October 28, 2014
Four-building Hammersmith office development acquired by AXA
A 193,000 sq ft (17,930 sqm) office property based in Hammersmith West London has been acquired by AXA Real Estate. 77 Fulham Palace Road comprises four buildings: Hamlet, Horatio, Ophelia and Elsinore and is currently let to 19 tenants. It has a wide range of floor sizes across the four buildings and unusually for Central London has 221 parking spaces. Given a current lack in supply of Grade A office space in West London, AXA has indicated that it will increase the current floor space at the property by 18,900 sq ft (1,755 sqm), and transform it into Grade A office space. This expansion would be undertaken alongside a planned refurbishment of some of the buildings, to enhance their overall functionality and design, adding to the current facilities on offer. Huw Stephens, Head of UK Transactions at AXA said: “At 77 Fulham Palace Road we have identified an opportunity, through a number of asset management initiatives, to add value to a core, well located asset in London. By utilising the expertise of our local asset management teams, we will be able to improve the tenant mix, whilst delivering investment performance to our clients.”
October 16, 2014
Americans would still prefer a male boss to a female boss
by Sara Bean • Comment, News, Workplace
The news that Facebook and Apple are to offer US-based female employees the option of freezing their eggs for future use, in an effort to attract more women on to their staff, has raised quite a debate on both sides of the Atlantic on whether women are being actively discouraged to put off having children. Now a new poll suggests that far from entering a brave new world, attitudes towards women in charge haven’t moved on a great deal. There is still a disappointingly high level of negativity towards female bosses, with US Americans more likely to say they would prefer a male boss (33%) to a female boss (20%) in a new job, according to a Gallup poll. And in an age when women are told to “lean in” to get positions of power at work, even women are more likely to prefer a male boss to a female boss. Although 46 per cent say it doesn’t make a difference to them, the percentage of women who would prefer a female boss has never surpassed 30 per cent since Gallup’s annual work and education poll, was launched back in 1953. More →