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Government urges London businesses to consider remote working ahead of 2012 Olympics

The government is encouraging businesses in London to employ remote working techniques during the Olympic Games.

The announcement comes as the government tests its plans to ease congestion during the games this week.

In an attempt to avoid bringing London to a complete standstill during the 2012 Olympics, the government is urging businesses based in the capital to seriously consider employing remote working techniques this summer.

The plea comes as thousands of civil service city workers swapped the office for home working this week as the government tested its plans to avoid city congestion. In addition to remote working, businesses are also being encouraged to vary their working routines to limit the risk of overcrowding on the city’s already strained transport system. (more…)

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Google to open London Campus for tech start-ups

Filed under: News — Tags: Google Campus, Google Campus East London, Google Campus office space, Google internet university, London office space, Silicon Roundabout, Tech City London — Amy Edwards @ 9:06 am

Google is to open a communal workspace in East London for tech start-ups.

The ‘Campus’ in Tech City will offer work stations, events space and relaxation areas.

Search engine giant Google has announced it will open a new communal workspace for tech start-ups and entrepreneurs in East London within weeks.

Close to Silicon Roundabout, the seven storey building in Shoreditch will offer office space, relaxation areas, events space and meeting rooms to a range of online firms. The California-based firm acquired the property at 4-5 Bonhill Street, which is set to be known as the ‘Campus’ back in September last year on a 10 year lease. (more…)

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Welsh Government criticised over planned London office relocation

Filed under: News — Tags: 25 Victoria Street Wales Government, Gwydyr House, London office space, Portland House, Wales Office, Welsh Government, Welsh Government to move to London office space — Amy Edwards @ 8:57 am

The Welsh Government plan to spend £270,000 on a new London office base.

The plans to move to 25 Victoria Street have been severely criticised by the Welsh Conservatives.

The Welsh Government has been accused of “empire-building at the taxpayers’ expense” after announcing plans to relocate to a new London base.

The government plan to move out of its office in the Wales Office and into new office space at 25 Victoria Street – a move which could cost around £270,000. The proposals have been strongly criticised by the Welsh Conservatives who believe the relocation would be an unnecessary expense. (more…)

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London office space dominated by foreign investors

Filed under: News — Tags: foreign investors dominate London office space market, Jones Lang LaSalle, knight frank, Korea Investment Corp, London office space — Amy Edwards @ 12:16 pm

New research shows foreign investors snapped up the majority of London office space last year.

Overseas maiden investments accounted for a third of the total spend in the London office market in the last 12 months.

Foreign first-time buyers and investors are dominating the London office space market according to new research from the property group Knight Frank.

The figures show that foreign investors and cash-rich first time investors are fighting for a share of the market as they look to acquire stable assets in the current Eurozone crisis. According to Knight Frank, overseas investors making their debut investment in the London office space market accounted for about a third of the £9.1 billion spent in the market last year, while foreign investors accounted for about 60% of the overall investment into the market. (more…)

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Report shows that there is a shortage of serviced office space in London

Filed under: News — Tags: excess of grade C office space, Jones Lang LaSalle, London office space, service office space, shortage of london serviced office space — Beth Hepple @ 3:55 pm

There is a lack of supply of serviced office space in London.

The reports comes after research revealed that there is an excess of grade C supply.

A report concerning the availability of serviced office space in London has shown that there is limited supply within the capital.

SME’s looking to move into office space in London are set to be left peeved by the lack of serviced business centres available to them. (more…)

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Occupy London protesters evicted from office block

Filed under: News — Tags: former bank office space, Leadenhall Street office space, London office space, Occupy London office space, Swiss bank UBS office space — Beth Hepple @ 2:32 pm

Occupy London have been evicted from their office space base.

The group were using the office space of a former bank as an ideas workshop.

The Occupy London protesters have been evicted from the office space they were inhabiting in the City.

The protesters were using disused space owned by Swiss bank UBS on Sun Street near Liverpool Street Station but police are said to have evicted around 50 of them from the building, labelled the ‘bank of ideas’, in the early hours of this morning. (more…)

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London loses its property appeal in the tough economy

Filed under: News — Tags: European city property survey, foreign investment in offices, investment in London property, London office space, PricewaterhouseCoopers LLP — Beth Hepple @ 9:28 am

London loses its appeal property-wise because of the financial crisis.

The survey places London tenth out of 27 European cities in terms of property investment.

So far London has remained in a positive position property-wise throughout the financial crisis, but is now said to be losing some of its appeal as people are more reluctant to invest as the UK is faced with the prospect of enduring a recession.

High prices are also said to be a deciding factor, seeing London drop down to tenth place in a ranking of 27 European cities according to a survey put together by PricewaterhouseCoopers LLP. (more…)

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Construction of the Pinnacle tower has been delayed again

Filed under: News — Tags: construction of the pinnacle delayed, developers struggle to secure pre-lets, London office space, office space in London financial district, pinnacle delayed for a second time, The Pinnacle — Beth Hepple @ 11:00 am

Construction of the Pinnacle has been stalled for a second time.

Developer Arab Investment has failed to secure enough pre-lets for the development.

City of London office space development the Pinnacle at Bishopsgate has experience another delay in construction amid funding issues.

Upon completion the story is set to be the tallest office space in the Financial District and will comprise of 64 storeys and be around 945 ft in height. (more…)

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Planning secured for Mayfair office re-development

Filed under: News — Tags: Aerium, London office space, Mayfair office space, office soace redevelopment, planning permission for Mayfair office space, Terrace Hill — Beth Hepple @ 9:22 am

Planning permission has been granted for an office re-development in Mayfair.

A joint venture between Aerium and Terrace Hill will see two 1960′s properties be transformed into grade A space.

Planning has been secured for the re-development of prime office space in Mayfair by a joint venture.

Terrace Hill and Aerium have collaborated to revamp 49-51 Conduit Street and 24 Saville Row after acquiring the property from Prupim last year. (more…)

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Canary Wharf Group take on office development at Wood Wharf

Filed under: News — Tags: Ballymore, British Waterways, Canary Wharf Group, Docklands office space, London office space, Office space in Canary Wharf — Beth Hepple @ 10:39 am

Canary Wharf Group bought out its partners for the Wood Wharf development.

The group now have sole control of the project which is located adjacent to Canary Wharf.

Canary Wharf Group has bought out its partners in regard to the Wood Wharf development which is set to be adjacent to Canary Wharf.

Originally the group controlled 25% of the development but now have sole control after buying out former partners British Waterways for their half and Ballymore for their 25% of the scheme. (more…)

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