CANARY Wharf Group (CWG) has reported a £10 million increase in the value of its office portfolio during the first half of 2025, lifting the total to £4.3 billion. The uptick comes alongside a sharp rise in leasing activity, with more than 450,000 square feet of space secured across its estate during the first six months of the year, according to independent reporting.
The figures mark a modest but encouraging recovery for the Docklands business district, which has faced significant challenges in recent years following a shift towards hybrid working and departures by some high-profile tenants. Occupancy across CWG’s office estate has now climbed to around 89.2%, reflecting improving sentiment in the London commercial property market.
Recent successes include an expanded and extended commitment from Spanish banking group BBVA at One Canada Square. This deal forms part of a wave of transactions across the estate, with major financial and technology firms such as HSBC, Visa, Zopa and Revolut also reaffirming their presence at Canary Wharf.
Commenting on the BBVA agreement, John Mulqueen, Chief Investment Officer at Canary Wharf Group, said: “We are delighted to agree a new lease with BBVA, a prominent and highly successful company and to be a part of their continued success. We’re seeing strong demand in our leasing pipeline having announced approximately 250,000 sq ft of deals this year which is driven by business expansion, growth and a desire by businesses to bring their people together to collaborate.”
The combination of portfolio value growth and strong leasing activity is seen as a positive signal for the Docklands, suggesting that while the office market continues to evolve, Canary Wharf retains its status as a leading business destination in the capital.
BizSpace, the UK’s largest provider of flexible workspaces, has expanded its Yorkshire footprint by acquiring Gresley House in Doncaster for £2.6 million, bringing its total number of properties in the region to 18.
Located just half a mile from Doncaster town centre on Ten Pound Walk, Gresley House is situated within an established office and business park that benefits from excellent transport links to the M18 via White Rose Way. The three-storey building offers 12,800 square feet of mixed serviced office space, tailored to the needs of local entrepreneurs and SMEs.
BizSpace plans to invest £1 million in comprehensive refurbishment of the property. This includes creating a modern reception area, updating general office facilities, and redesigning the ground floor into 25 new serviced and managed office units to support local businesses.
Emma Long, Commercial Director at BizSpace, emphasised the strategic importance of the development, calling it “a modern business environment where local businesses can thrive.”
This acquisition underlines BizSpace’s commitment to regional growth and its ongoing efforts to deliver high-quality, flexible workspace solutions to the Yorkshire business community.
HSBC has signed a 15-year lease for 210,000 square feet of office space at 40 Bank Street in Canary Wharf, reversing its earlier plan to exit the Docklands financial district entirely. The move comes as the bank prepares to relocate its headquarters from 8 Canada Square to a new base in the City of London near St Paul’s Cathedral, but has found the forthcoming site will not accommodate all London staff.
The additional Canary Wharf premises are expected to be occupied from early 2027, providing room for teams that cannot be accommodated in the new headquarters. The decision also means HSBC will maintain a multi-site footprint in the capital for the foreseeable future.
HSBC had announced in 2023 that it would vacate Canary Wharf in favour of the City, reflecting a post-pandemic shift in corporate real estate strategy. However, the return-to-office push – requiring at least four days a week on-site for managing directors – has increased demand for desks, making the extra space necessary.
The agreement offers a boost to Canary Wharf’s office market, which has faced challenges in recent years due to rising vacancies and a shift towards flexible working. Landlord Canary Wharf Group has been diversifying the estate, adding residential, retail and life-sciences developments alongside its traditional banking tenants. HSBC’s renewed commitment signals continuing demand for large-scale office space in the area, even as hybrid working remains in place.
The offices.org.uk guide to working from home and staying sane.
Some people love working from home (WFH), but for those who need the discipline and daily contact of office life, it’s a real challenge. But it doesn’t need to be difficult. Working at home can be stress-free and even enjoyable if you keep in mind a few simple rules. Don’t think of these as rigid instructions as much as guidelines that have worked for Peter Watts, a freelance writer who has worked from home for more than a decade. We also spoke to Leapers, an organisation that supports the self-employed and homeworkers.
