Search Results for: london

L`Oréal moves London HQ to White City Place

L`Oréal moves London HQ to White City Place

L'Oreal White CityL’Oréal UK and Ireland has announced that it will be moving from its current office site in Hammersmith to a brand new bespoke building in White City Place, West London, W12. L’Oréal will occupy six floors of the eleven storey building, which is part of the new creative business district White City Place, developed and owned by Stanhope, Mitsui Fudosan and AIMCo. Other occupiers at White City Place include the fashion designers Ralph & Russo, online luxury fashion retailer Yoox-Net-a-Porter, the BBC and ITV Studios. The workforce of 1,000 employees at L’Oréal’s London-based headquarters are due to move in Autumn 2023 to the new building, which is when the company will reach the end of its current lease. Stanhope claims that the space will reflect L’Oréal’s culture, focused on collaboration, creativity and agility. (more…)

Planning permission granted for new 13 storey London offices

Planning permission granted for new 13 storey London offices

Planning permissionPlanning permission has been granted for a new 13-storey riverside office building at the Embassy Gardens development on London’s South Bank. Named EG:HQ, the development will provide 217,000 sq. ft. of flexible space in zone 1 Nine Elms, in addition to 18,000 sq. ft. of outdoor amenity space which will include a 9,000 sq. ft. communal terrace and several private open-air terraces. (more…)

New London office building hits five year low

New London office building hits five year low

London office buildingsAlthough occupier demand remains high, the construction of new offices breaking ground in London over the last six months is down by nearly a half (49 percent) – the lowest level of new starts for five years, according to the London Office Crane Survey by Deloitte Real Estate. In the last six months, only 24 new schemes (1.8 million sq ft) commenced construction compared to 37 schemes (3.5 million sq ft) in the previous survey of London office building. (more…)

Flexible workspace makes up a third of London property deals

Flexible workspace makes up a third of London property deals

flexible workspace in GlasgowOver the past year, flexible workspace made up over a third of of commercial property transactions in London despite only making up around 6 percent of the total office supply in the UK capital, according to a new report by The Instant Group. (more…)

London is the most productive region in the UK

London is the most productive region in the UK

London is the most productive region in the UK, followed by the South East and Scotland according to new research from the the University of Durham Business School. Economists Professor Richard Harris and Professor John Moffat conducted the research and also found that the least productive region was Wales, with London having productivity levels over double the amount of Wales. London receives between twice and three times as much per capita funding for transport than any other region. (more…)

London demand for tech skills threatens new North-South divide

London demand for tech skills threatens new North-South divide

A new analysis of the UK’s jobs market by Accenture claims that despite growing opportunities in other cities, London has increasingly greater demand for talent in emerging technologies than ten other UK cities combined. According to the report,  there are currently 422,000 UK-based professionals with skills in emerging technologies such as data analytics, artificial intelligence, blockchain, extended reality and quantum computing.

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Is London Smart City Initiative as smart as it could be?

Is London Smart City Initiative as smart as it could be?

It’s been a year since the launch of the Mayor of London’s smart city roadmap, designed to transform the capital into the smartest city in the world. But twelve months later, is the city any smarter? The Mayor of London’s smart city roadmap is proposing to transform the capital into the smartest city in the world, and as part of the initiative, Sadiq Khan appointed his first Chief Digital Officer to help steer the plan to focus on knowledge and technical advancements that will make life easier for London’s citizens. (more…)

London commercial property market continues to thrive

London commercial property market continues to thrive

The London commercial property market continues to thriveJuly saw some of the largest deals complete in central London this year, says Savills, with a total of £1.394bn transacted in the West End and the City of London across 13 deals, representing a 185 percent increase on the £489m transacted in June. The real estate adviser highlights the low exchange rate coupled with high demand as the key factors behind the ongoing drive for deals in the London commercial property market. (more…)

London occupiers mixing conventional and flexible offices

London occupiers mixing conventional and flexible offices

London occupiers are looking at various ways of occupying spaceAlthough London retains its status as the European capital of flexible offices and coworking, a new report from Colliers International claims that the capital is also enjoying above average demand for conventional office space, coupled with reduced footprints overall, as corporate occupiers seek to expand their businesses but without taking on property at the same rate. (more…)

London is top flexible offices market in Europe

London is top flexible offices market in Europe

Leo coworking space in North London, Europe's main pioneer of flexible officesResearch conducted by CBRE claims that London’s stock of flexible offices amounted to over 1.1 million square metres, representing over 5 percent of the city’s total office stock. This places London firmly top of the table of flexible office markets, when compared to major cities across Europe. (more…)

London now has its own Good Work standard

London now has its own Good Work standard

The Mayor of London has launched the city's own good work standardThe Mayor of London Sadiq Khan has launched London’s Good Work Standard, pledging to make London ‘the best place to live and work’.  The standard has been developed in partnership with CIPD, claims to bring together good employment practice with resources and guidance written by CIPD experts and tested with London based CIPD members, the framework sets out to support employers of all sizes across the city improve their people management practices and create good work for all.

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HMRC extends deal for new London hub

HMRC extends deal for new London hub

HMRC new London hubHer Majesty’s Revenue and Customs (HMRC) today completed the topping out at the 12-storey office where HMRC will establish a new Regional Centre. HMRC has also leased a further 58,000 sq. ft. to become the sole tenant of the 300,000 sq. ft. development next to Westfield Stratford City. The topping-out ceremony was attended by senior executives from Unibail-Rodamco-Westfield, HMRC and Legal & General, which has funded the development. the offices are located above the shopping centre at Westfield Stratford City. Works continue with completion of the facade and internal works, in preparation for handover of office floors for final fit out by HMRC. (more…)