More than £900mn has been wiped off the value of Canary Wharf Group’s office buildings, as the financial district landlord secured backing from lenders for a £553mn debt deal. The developer and manager of the London docklands estate reported a 14.7 per cent annual fall in the value of its property holdings to £6.8bn in 2023. Independent valuers heavily marked down its office buildings, which make up a majority of the portfolio, to £4.3bn. This has been offset by rising retail values and steady residential assets.

Adam Neumann has submitted a conditional bid of circa £500 million for WeWork, the bankrupt co-working company he fronted until 2019.

How significant are the recent financial services departures from Canary Wharf or is the area just, reinventing itself and moving with the times

Hines have lodged revised plans for their office & residential redevelopment of 18 Blackfriars Road, after discussions with Historic England & Southwark Council

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.

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.

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

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”?

We are pleased to be instructed on Bridgegate House, 124-126 Borough High Street, Southwark SE1.

British Land has planning for a 140,000 sq ft last mile logistics hub in Southwark, close to the junction of New Kent Road, Old Kent Road and Tower Bridge Road

WeWork is closing down its 133 Houndsditch site and evicting its tenants. The firm is, supposedly, helping members move to nearby WeWork locations.

PineBridge Benson Elliot has secured planning for 215,000 sq ft sustainable offices in The City including 14,000 sq ft of food & beverage, and retail space.