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Office & hotel redevelopment in Southwark approved

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LOCAL councillors have given the go-ahead to a new mixed use office space and hotel redevelopment in Southwark.

The decision, made last night by the local council’s Planning Committee, will see a new six storey, 192-bed hotel built in Blackfriars Road with five levels of new office space, totalling 41,800 sq ft, above.

Derwent London’s new building will be capped by a publicly accessible ‘skybar’ operated by Soho House.

An existing seven storey office building called Wedge House, which was formerly in use as Southwark Social Security Office, will be knocked down the redevelopment.

A previous planning application was previously granted for an 11-storey office building at the site but consent has now lapsed after not being taken forward.

Related: office space for rent in London

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On your feet: new guidance for office workers

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NEW research has suggested that office workers in desk-bound jobs should be on their feet for 2-4 hours a day for better health and productivity.

The report, commissioned by Public Health England and Active Working CIC, says that sedentary workers should initially aim for 2 hours a day of standing and light activity, eventually rising to 4 hours.

Long periods of seating should be broken up with standing-based work and the use of sit-stand desks is also recommended.

An international panel of experts were invited to contribute to the recommendations which were published yesterday. It is the first time that specific targets have been issued to curb the health risks of too much sitting.

The report is based on observational and retrospective studies but the authors say “the level of consistent evidence accumulated to date, and the public health context of rising chronic diseases, suggest initial guidelines are justified.”

Read the full report on the British Journal of Sports Medicine website.

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More tenants announced at the Leadenhall Building

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100,000 SQ FT of new lettings at the Leadenhall Building in the City of London have been announced this morning.

The newly-revealed tenants are leading insurer and reinsurer Brit insurance, spanish bank Banco Sabadell, and Edinburgh-based asset management firm Kames Capital.

The companies will between them occupy seven storeys of the Richard Rogers-designed building that is unofficially known as the Cheesegrater.

The 225-metre tall skyscraper in Leadenhall Street is a joint development by British Land and Oxford Properties.

Tim Roberts, Head of Offices at British Land, said: “We continue to be pleased with the mix of occupiers we are attracting to the Leadenhall building, and our strategy of letting the lower floors first and focusing on the upper floors at completion is playing out well.”

Mike Rayner, Head of Developments at Oxford Properties, said: “We are exceeding our targets in terms of leasing, and are thrilled with the response to the building. We have always believed The Leadenhall Building is a world-class, trophy asset, and the level of interest has certainly reaffirmed that.”

Elsewhere on offices.org.uk: Search for offices to rent in the City of London.

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Chinese offices replicate USS Enterprise

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Screen Shot 2015-05-26 at 09.14.48
Star Trek inspired office. Credit: YouTube.

A NEW office building in China has been built to look just like the USS Enterprise of Star Trek fame.

Reports say that the $160 million offices in China’s Fujian province belongs to software company NetDragon Websoft.

The company’s founder Liu Dejian, who also sits on the board of Chinese search engine Baidu, is a “huge fan” of Star Trek, says the Wall Street Journal.

The new star ship shaped office building is 260 metres long, 100 metres wide and rises to six storeys.

The WSJ also says that the building has a life-sized Tyrannosaurus rex skeleton replica inside.

Watch aerial footage of the office building that looks like the USS Enterprise.

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London to get popup office built in the canopy of a tree

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A TEMPORARY co-working space built in the canopy of a tree is to open this summer in London.

The pop-up tree office in trendy Hoxton Square will accommodate up to eight people and have its own wireless internet.

TREExOFFICE has been created by artist Natalie Jeremijenko, previously responsible for similar tree offices in New York and Berlin. She has worked in collaboration with artists Shuster + Moseley, architects Tate Harmer and briefing architects Gensler.

The unique park hack office experience is part of a Rethinking Parks initiative from charity Groundwork in association with Hackney Council and Gensler.

TREExOFFICE opens on June 8th and will remain in place until the end of the year. Income from bookings to use the offices will be invested back into the local area. Local community groups will be able to book the space free of charge at weekends.

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London’s West End still most expensive place for office space

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AN annual international office survey has shown that London’s West End remains the most expensive place in the world for desk space.

