Your Cannot be Serious!
Two shockingly bad cold call emails Do people really believe this works?
Adam Neumann Makes Conditional Offer to Buy WeWork
Adam Neumann has submitted a conditional bid of circa £500 million for WeWork, the bankrupt co-working company he fronted until 2019.
Moody’s Quit Canary Wharf
How significant are the recent financial services departures from Canary Wharf or is the area just, reinventing itself and moving with the times
Sell Homes of “Putin’s Cronies”
Sell Homes of "Putin's Cronies" The phrase 'more easy said than done' surely applies here? All sounds great in theory - sell over a billion quids worth of Russian owned assets and provide new housing for displaced Ukrainians. According to new analysis by City Hall, if the £1.1bn of property identified by Transparency International in 2022 as being bought by Russians accused of corruption or with links to the Kremlin could be sold, it would provide sufficient funding for over 4,000 low-cost homes - lifted from the Beeb Quite a big 'if' and 'but' in there? So any legs or attention grabbing headline? Would dearly love to voice educated opinion but a quick google of related media articles the breadth of coverage would suggest the latter
18 Blackfriars Road £1 Billion Development Plans Revised
Hines have lodged revised plans for their office & residential redevelopment of 18 Blackfriars Road, after discussions with Historic England & Southwark Council
BT Tower to Become a Hotel
The Post Office Tower, as it was originally known, is set to become a hotel as owners BT Group sell to US group MCR Hotels for £275m.
The BT Tower was London’ tallest building for sixteen years after its opening in 1965 with its microwave aerials playing an essential role in telecommunications. Telecoms has undergone its own revolution and the Tower’s role has diminished but it still remains a significant London landmark.
WeBroke!
WeWork has warned of “significant doubt on the company’s ability to continue as a going concern”, after a £123m loss and revealing it owes its parent co £731m.
Gove Pauses Khan’s Planning Rejection
Housing secretary, Michael Gove, has ordered a six week pause to determine whether he should have the final say on proposals for the MSG Sphere in Stratford
That’s another fine MEES you’ve got me into…
That's another fine MEES you've got me into As April 2027 and 2030 deadlines loom how realistic is meeting EPC C and B ratings for run-of-the-mill London offices? The definition of run-of-the-mill London Offices is more than a tad vague so we grabbed an example off Langham Estates stock in Margaret Street. The fourth floor at number 19 is on the market and currently has an EPC rating of D. By 1st April 2027 this will need to be improved to C, and B by 2030. The floor in this building must be typical of a fair amount of secondary office space in London. One would assume the Langham have already done the simple stuff like energy efficient lighting, heating controls and the likes so begs the question what would need to be done to get that certificate to C and B...
Inflection Point?
British Land’s decision to rebuff Meta’s alternative tenant, for space at Triton Square they never occupied a “sign of confidence in the London office market”?