubbed Microsoft AI London will ‘drive pioneering work to advance state-of-the-art language models and their supporting infrastructure, and to create world-class tooling for foundation models’, collaborating closely with AI teams across Microsoft and with its partners, including OpenAI.  More →

London Mayor sets out ambitious plans for Capital’s growth and reinvention

London Mayor sets out ambitious plans for Capital’s growth and reinvention

Sadiq Khan, the Mayor of London, is today launching an ambitious plan aimed at creating 150,000 high-quality, well-paid jobs by 2028. This initiative will be unveiled alongside the shadow chancellor, Rachel Reeves. Reeves will say that a Labour administration intends to reset the relationship between the national government and London, while Khan thinks what is good for London is good for the UK. More →

Moody’s latest firm to quit Canary Wharf for smaller offices in London

Moody’s latest firm to quit Canary Wharf for smaller offices in London

Credit ratings agency Moody’s is relocating its London headquarters from offices in Canary Wharf to a new location in the City of London. This move adds to the trend of financial firms opting to leave the Docklands district. The company will shift to offices at 10 Gresham Street in 2026, coinciding with the expiration of its lease at One Canada Square, the iconic pyramid-topped skyscraper in the heart of the east London estate. A spokesperson for Moody’s confirmed the selection of the new location, emphasizing that the move is subject to closing. More →

London must take better decisions on whether to retrofit its buildings

London must take better decisions on whether to retrofit its buildings

The London Assembly Planning and Regeneration Committee has published a new report called Retrofit vs Rebuild? which asks how decisions are made to either retrofit or rebuild properties and the carbon implications for bothThe London Assembly Planning and Regeneration Committee has published a new report called Retrofit vs Rebuild? which asks how decisions are made to either retrofit or rebuild properties and the carbon implications for both. In London, buildings account for an estimated 68 per cent of the city’s carbon emissions. These emissions arise from the construction, operation, and demolition of buildings. The report claims that, if London is to meet the Mayor’s 2030 net zero target, there is an urgent need to reduce emissions from buildings and to retrofit both housing and commercial stock. More →

London’s office market is reshaping the city and the way people experience the workplace

London’s office market is reshaping the city and the way people experience the workplace

2024: The year of connectivity, collaboration, and culture for workplace trends and changes in London's office marketLondon’s office market continues to adapt to evolving workforce demands. The normalisation of hybrid and flexible working since the pandemic remains the biggest cultural shift that the office sector has witnessed in decades. In addition to the rise in demand for quality-as-a-must in 2023, collaboration, culture, and connectivity will lead the charge for office space trends in the year ahead. More →

Government brings forward plans to relocate 22,000 jobs away from London

Government brings forward plans to relocate 22,000 jobs away from London

The UK Government is bringing forward its target to relocate 22,000 roles out of LondonThe UK Government is bringing forward its target to relocate 22,000 civil service roles out of London. It comes as new figures today show that 16,061 roles have already been moved out of London, exceeding the commitment to relocate 15,000 roles by 2025 as part of the Places for Growth programme. Under the newly announced plans, Aberdeen, Darlington and Greater Manchester are to host second headquarters for major departments. Darlington is already the Treasury’s second headquarters.

Norwegian office furniture giant Flokk expands London showroom space

Norwegian office furniture giant Flokk expands London showroom space

As part of their ongoing commitment to doubling their UK revenue, Norwegian office furniture giant Flokk have further strengthened their presence in Clerkenwell, London with the expansion of their showroomAs part of their ongoing commitment to doubling their UK revenue, Norwegian office furniture giant Flokk have further strengthened their presence in Clerkenwell, London with the expansion of their showroom. Previously the sole home of Flokk brand Connection, 31 Great Sutton Street has been expanded with the addition of a new floor to support the integration of all Flokk brands: HÅG, Profim, RH, OFFECCT and Giroflex. The reimagined space, which now spans across three floors, totalling 6,000sqft, has been curated as an experiential design centre for colleagues and guests to provide a unique space to showcase a series of work settings with products across the whole Flokk portfolio ‘House of Brands.’ More →

Workspace Design Show announces first names for speaker programme at 2024 London event

Workspace Design Show announces first names for speaker programme at 2024 London event

Workspace Design Show is pleased to announce the first names to be added to the speaker programme for its London 2024 showFollowing on from successful shows in both the UK and the Netherlands this year, Workspace Design Show is pleased to announce the first names to be added to the speaker programme for its London 2024 show. Held from 27-28 February 2024 at the Business Design Centre, Islington, the event will feature an impressive mix of senior professionals from architects and designers to developers and end users, who will come together to discuss the most pressing issues facing the workplace design community now and into the future. More →