Search Results for: london

Hubflow acquires 37 Lombard Street as it expands London office portfolio

Hubflow acquires 37 Lombard Street as it expands London office portfolio

by • Company news, Flexible working, Property

Flexible workspace provider Hubflow has acquired the freehold of its 37 Lombard Street site in the City of London as part of a strategy to combine workspace operations with ownership of the properties it occupies. The company has also confirmed plans to open more than 25,000 sq ft of additional flexible workspace across two central London locations, at 60 New Broad Street and 71 Queen Victoria Street, next month. Hubflow said the acquisition of 37 Lombard Street represents the next stage of its London office expansion strategy and a move towards an owner-operator model that differs from the lease-based approach adopted by many flexible workspace providers. (more…)

London named world’s most intelligent city in new AI benchmark report from BCG

London named world’s most intelligent city in new AI benchmark report from BCG

by • AI, Cities, News

London has been ranked as the world's most intelligent city in the inaugural Intelligent Cities Index from Boston Consulting Group (BCG), reflecting the capital's ability to translate AI, digital technology and innovation into economic opportunity and improved public services.London has been ranked as the world’s most intelligent city in the inaugural Intelligent Cities Index from Boston Consulting Group (BCG), reflecting the capital’s ability to translate AI, digital technology and innovation into economic opportunity and improved public services. The study assessed 61 major cities across 39 countries against five measures of “intelligent city” maturity: resident outcomes, strategy, technology adoption, ways of working in government and enabling factors such as infrastructure, talent and investment. London topped the overall ranking ahead of Dubai, New York City, Washington DC and Amsterdam. (more…)

London could generate £76bn boost to UK economy through ‘frontier industries’, says PwC

London could generate £76bn boost to UK economy through ‘frontier industries’, says PwC

by • News, Property, Technology

London could help generate an additional £76 billion a year for the UK economy by 2030 if productivity growth in finance, technology, and science and research industries is acceleratedLondon could help generate an additional £76 billion a year for the UK economy by 2030 if productivity growth in finance, technology, and science and research industries is accelerated, according to a new report from PwC. The consultancy’s Grow London report argues that the capital is well positioned to support growth in what it describes as “frontier industries” due to its concentration of skilled workers, access to investment, established technology clusters and stable business environment. (more…)

Growing demand drive City of London prime office rents to narrow gap with West End

Growing demand drive City of London prime office rents to narrow gap with West End

by • News, Property

Prime office rents in the City of London have continued to rise, bringing them closer to levels traditionally associated with the capital's West EndPrime office rents in the City of London have continued to rise, bringing them closer to levels traditionally associated with the capital’s West End as demand for high quality workspace outpaces supply. New figures from Savills show that average prime rents in the City reached £130.80 per square foot during the first quarter of 2026. By comparison, prime rents in the West End stood at £165 per square foot. The West End of London is typically one of the most expensive markets in the world.  The figures are based on the top 10 percent of Grade A office rents recorded during the period. (more…)

London is the second most expensive office fit-out market in the world

London is the second most expensive office fit-out market in the world

by • News, Property, Workplace design

A new report from Turner & Townsend claims that a combination of a rise in demand for premium, Grade A office space and a shortfall in supply in many markets has led to double digit percentage increases in office fit-out costs over the past yearA new report from Turner & Townsend claims that a combination of a rise in demand for premium, Grade A office space and a shortfall in supply in many markets has led to double digit percentage increases in office fit-out costs over the past year in major global cities including Miami, Dublin and Bangalore London is now the second most expensive office fit-out market in the world, with Dublin 18th, Edinburgh and Glasgow 21st, Birmingham 22nd, and Manchester 25th. The year-on-year picture is mixed, as while Edinburgh and Glasgow saw costs rise by 12 percent, Manchester and Birmingham saw prices rise in line with inflation at 2 percent and 3 percent respectively, while in London costs fell by -1 percent, albeit they have increased significantly in recent years. (more…)

London BCO Awards winners highlight shift towards reuse and long term workplace design

London BCO Awards winners highlight shift towards reuse and long term workplace design

by • Environment, News, Property, Workplace design

The winners of the British Council for Offices London Awards 2026 have been announced, recognising a series of workplace projects that reflect changing priorities in design, sustainability and social value across the capital. Six schemes were selected as regional winners. Deutsche Bank’s headquarters at 21 Moorfields (main image) was named best corporate workplace, while Stonecutter at 1 Stonecutter Street took the award for best commercial workplace. The best refurbished or recycled workplace award went to 76 Southbank, and Rabobank at 60 London Wall was recognised for best fit out of a workplace. The award for projects up to 2,500 square metres was given to 170 Piccadilly, while TBC.London at 224 to 226 Tower Bridge Road received the ESG award. (more…)