Following some simple rules can make working from home stress-free. Credit: Shutterstock.
Establish a routine
Your commute might be reduced from 45 minutes to 45 seconds,
but that doesn’t mean you should abandon the routine that separates home from work.
That means getting up, washing and getting dressed before starting work. It’s a
good idea to take some morning exercise to put you in the right frame of mind,
even if it’s just a walk round the block. Feel free to answer a few emails in
bed as soon as you wake up, but give yourself some breathing space before you
dive into the heavy stuff. It’s just as important to watch the clock at the
other end of the day. Working long into the evening is easily done but it can
be surprisingly unproductive, and it’s not great for your mental and physical
health or your relationship with your family. “That’s where you decide ‘right,
I’m starting work now’ and ‘Okay, I’m done for the day’, and step away from
your work, or else it bleeds into your evenings and weekends,” says Matthew
Knight of Leapers.
Create an office environment
You might like the idea of turning your bed into a soft and cosy work pit, but it’s terrible for your back and can disrupt sleep patterns. Instead, try and set yourself up at a desk or table, recreating the resemblance of an office space as closely as possible. It might be boring but this physical space will reinforce your sense of routine, providing a boundary between work and home time, which can otherwise all too easily overlap. That doesn’t mean you can’t be flexible – if you want to read a report while sitting in the bath or make some calls from the garden, go right ahead.
Give yourself some downtime
One of the great pleasures of home working is you can behave
as a grown-up. That means treating yourself to the occasional 20 minutes off to
do some cooking, gardening or other chores. You can even have a lie down if you
really need one. If you feel guilty, remember that you no longer have a daily
commute built into your day so are allowed to take the time you once spent
travelling and invest it in something more useful or enjoyable. Just try and
avoid anything addictive like watching TV or playing video games. “Give
yourself some downtime – absolutely, take breaks, get good sleep, do your daily
exercises, and give yourself permission to slack off,” says Knight. “We are
constantly distracted in the office, so at home is no different but you might
need to put some structure around when and where you work.”
Invest in equipment
Basically, you get what you pay for. Make life easier for
yourself by investing in decent essentials – reliable broadband, a sturdy laptop,
a user-friendly printer. A nice office chair can be necessary if you are
working long hours, and you can also get adjustable stands for the laptop,
which are very useful. Think about the items you take for granted in the office
such as stationery and printer cartridges, and make sure you have plenty close
to hand.
Stay connected
One of the hardest aspects of working from home is the lack of contact with colleagues. Spending time with people who understand and care about your job is good for you and it’s good for your work. Without their support, you can easily feel lonely or struggle with a problem that would benefit from somebody else’s input. This can’t always be resolved by email, so don’t be afraid to pick up the phone and talk. “Make sure you’re communicating with your network,” says Knight. “It’s really easy to feel isolated, so make sure you’re sharing, but also asking others and listening for their answer. Being at home on your own, having to figure out working remotely, can be quite an emotional load so when you don’t see people every day it’s even more important to schedule time to check in, see how folk are doing, and keep communicating.”
NEWLY-refurbished headquarter office space has been unveiled at Birchwood Park in Warrington by the Commercial Estates Group (CEG).
CEG’s multi-million revamp of the office complex, which consists of three self contained properties, was undertaken by Ultimate Office Solutions.
The trio of units, one of which is already let, was formerly known as The Beacons and has now been rebranded as Concentric.
The refurbished office space includes new energy efficient studio-controlled air conditioning, LED lighting, high-quality showers, secure bike parking, toilet, lifts, kitchenettes and disabled facilities.
Robert Morton, investment manager at CEG, said: “Our focus at CEG is on our customers. By delivering the highest quality headquarter space, with the flexibility to also provide smaller offices, in such a great business location we expect a high level of interest.
“A contemporary working environment, with a fabulous reception, well-designed facilities, optimum temperature control and plenty of light are proven to increase productivity, as well as helping to attract and retain staff. An environment like this, in which businesses can flourish, is exactly what our customers demand.”
FLEXIBLE serviced office provider Citibase has launched its second Aberdeen business centre.
