Over 17,000 sq. ft. of London office space will be made available by serviced office provider Orega in August 2012.
Building on their previous success, the new building in EC2 will offer 24-hour access and provide a modern and tech-orientated environment for businesses operating from the site.
A newly refurbished office development has been announced for later this year by serviced office provider, Orega.
Orega will be taking two floors of 101 Finsbury Pavement, close to the Moorgate tube station and Liverpool Street. Over 17,000 square feet of office space is expected to attract a number of local businesses with a new fit-out, air conditioning and access to a spectacular rooftop garden.
New buildings in Vauxhall, London, will provide space for brand new student accommodation, hotels and office space – as well as cafes, shops and a community centre.
The scheme, due to be undertaken in part by CLS Holdings, will see hundreds of thousands of square feet of new space appear in ‘Spring Mews’, by Vauxhall Square.
The demand for office space in London has dipped due to concerns over the Euro Zone according to a leading property developer.
According to a report from the news agency Reuters, Land Securities has revealed that many firms are putting-off the acquisition of commercial premises due to the uncertainty hanging over the fate of the troubled Euro.
The relocation of 8,000 employees from one of the world’s largest financial institutions to office space in Canary Wharf will create Europe’s biggest collection of bankers in the next few months, moving the capital of the UK and Europe’s financial centre away from the City of London.
BAM will upgrade former government offices in London.A sustainable construction company has emerged with the contract for the London offices which used to belong to a department of the British Government.
BAM have won a contract which will see them refurbish the former offices of the Department for Environment, Food and Rural Affairs (Defra) for £23 million.
The official office address is 1 Page Street in Westminster and BAM will be working under the contractor who tendered the bid out, Derwent London.
Knight Frank name London’s West End as second most expensive office space location in the world.Hong Kong rents grew 28% in 2011 to knock the West End into second place.
London’s West End is now the second most expensive place to rent office space in the world – that’s the message from Knight Frank’s 2012 review of global real estate markets.
The firm found the capital’s upmarket area was knocked into second place after Hong Kong office space rents grew 28% in 2011 – a stark contrast to the West End’s growth which slowed last year following a 31% rise in 2010. Statistics show that while rents in the West End rose by 9% in the first half of the year, they remained stagnant during the last six months of 2011 as uncertainty over the UK economy grew. (more…)
A new report shows the amount of office space allotted for each City worker has been slashed to just 10 sq m.The DTZ study found space efficiency drives have led to a 7.3% drop in occupancy costs in the City.
Office space workers in the City are sure to be feeling the squeeze from the economic downturn – a new DTZ study has found that businesses in the Square Mile have slashed the amount of office space allotted to each employee.
A new space efficiency drive has seen the average workstation size drop from 11 sq m in 2010 to just 10 sq m today. This figure falls in direct contrast to workstation size in New York which currently stands at double the average City figure at 20.9 sq m per worker. (more…)