Data on lifts usage suggests rising office attendance in London (but not elsewhere)

Data on lifts usage suggests rising office attendance in London (but not elsewhere)

by • Flexible working, News

Lift usage in large commercial buildings is often seen as a proxy for workplace occupancy and broader office attendance patternsOffice workers in London are returning to workplaces in increasing numbers, according to data suggesting that remote working may be receding more quickly in the capital than in many other European cities. Analysis by lift manufacturer KONE examined more than a billion elevator journeys across ten cities in seven countries and found a notable rise in lift usage in London office buildings during 2025. Activity increased by around 11 percent in January compared with the same month a year earlier, with the upward trend continuing through the year. Lift usage in large commercial buildings is often seen as a proxy for workplace occupancy and broader office attendance patterns. (more…)

Workspace Design Show London unveils “Connected Realities” installations

Workspace Design Show London unveils “Connected Realities” installations

by • News, Workplace design

Workspace Design Show (25–26 February 2026, Business Design Centre, London) returns with a series of immersive installations that bring the show’s 2026 theme, Connected Realities, to lifeWorkspace Design Show (25–26 February 2026, Business Design Centre, London) returns with a series of immersive installations that bring the show’s 2026 theme, Connected Realities, to life. Designed by leading architecture and workplace design studios, these installations explore how physical environments, digital systems, material innovation and human experience are becoming increasingly interconnected in the modern workplace. Together, the installations form a journey across the show floor, inviting visitors to pause, interact, reflect and reimagine how workplaces are designed, experienced and sustained. (more…)

Mitsubishi Estate announces £800 million London Southbank mixed use development

Mitsubishi Estate announces £800 million London Southbank mixed use development

by • News, Property

The Japanese developer will deliver a 600,000 sq ft mixed-use scheme, to be called Vista, which will combine offices, studios, galleries and exhibition areas. As part of the development, 40,000 sq ft has been allocated as affordable workspace for creative businesses, a measure intended to support start-ups and smaller firms in the sector.Mitsubishi Estate has announced plans to invest £800 million in the redevelopment of the former ITV Studios site on London’s South Bank, a project that is expected to create 4,000 jobs and provide significant new space for the capital’s creative industries. The Japanese developer will deliver a 600,000 sq ft mixed-use scheme, to be called Vista, which will combine offices, studios, galleries and exhibition areas. As part of the development, 40,000 sq ft has been allocated as affordable workspace for creative businesses, a measure intended to support start-ups and smaller firms in the sector.

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Revolut opens new London HQ as part of long term plan for the UK financial services sector

Revolut opens new London HQ as part of long term plan for the UK financial services sector

by • News, Property

Fintech firm Revolut has announced the opening of its new global headquarters in London, underlining a week that has seen more than £110 billion committed to the UK financial services sector.Fintech firm Revolut has announced the opening of its new global headquarters in Canary Wharf, in a week that has seen more than £110 billion committed to the UK financial services sector. The company confirmed it will invest £3 billion over the next five years and create around 1,000 new skilled jobs. (more…)

Merck scraps plans for £1 billion London research centre in blow to life sciences sector

Merck scraps plans for £1 billion London research centre in blow to life sciences sector

by • News, Property

US pharmaceutical company Merck, known as MSD in Europe, has withdrawn a planned £1 billion investment in a new discovery centre in London, citing the UK’s challenging environment for life sciencesUS pharmaceutical company Merck, known as MSD in Europe, has withdrawn a planned £1 billion investment in a new discovery centre in London, citing the UK’s challenging environment for life sciences. The decision will result in the closure of discovery research operations in the country and the loss of 125 jobs, although other research activities will continue. The facility, a 25,000 square foot headquarters in the Knowledge Quarter near King’s Cross, had been under construction and was due to open in 2027. The cancellation comes at a time when the government has identified life sciences as a key growth sector in its industrial strategy, with ambitions to make the UK Europe’s leading life sciences economy by 2030 and the third most significant globally by 2035. (more…)

Average length of London flex office agreements reaches a new high

Average length of London flex office agreements reaches a new high

by • News, Property

New research from CBRE has found that the average London flex office agreement now stands at 22 months, a record highNew research from CBRE has found that the average London flex office agreement now stands at 22 months, a record high since CBRE started tracking the data in 2020. In addition to longer commitments from occupiers, pricing in the capital has increased in recent years for best-in-class locations, with CBRE’s data showing H1 2025 rents in Mayfair & St James’s achieving an average of £315 per sq ft, and a top rate of £380 per sq ft, the highest in the UK. (more…)

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