Here’s a wrap-up of some of the most popular stories on EG from the past week.
The agencies advising the Pollen Estate on its failed application to redevelop a property on Savile Row have said Westminster has “nowhere near” enough office developments in the pipeline to meet demand. Kontor, Knight Frank and Gerald Eve have warned more and more big-name occupiers will have to look elsewhere in the capital if the situation doesn’t change.
Agencies warn Westminster office pipeline is ‘nowhere near’ demand
Cushman & Wakefield’s finance team has been bettering the agency’s balance sheet, repricing a $1bn term loan due in 2030 and prepaying part of another due in 2025.
Cushman reprices $1bn of term loan
Allsop has made 19 promotions across the business, including three partners, while Colliers lifted 55 team members.
Allsop promotes three to partner in promotions round
Colliers makes 55 UK promotions
Landsec this week was given the go-ahead for its next City of London office development, at Hill House. EG spoke with head of offices Oliver Knight about the REIT’s pipeline and what it wants to provide in a modern workplace.
Landsec gets approval for Hill House redevelopment
Landsec’s offices boss on his faith in the Square Mile
The family office of Uniqlo founder Tadashi Yanai is in talks with a flex provider to replace WeWork at its Covent Garden office block at 22 Long Acre, WC2. The family behind the Japanese multinational retail holding company Fast Retailing has started discussions with flex provider Re-Defined to take on the space after acquiring the property in recent months.
Fast Retailing family explores options for WeWork’s Covent Garden site
Other stories you might have missed:
Appear Here’s Ross Bailey on fixing real estate’s existential crisis
Gaw Capital secures deal of the century
Former Oxfam HQ changes hands for £37m
Residents hit out at BBC bar licence application
Savills buys flex advisory firm to merge with Workthere
GPE commits to development in ‘supply-starved’ office market
Real estate pay gaps: women are recognised but under-rewarded
Greystar set to sign £200m Manchester PBSA deal
For your listening pleasure from EG’s Property Podcasts:
Dealmaker of the Month: Jamie Lamond, Watling Real Estate
Redefining how real estate uses tech to address the climate challenge
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