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Commercial property

July 2024

  • A rendition of the revamped HSBC tower

    Canary Wharf Group to carve chunks out of HSBC tower after bank leaves

    Revamp of 42-storey block when bank moves out in 2027 will include new terraces and leisure facilities

June 2024

  • Nils Pratley

    Nils Pratley on finance
    Fat fees for Royal Mail’s advisers, no detail for its shareholders

    Nils Pratley
  • Artist Lisa Huxley-Blythe in the London studio she rents from Space.

    ‘My studio costs half my income’: can British art survive soaring rents and property developers?

May 2024

  • A hoarding on the building in the shape of an Ikea Frakta carrier bag

    Opening of Ikea’s Oxford Street store put back to spring 2025

    Company says latest delay at central London site bought for estimated £378m is due to water leaking into basement

April 2024

  • A drone’s eye view of the northern section of the redeveloped King’s Cross site, 2023.

    ‘Nervous of its own boldness’: the (almost) radical rebirth of King’s Cross

    The two-decade transformation of the industrial site north of King’s Cross station in London, once notorious, now a pleasant enclave of offices, homes, shops, bars and boulevards, is essentially complete. It’s a huge success – and yet is there something missing?

March 2024

  • The facade of a  vacant New York office building

    The US could be facing a 2008-style financial crisis. Why does Sunak want to copy it?

  • A pedestrian walks past the shop

    M&S wins court challenge to Gove’s block on razing of Oxford Street store

February 2024

  • A young father with a baby sitting at a table in an airy kitchen in front of a laptop

    From beating burglary to weight gain: 12 ways that working from home has changed Britain

    A new review of post-Covid social research has revealed how much society has changed since the pandemic – and in unexpected ways

January 2024

  • Internal view, with escalator

    Councils in crisis
    Ministers plan to push cash-strapped English councils to sell assets

  • The Red House, former home of Mary Taylor friend of Charlotte Bronte, in Gomersal, West Yorkshire, which Kirklees closed in 2016 to make cutbacks.

    Councils in crisis
    From Kirklees to Croydon, some historic buildings English councils could sell

November 2023

  • Wimbledon court 12 in the 2019 Championships

    Wimbledon poised for tense match as council votes on ‘industrial tennis complex’

    Campaigners criticise loss of open space as Wandsworth prepares to decide on plan for 10-storey show court
  • British Land’s Broadgate development

    Rising interest rates wipe £200m off British Land’s property portfolio

    Underlying profits, however, up 3.4% to £142m in half year to end of September, driven by higher market rents
  • The Ikea-owned Livat shopping centre, in Hammersmith, London.

    Ikea owner buys Brighton shopping mall, its second in the UK

    Firm plans to convert empty Debenhams site in city centre as part of its ‘global expansion strategy’

October 2023

  • Steve Schwarzman, chief executive of the Blackstone group

    Remote employees ‘don’t work as hard’, says head of world’s biggest commercial landlord

    Steve Schwarzman of the Blackstone group said staff want to work from home so they can save money
  • Office workers and commuters at Canary Wharf in London

    Half of UK firms open offices outside city centres, study claims

    Workspace provider IWG says 73% have cut rental costs while 80% have changed to accommodate hybrid working
  • Richard Partington Economics correspondent

    Economics viewpoint
    As Britain’s town hall services crumble, the case for reform is overwhelming

    Richard Partington Economics correspondent
    Local government has been steadily squeezed by austerity, inflation and centralisation. Greater devolution is needed

September 2023

  • A locked-down Fuller's pub in London

    Pub closures rise sharply amid warning over planned business rate change

    Nearly 400 pubs closed their doors for good in England and Wales in first half of 2023, almost as many as the whole of 2022

August 2023

  • A WeWork logo is seen at an office in San Francisco, California

    WeWork has ‘substantial doubt’ it can stay in business

    US workspace-sharing firm once valued at $47bn made net loss of $397m between April and June

July 2023

  • Boarded-up shops and retail units in the centre of Reading, Berkshire

    Britain loses 6,000 retail outlets in five years as shops close

  • M&S's Oxford Street store in London

    Marks & Spencer refused permission to demolish and rebuild Oxford Street store

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