Property
City firms ‘retrofit’ buildings to lure staff back to offices
Cacao floors, wellness rooms and outside space are being installed to improve staff well-being and drive green credentials as firms try to appeal to Gen Z
SoftBank posts $6.2bn loss after WeWork bankruptcy
Japanese investor holds a majority stake in the office leasing company
2 min read
Hedge fund Millennium doubles British Land short position as UK property crisis rolls on
The shares of London-based property developer are down by roughly 20% this year
1 min read
Canary Wharf vs The City: Old school revival as docklands’ appeal wanes
While HSBC’s exit is the most high profile to date, the gradual bleed out of Canary Wharf has swelled in recent years
3 min read
Swiss Life Asset Managers targets UK real estate growth despite sector turmoil
Even residential and commercial real estate - which are facing strong headwinds - could present opportunities, according to one of Europe’s largest institutional real estate managers
3 min read
Unused City offices could soon become hotels and galleries
The Square Mile's governing body wants to be quicker to react to financial pressures and a shift in work patterns
2 min read
Blackstone limits Breit withdrawals again
Investor redemptions outgrow limits for the fourth month in a row
2 min read
Blackstone stock weighed down by investor concerns over real estate bets
Backers weigh future of flagship Breit offering after results last week
4 min read
Equivalent of 60 Gherkins lie dormant as empty central London office space hits 15-year high
New world of hybrid working has left tenants with unused space
1 min read
Andreessen Horowitz puts $350m behind ex-WeWork boss Neumann’s new startup
Venture capital firm is investing $350m at a valuation of more than $1bn, a person familiar with the matter says
3 min read
Thoma Bravo plans London office launch
US giant looks to take two floors in heart of Mayfair
2 min read
China Evergrande set to outline plan to restructure by end of July
Evergrande said that it is also taking appropriate steps to comply with Hong Kong exchange rules to avoid a possible delisting of its shares
Evergrande ropes in advisers to review $2bn cash seizure
Chinese property giant also agrees to $575m project disposal
Banks seize $2bn from Evergrande unit as results delayed
Developer says ‘major incident’ at Evergrande Property Services will be investigated
Royal London nabs new HQ in the City
The insurer will have floors ten to 14 in new development 80 Fenchurch Street
1 min read
London’s Silicon Roundabout is over — say hello to the Tech Belt
“They used to all crowd together. Now, a number of companies are pulling in different directions, saying ‘I’m big enough, I’ve got 3,000 people, I don’t need to go there because people will come to us’.”
5 min read
Klarna takes up WeWork space for new London office in hybrid-working strategy
Klarna’s UK HQ will take the top floor of London’s Aviation House
2 min read
London is the destination of choice for Hong Kong’s most affluent
The BNO scheme provides a direct route to UK citizenship for most Hong Kongers
8 min read
Back to work as UK lockdown lifts: How City firms are planning for a return to the office
Employers are offering Covid tests and overhauling office space to get staff safely back into work
2 min read