Search Results for: london

London remains second most expensive office market

London remains second most expensive office market

by • News, Property

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 markets as last year, though several have changed positions within the top category. The biggest gainer within the top 10 was Midtown Manhattan ($196.89) in New York City, which climbed to the fourth most expensive market this year from the sixth last year. London City retained its number 10 position on the list at $139.75 per sq. ft. (more…)

London councils form office of technology and innovation

London councils form office of technology and innovation

by • Cities, News, Technology

The London Office of Innovation and Technology (LOTI) has been officially launched, ushering in what the fifteen councils behind the initiative claim will be a new era of digital transformation. The councils claim that London’s public services will benefit from faster adoption of technology, data and digital skills. The city-wide venture is a collaboration between all 32 London boroughs with the Mayor of London’s backing.

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Coworking is reshaping office market in London

Coworking is reshaping office market in London

by • Coworking, News

Leo coworking space in North LondonThe flexible office and coworking markets have grown rapidly over the last five years, with more than 4 million sq ft leased to flexible office providers in Central London, according to a new report from digital office broker Hubble in partnership with JLL. Despite WeWork dominating the headlines and pioneering the uptake of coworking, the London market remains highly fragmented, with more than 150 providers offering some form of flex or coworking space in more than 650 separate locations. Flexible offices are projected to grow to a 11 percent share of overall office stock in London by 2023. At the end of 2018, flexible offices had a 6.3 percent share of the Central London market (14.7 million sq. ft.) and this number is set to keep growing. (more…)

London workers more attracted to job than socialising

London workers more attracted to job than socialising

by • Cities, Flexible working, News, Workplace

London workers more attracted by the job than socialising with colleaguesSocialising and drinking opportunities are some of the least enjoyable things about working in London, as loving their job and a chance to grow personally is more of an incentive for those who work in the Capital, a new report suggests. The survey of 1,000 London workers by Flexioffices, claims that 75 percent of employees in the city enjoy going to work for the personal development opportunities, training and the job itself. Flexible hours are becoming an increasingly enticing aspect of a job, with 21 percent of London workers liking their workplace because of the flexible hours available.

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London leads the way in coworking

London leads the way in coworking

by • Coworking, News

coworkingOver recent years, we have witnessed significant changes when it comes to the workplace. Women are continuing to push through the glass ceiling, offices are starting to look more likes homes and businesses are opting for a more flexible and sociable working environment. This rise in coworking and other forms of flexible office space is just one of the latest trends to emerge from the corporate world, and according to a report by office brokers Office Freedom, London is at the forefront of this growing market. (more…)

Appeal of London as capital of HQs diminishing

Appeal of London as capital of HQs diminishing

by • Cities, News

London faces the loss of its status as a global magnet for corporate headquarters unless it addresses a range of factors that are diminishing its attractiveness, according to a new report from the Centre for London. Brexit, dated transport infrastructure and worries about its pool of talent are all risks to the capital’s ability to attract and retain the HQs of multinationals claims the report. (more…)

London office building at post Brexit high

London office building at post Brexit high

by • News, Property

London officeNew 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 of over 100,000 square feet, more than three quarters was already committed to, Deloitte said. The survey covers seven major central London office markets – The City, West End, Docklands, King’s Cross, Midtown, Paddington, Southbank – as well as three emerging submarkets – Vauxhall-Nine Elms-Battersea, White City and Stratford. (more…)

Take up of office space in central London strongest for six years

Take up of office space in central London strongest for six years

by • Cities, Facilities management, News, Property

British Land/GIC’s development at 100 Liverpool Street, EC2 office spaceThe first quarter of 2019 saw take-up of office space in central London at its strongest for six years, as it continues to outperform expectations. This is according to Savills, which also reports 1.16 million sq ft of new lettings being agreed in the City of London. In the West End, 42 transactions completed in March alone took total activity for Q1 2019 to 98 office lettings. In the City, there were 100 occupational deals for the year to date, of which 33 completed in March. The tech & media sector accounted for the largest share of take-up in the West End, at 25 percent, while the City benefited from a surge of serviced offices.

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“First ever” dedicated UK India tech hub opens at Royal Albert Dock London

“First ever” dedicated UK India tech hub opens at Royal Albert Dock London

by • News, Property, Technology

A newly delivered building at Royal Albert Dock (RAD) in London has been launched as the UK India Tech Hub to provide a designated space for technology firms from India and the UK. It is claimed to be the first venture capital fund that has partnered with a business district to create a tech hub anywhere the world. Under the partnership agreement, developer ABP London and investors Pontaq will provide technology firms with work space while Pontaq’s tech fund will be invested in tech start-ups to assist them to develop and expand. India High Commissioner, Ruchi Ghanashyam, and Under Secretary of State at the Department for International Trade, Graham Stuart MP, along with Mayor of Newham Rokhsana Fiaz, witnessed the signing of an agreement between Royal Albert Dock developer ABP London and the venture capital firm Pontaq. (more…)

Best workplaces in London honoured at BCO annual Regional Awards

Best workplaces in London honoured at BCO annual Regional Awards

by • News, Property, Workplace design

Six London businesses celebrated success at the BCO Annual Regional Awards earlier today, with Facebook, 2TVC, Deloitte, Boden, Project North and Fora Borough all recognised as the capital’s best workplaces. The prestigious BCO Awards programme recognises the highest quality developments in the UK and sets the standard for excellence in the regional and national office sector. Today’s ceremony marked the third of the BCO Regional Property Awards dedicated to London, celebrating the best office space in the country. London winners will compete with those from other regions at the BCO National Awards in October this year.

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London leads Siemens Atlas of Digitalization as most digitally ready global city

London leads Siemens Atlas of Digitalization as most digitally ready global city

by • Cities, News, Technology

Digitalization of citiesSiemens has launched a new web-based application which reveals the readiness and potential of six major cities to embrace digitalization and develop new ways of living, working and interacting. The Atlas of Digitalization is based around the interconnected themes of Expo 2020 Dubai – Mobility, Sustainability and Opportunity – and assesses how the fourth industrial revolution has already impacted urban life around the world, and the potential it could have in the future. (more…)

BW: Workplace Experts completes new GAM London office

BW: Workplace Experts completes new GAM London office

by • Company news, Workplace design

BW: Workplace Experts has completed the new London headquarters for GAM, an independent global asset management firm. Located at the BREEAM Excellent rated building 8 Finsbury Circus, London, the new location consolidates the business from three separate locations into one. GAM occupies four floors totalling 48,500 sq. ft in order to accommodate its London employees under one roof, further strengthening the culture and operations of the business. (more…)

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