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.
James Couse joins the team
We have a new member of staff, James Couse. James brings to us his extensive agency expertise in the City and London niche markets and we are very happy he has joined