Troubled office rental company to lay off 13% of its workforce to try to staunch massive losses – and few believe the cuts will stop there
British Land is planning to focus its business on the so-called sharing economy by building more homes for rent and expanding its own serviced office brand in a bid to shore up its portfolio against weakness in the retail sector.
A Birmingham serviced office complex has been acquired by property investors in an off-market deal.
The cost of a West End desk in a funky “flexible” office with free beer on tap, has jumped to £1500 per month, it emerged on Monday.
The shared-office model has typically been popular with millennials who like flexible leases, as well as free lattes and prosecco on tap in some buildings.
A LANDMARK office building in Leeds has been acquired by its biggest tenant in a multi-million pound deal.
The Tannery on Kirkstall Road has been bought by serviced office provider Bracken Business Centres, from development company CDP Marshall in a deal funded by Handelsbanken’s Wellington Street branch.
Completion of the deal sees Bracken Business Centres, which has leased 13,500 sq ft at the Tannery as a business centre..
South African retail magnate Christo Wiese continued his spending spree, acquiring offices firm Ventia which provides 2500 desks across London.
Wiese, fresh from a string of investments which include stakes in New Look and Virgin Active, has bought the serviced-offices firm for an undisclosed fee.
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