City of London Police Break Up Office Party in Financial District
Police have issued a £10,000 fine after discovering a Christmas party within an office space in the Square Mile. The party is said to have featured around 45...
Read Full ArticleUS Bank Morgan Stanley is reportedly looking for a new London headquarters, seeking at least 600,000 square feet of space.
According to a report by Bloomberg, Morgan Stanley is looking to move from its current premises in Canary Warf to another building in either the east London financial district or the city of London.
The report states that Morgan Stanley currently occupies about 800,000 square feet of space across two buildings in Canary Wharf, and that one option being considered is to move into a single large new premises.
This news provides some comfort for the city’s office market, after the government’s recent working from home U-turn and the growing fear of a mass exodus from commercial office buildings.
Back in July, the CEO of Barclays said the firm would look at a more “de-centralised approach to staff working”, and many other large businesses seemed likely to follow. Reports suggest that Google will not reopen any of their offices until at least July 2021, and BP is considering closing half of its properties in some locations.
However, Morgan Stanley’s commitment to a central London office presence may indicate a wider trend for the financial industry, for centralised hubs focussed on training and employee wellbeing.
Picture: buildings in London city.
Article written by Ella Tansley | Published 05 October 2020
Police have issued a £10,000 fine after discovering a Christmas party within an office space in the Square Mile. The party is said to have featured around 45...
Read Full ArticleEurope’s first vertical village, 22 Bishopsgate, has reached completion. Powered 100 per cent by renewable energy, 22 Bishopsgate is designed to put people first...
Read Full ArticleIt is rumoured that several large banks, including Citigroup and Credit Suisse, are asking employees who’ve been working remotely from their overseas holiday homes,...
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 new 83,000 sq ft office and retail development at 77 Coleman Street, London, EC2 is now complete. Kajima Properties, the London based property investor has...
Read Full ArticleCommunity, creativity and health are three key pillars of four iconic Manchester refurbishment projects, completed by Independent design practice, Sheila Bird...
Read Full ArticleThe Mayor of London has approved Hammerson and Ballymore’s plans to transform the Bishopsgate Goodsyard site into a mixed-use urban quarter that will help drive the...
Read Full ArticleEmma Long from BizSpace shares her top tips for reassessing your office space commitments. Emma Long is the Managing Director (North) of BizSpace, a provider of...
Read Full ArticlePropTech expert Antony Slumbers tells us that even though customers don’t need an office, it’s real estate’s job to demonstrate why they should want...
Read Full ArticleCMD Ltd, the UK manufacturer of power and tech for commercial environments, has supplied the underfloor electrical distribution and under-desk power requirements for...
Read Full Article