Subterms
The British Airways Pension Trustees paid £78.75m for The Ugly Brown Building in north west London, and Ted Baker will net at least £72m, which will used to pay down debt. The fashion chain has entered into a short-term lease of the offices for a period following completion in June, and at completion will enter […] More
Take-up punched through the 1m sq ft mark for the first time in 2017, with the figures inflated by the 378,000 sq ft Government Property Unit deal at MEPC’s Wellington Place and activity has continued to tick along nicely ever since. However, there is a potential issue looming large on the horizon, cautions Chris Hartnell, […] More
Richardson, who is asset manager at Commercial Estates Group (CEG), is outlining how the developer intends to breathe new life into architect John Marshall’s famous Temple Works, the grand former flax mill on the south side of Leeds city centre that when built, between 1836 and 1840, was reported to be the biggest room in […] More
The developer plans to build the office at 179 Canongate in Edinburgh’s Royal Mile. The new building sits in a UNESCO World Heritage Site surrounded by the A-listed Canongate Kirk and Canongate Tolbooth. The offices will have four floors at 5,000 sq ft each catering to small and medium enterprises. It will also provide a publicly […] More
Several sources have told The Wallstreet Journal, Financial Times and New York Times the Japanese conglomerate is considering abandoning its share buyback plans. The firm told WeWork shareholders in a note on Tuesday that current regulatory investigations into WeWork in the US would allow it to back out of the buyback. Both the U.S. Securities […] More
The 570,000 sq ft office scheme, comprising One and Two Southbank Place, is fully let to WeWork and Shell. It is understood that Blackstone is not in exclusive talks for the asset, but that it is looknig to pay around £850m for the assets, which would reflect a yield of 4%. WeWork pre-let its 280,000 […] More
The developer said it wanted the scheme, which would comprise 300,000 sq ft of workspace on a 2.8-acre site, to become the city’s first BREEAM ‘Outstanding’ office building. The scheme at 104-112 Hills Road would run entirely on clean renewable energy and include features such as a recycling system for rainwater and wastewater, electrical charge […] More
The agency said it will take steps to make all its premises carbon neutral within the next decade, through retrofitting and energy efficiency projects. All future offices will be acquired and fitted out to be carbon neutral. It said it was in the process of “developing and implementing a roadmap” for how it would hit […] More