The new facility in the Granite City is on the second floor of H1, Hill of Rubislaw, a recently-refurbished building in the Western Office Corridor, just a few minutes’ walk from the city centre.
With over 17,500 sq ft of office space, the new Aberdeen business centre – Citibase’s fifth in Scotland – also has an open plan reception, business hub facilities and an on-site café.
Steve Jude, CEO, Citibase commented: “Our most recent Citibase Business Confidence Index revealed that 71% of Scottish SMEs prefer office contract lengths of less than three years, which is clear evidence that the flexible office revolution is gaining serious momentum in Scotland.
“Citibase is committed to providing Scottish SMEs with one of the best flexible office hubs in the city as demand continues to soar as businesses both large and small increasingly turn to our low-risk, short-term contracts.”
FLEXIBLE office provider Citibase has opened a brand new business centre in Uxbridge, West London.
The new business centre provides over 28,000 sq ft of affordable serviced office space arranged over two floors of The Atrium – an eye-catching office building in Harefield Road in the heart of the town centre.
Facilities at Citibase Uxbridge include break out spaces, an on site cafe, 24 hour access and a friendly Concierge team.
Steve Jude, CEO of Citibase, commented:
“Citibase Uxbridge will provide much needed affordable office space that allows local businesses to thrive, with the flexibility to easily change the size of their space as they grow without the pain of typical long lease commitments.
“The opening of Citibase Uxbridge is reflective of a booming sector, where we are seeing particularly strong growth outside of central London.”
The business centre is the latest addition to Citibase’s portfolio of over forty locations around the United Kingdom.
LONDON Fire Brigade were called out to a blaze on top of an office skyscraper in the early hours of Saturday morning.
Around twenty calls were made to the emergency services are smoke was seen billowing from the roof of One Churchill Place at Canary Wharf.
Eight fire engines from stations in east and south east London were called to the fire at the building which is the global headquarters of Barclays Bank.
Station Manager Lee Sandy, who was at the scene, said: “While the fire was very visible, it was contained to the air conditioning unit on the roof of a commercial tower block. There were no people involved and the fire did not spread beyond the roof area.”
Sixty firefighters helped put out the fire which was under control shortly before 2am – less than ninety minutes after it was first reported.
The site of the dual phase scheme designed by architects HPF on behalf of developer Overcourt Ltd is Paris Gardens and Hatfields just off Blackfriars Road.
Over 56,000 square metres of new and refurbished office floor space will be delivered by the project will provide space for 3,000 workers.
Non listed office buildings at the half-hectare 1-5 Paris Gardens / 16-19 Hatfields location will be demolished to make way for a part-23, part-26 storey skyscraper.
Grade II listed former print works at the site will be refurbished as part of the scheme which will also see the development of a new public square at ground level.
The new tower is just one of a cluster of tall buildings built or in development close to Blackfriars Road. Councillors on the Southwark Council’s Planning Committee approved the plan at a meeting shortly before Christmas.
CASH-strapped Northamptonshire County Council has been given permission by the government to spend the proceeds from the sale of its new office building.
The green light to use capital receipts for day to day spending, believed to be without precedent, was given yesterday by the Secretary of State for Housing, Communities & Local Government, James Brokenshire, in response to recommendations from Commissioners sent in to stabilise the council.
Northamptonshire Council, which announced it had a £70 million shortfall, opened the brand new head office building at 1 Angel Square in Northampton in October last year.
Just four months later the stricken authority announced the £60 million sale and lease-back of the BDP-designed property. It will now be able to use the income from that sale to help plug the gap in its spending.
The 22,000 sq metre development boasts a four storey atrium reception as well as a central courtyard with office space, informal meeting areas and touchdown areas grouped around it.
Cllr Matt Golby, leader of Northamptonshire Council, said: “I am delighted the commissioners have been successful in their request for a capital dispensation. This will enable us to use our own resources to tackle the £35m deficit from 2017-18 and replenish our reserves to put us on a sustainable financial position.”
Earlier this year, Northamptonshire County Council voted to scrap itself and two new unitary authorities will replace it from 2020.
