Plans unveiled for major 54-storey skyscraper in the City of London Property Proposals for a new 240-meter-tall office building in the City of London’s eastern skyscraper cluster have been submitted for planning approval. The 54-storey 99 Bishopsgate scheme, filed earlier this week by developer Brookfield Properties, represents a key development in the Square Mile’s skyscraper boom as the area around Bishopsgate and Gracechurch Street undergoes a transformation [...]
Young Londoners spend more time in office than older workers, survey finds Business Young workers in London spend more of their time working from the office than any other age group, an international survey of return to work habits has found. London saw another year-on-year rise in attendance, with average central London full-time workers spending more than half the working week, or 2.7 days, in the office in [...]
Citypoint tower up for sale as owner seeks cut-price deal Property Canadian asset manager Brookfield has put Citypoint tower up for sale in what could be the biggest commercial office sale in the capital all year. Brookfield has reportedly started the sale in the hope of avoiding a default on a £460m loan secured on the building, according to the FT, which it previously extended in [...]
Derwent London upgrades rental guidance thanks to ‘world class’ London August 8, 2024 An acceleration in rental growth and a more stable investment environment has helped office giant Derwent London upgrade its rental guidance off the back of “really active demand”, its boss said. In its half-year results this morning, the FTSE 250 office specialist said its income grew but valuations continued their decline. Derwent, which owns flagship [...]
Demand for office space in the City of London jumps as firms return July 4, 2024 Stuart Lawson, a director in Savills’ Central London Agency team, said: "The first half of 2024 has demonstrated positive progress in the City of London's office market, following on from a strong 2023.