The research by DTZ, published yesterday, says that the West End of London is now almost a third more expensive than the second most costly location, Hong Kong.

While London has seen office prices continue to rise, many others have seen the cost of workstations fall with Moscow being the city to see the sharpest decline.

James Maddock, Head of Global Occupier Services in EMEA at DTZ, commented: “London’s West End continues to power ahead as the most expensive City on the planet to have a desk and there are no signs that this will slow in the near future. The lure of London remains strong for occupiers who see the value of having space in one of the world’s major financial and business centres.”

He added: “It will be interesting to see the debate around the proposed EU referendum and what this means for London’s position as a destination of choice for many of the world’s major corporations.”

Top 10 Most Expensive Cities, USD per workstation 2014

London (West End) $29,340
Hong Kong $21,110
Lagos $19,080
New York $19,020
Zurich $15,210
Geneva £15,160
San Francisco $15,070
Luxembourg $14,370
Paris $13,690
Doha $13,509

Elsewhere on Offices.org.uk: Search for London office space available to rent.

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Manchester Royal Exchange revamp given the green light

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120,000 sq ft of office space is to be redeveloped at Manchester’s historic Royal Exchange building after a multi-million pound revamp was given the go ahead.

The Grade-II listed building which also houses shops and a theatre will also have a new roof garden added as part of the overhaul.

Local planners have approved the scheme that was submitted by Starwood Capital and Trinity Investment Management.

Richard O’Boyle, executive director at Trinity IM, said: “This is the first in a series of planning applications we will be submitting, in our bid to bring The Royal Exchange, a stunning Grade II listed building in the heart of the city, back to its former glory.”

The current Royal Exchange building in Manchester was opened in 1921 and damaged by bombings during WWII and by the IRA in the 1990s.

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Knight Frank: South east vacancy rates lowest since 2001

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Vacancy rates for office space in the south east are at their lowest since 2001.

The research by Knight Frank says that availability within the M25 was down 13% in the first quarter of 2015 compared to a year earlier.

The M25 vacancy rate for 2015 Q1 stood at 5.9%, falling to just 4.2% when only new and Grade-A office space is considered.

Emma Goodford, head of national offices leasing team, Knight Frank, commented: “2015 has started positively supporting our view that take up in the M25 will be almost 30% ahead of 2014, and above the ten year average.

“Vacancy levels are heading towards crunch point in combination the market seeing rental growth across a growing number of key centres.  In some cases rents are now at an all-time high- motivation for occupiers to identify and secure the best space now. The election has removed uncertainty and will drive demand.”

 

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Birmingham planners approve new HSBC offices

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LOCAL planners in Birmingham have approved plans for a new 210,000 sq ft office development in the city.

Construction work on 2 Arena Central in Broad Street is expected to begin next month following the planning decision by Birmingham City Council.

The brand new offices, situated in Birmingham Enterprise Zone, have been leased by HSBC for the head office of their ring-fenced bank for UK personal and business customers. About 1,000 positions will be moved from London Birmingham.

Speaking recently, Antonio Simoes, Chief Executive Officer of HSBC UK, said: “We want to be the bank of choice in the UK. Creating our ring-fenced bank head office in Birmingham gets us a step closer to that ambition for our 16 million personal and business customers.

“We have a strong track record of establishing banks outside of London, with first direct in Leeds and M&S Bank in Chester both recognised for great customer service. Birmingham City Council has worked hard and significantly invested to make the city an attractive home for UK businesses and their employees.”

Arena Central is a mixed development which will include over 600,000 sq ft of office space in total alongside leisure & retail, residential units and a hotel.

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Soho office building taken over by squatters

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AN OFFICE building in the heart of London’s Soho has been taken over by squatters who plan to create a “hub for homeless people.”

The building in Frith Street was formerly the head office of digital agency Reading Room but was bought by a pension fund with plans to turn it into flats and a restaurant.

According to the Evening Standard, a spokesperson for the group that have taken over the building said:

“We want to offer a safe space policy to vulnerable and homeless people – no drugs, no violence, racism or sexism.

“Our aim is to ensure no one has to sleep on the streets of London. There are thousands but to us one person is too many.”

The group previously occupied an office building in nearby Carlisle Street.

 

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