Flexible Office Space to be Trialled in Tesco Supermarkets
IWG, whose brands include Regus and Basepoint, is to pilot flexible office space within a Tesco supermarket in New Malden. Excess retail space at the South London...
Read Full ArticleRetailer John Lewis has secured conditional planning permission from Westminster City Council to convert 28,135 square metres of retail space into offices.
This equates to around 45 per cent of the flagship Oxford Street store.
The city council’s decision was made on the basis of “exceptional circumstances”, according to reports by The Evening Standard.
According to the real estate adviser Altus Group, the John Lewis store in Oxford street has an ERV (estimated rental value) on the open market of £19.91m – the third highest in England.
In their financial results for the first half of 2020, The John Lewis Partnership reported that they had made a loss of £55m, and that sales were down around 30 per cent on last year,
In April, the group set out a worst-case scenario for the full year of a sales fall of 5 per cent in Waitrose and 35 per cent in John Lewis. They are also aiming to make £100m of head office savings.
Raj Krishnamurthy, CEO of workplace technology solutions Freespace, predicts that new office spaces such as this will need to balance office space demand with capacity management:
“Organisations of all sizes will need to remain nimble given the highly unpredictable situation and the constant threat of additional outbreaks. A data-led approach can support this and ensure longevity when it comes to business continuity and workplace safety and compliance.
“This insight, gleaned from workplace technology, can support business leaders in their plans to dramatically alter their commercial real estate to comply with social distancing measures. Space bookings and occupancy sensors which are linked to cleaning systems and processes can also provide a highly effective and visual reassurance of internal COVID-19 control measures.
“All of this considered, any new or existing office will be faced with increased demand for collaborative spaces where teams can come together safely to innovative and problem solve. This has what’s been missed for so long.”
Picture: a photograph of a central London street
Article written by Ella Tansley | Published 29 October 2020
IWG, whose brands include Regus and Basepoint, is to pilot flexible office space within a Tesco supermarket in New Malden. Excess retail space at the South London...
Read Full ArticleThe UK chairman of PricewaterhouseCoopers has confirmed that the accounting firm is not planning to downsize any of its office space, despite the “new normal”...
Read Full ArticleThe Scalpel, one of the most recognisable London skyscrapers, is to be put up for sale. Property Week revealed that insurance firm W R Berkley is looking for around...
Read Full ArticleThe Shrewsbury and Telford Hospital NHS Trust has opened the world’s first checkout-free store using Amazon’s Just Walk Out technology in a healthcare...
Read Full ArticleCommercial property developer Landesc has added 100,000 sq ft to its flexible office portfolio. The company’s flexible workplace brand Myo already has two...
Read Full ArticleA European alliance of workplace experts has uncovered what’s in store for the future of the office, creating AI mockups of what these spaces will look...
Read Full ArticleWeWork, the co-working office space company, has seen its shares drop by 24 per cent during extended trading, causing “substantial doubt” over the...
Read Full ArticleBuilding and property maintenance company Wates is to deliver three large-scale fit-out contracts on behalf of Marks and Spencer. Wates will work across three stores...
Read Full ArticleFlexible workplace provider Office Space in Town has been named in The Sunday Times Best Places to Work 2023 list in the Small Organisation category. Office Space...
Read Full ArticleGreat Portland Estates has bought two Central London office buildings for £53 million. Bramah House, 65/71 Bermondsey Street, SE1 and 141 Wardour Street,...
Read Full Article