HSBC strikes 1000 desk deal with WeWork

HSBC strikes 1000 desk deal with WeWork

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HSBC has agreed a deal to locate more than a thousand members of London staff in a WeWork coworking space in London. WeWork confirmed to the Financial Times that the bank has signed up for 1,135 desks at its new building at 2 Southbank Place.  The move is further proof of how coworking has become […]

EDGE enters UK market with project on South Bank

EDGE enters UK market with project on South Bank

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EDGE Technologies, the specialist developer best known for its groundbreaking  The Edge building in Amsterdam has announced its entrance into the UK commercial property market with the £50m acquisition of 60 St Thomas Street on London’s South Bank.  The acquisition is subject to planning permission, which EDGE will pursue in partnership with the seller. The […]

London remains second most expensive office market

London remains second most expensive office market

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Hong Kong Central and London’s West End held onto their top spots in a ranking of the most expensive office market locations in the world at $322 and $220.70 per sq. ft. per year respectively according to the latest Global Prime Office Occupancy Costs report from CBRE. The ten most expensive markets were the same […]

Coworking is now the key driver of change in property market

Coworking is now the key driver of change in property market

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Having disrupted the property sector over the last decade, coworking continues to impact investors, developers and end users as the concept appears to be the dominant force in the commercial sector. Coworking can trace its roots back as far as the 1980s when Regus (now part of IWG) popularised the idea of a serviced office, […]

Sharp fall in Scottish commercial property market

Sharp fall in Scottish commercial property market

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An analysis of commercial property sales during the first quarter of 2019 from the Scottish Property Federation (SPF) claims that total the value of sales in Scotland fell by 21 per cent compared to the same period in 2018. The drop in value was largely driven by fewer high-value transactions for this period, with the […]

BT to dispose of 90 percent of real estate

BT to dispose of 90 percent of real estate

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BT has announced that it plans to close more than 270 offices as part of a five-year programme to cut costs by around £1.5bn. The firm says it will retain 30 sites in its real estate portfolio, primarily those “containing modern, future-fit buildings, including corporate offices, contact centres and specialist sites”. BT has announced the […]

Workplaces around the UK are something to treasure

Workplaces around the UK are something to treasure

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The world is changing. Often without sense, often at startling speed. I need not mention the ‘B word’. However, there is a risk that this volatility leads to us being too negative. Today, too many people are speaking with too much pessimism. Don’t believe me? Try logging onto Twitter. In these challenging times, we need […]

BCO announces winners of North of England property awards

BCO announces winners of North of England property awards

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Manchester-based businesses dominated the BCO Northern Awards with Hanover, PwC Manchester and No. 1 Spinningfields all being recognised as some of the best workplaces in the North of England at the annual British Council for Offices (BCO) regional property sector awards held at The Principal Hotel in Manchester. In addition to the three winning buildings, 35 […]

London office building at post Brexit high

London office building at post Brexit high

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New office building in central London is at a three-year high, with 13.2 million square feet of space under construction, up 12 percent on the figure six months ago, according to the Deloitte Real Estate’s London Office Crane Survey. Some 55 percent of the office space under construction was already let and for larger schemes […]

CRE investment highest in cities with strong tech culture

CRE investment highest in cities with strong tech culture

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Cities with tech innovation-oriented cultures have a strong competitive advantage amongst those investing in commercial real estate, claims a new report from JLL (registration). Of 109 cities analysed, the nine leading global markets – Boston, London, New York, Paris, San Francisco, Seattle, San Jose, Sydney and Tokyo, accounted for around 37 percent of total annual […]

Working from home and the future of work. How quaint

Working from home and the future of work. How quaint

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In 1962, a professor of communication studies called Everett Rogers came up with the principle we call diffusion of innovation. It’s a familiar enough notion, widely taught and works by plotting the adoption of new ideas and products over time as a bell curve, before categorising groups of people along its length as innovators, early […]

Belfast office market outpacing others in UK and Europe

Belfast office market outpacing others in UK and Europe

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The Belfast office market is one of the UK’s best performing when it comes to returns for investors, significantly outstripping cities such as Manchester, Liverpool, Glasgow, Cardiff and London, a new property report claims. The Northern Ireland Commercial Property Investment Review (registration), produced by Ulster University and global financial company MSCI in collaboration with RICS […]

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