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...According to the FRC’s 2024-25 budget, published in December, about 5 per cent of current staff were due to relocate to a new Birmingham office by the end of the financial year in March....
...Headcount at Interpath has risen from 550 since the company separated from KPMG to about 740 today, pushing up staff costs by 25 per cent to £89mn during its latest financial year....
...The two businesses together employed more than 780 people in January at their current offices at 120 London Wall....
...Aareal, which is owned by Advent International and Centerbridge Partners, and its listed German peer Deutsche Pfandbriefbank have been particularly hard-hit by their exposure to US commercial property....
...British Land and Landsec cut portfolio valuations by 25 per cent and 15 per cent respectively in 2023, compared with 10 per cent for Aroundtown and Fabege....
...Nine workers who occupied a senior executives’ office were arrested and on Wednesday it fired 28 staff allegedly involved in the “No Tech for Apartheid” group....
...The divergence between house prices in London and the rest of the country has been recorded in Office for National Statistics data almost uninterruptedly since 2016....
...The jump in average private rents in the year to March marked the biggest annual percentage change since the Office for National Statistics began collecting data in 2015....
...Morgan Stanley said it also plans to keep office space at nearby 25 Cabot Square....
...In addition to lowering property cash flows at affected properties, it is also putting additional office space on the market, likely pressuring rents in the area....
...Staff at the ECB are allowed to work remotely for about half the working week, meaning its offices often feel empty and it needs less space....
...The figures for February marked the biggest annual percentage change since the Office for National Statistics began collecting UK rent data in 2015....
...The split failed to boost Endeavor’s share value, which fell about 25 per cent between its listing in April 2021 and last October....
...For Sine, who has cultivated a passion for producing shows on Broadway and London’s West End on the side, the Arm IPO allows him to reprise a similar role, orchestrating behind the scenes....
...The figures confirm the effect of higher borrowing costs which have affected the property market for most of last year....
...The box office hit Notting Hill put the area’s pastel-coloured Georgian houses and communal gardens on a wider radar 25 years ago, and living on such a square brings kudos, says Will Watson of agent The...
...The US attorney’s office in San Francisco in recent years charged three former Apple employees with stealing trade secrets related to self-driving car technology for Chinese companies....
...Market leader Barratt Developments targets a minimum gross margin of 23 per cent and return on capital employed of 25 per cent when it invests in new land....
...It is 25, 30 per cent of [gross domestic product] and it’s not going to disappear,” said Koenigsberger....
...Despite the market slowdown — homes sales in the first nine months of the year were 25 per cent lower than in the same period in 2022, according to Land Registry data analysed by Hamptons estate agents —...
...Wells Fargo recently cited WeWork’s troubles among its reasons for adding a $20.5mn mortgage on 599 Broadway, a midsized office building in lower Manhattan, to its watchlist of loans at risk of missed payments...
...that the group had written down the value of its US office investments by 40 per cent from a pre-Covid peak....
...I would not be sanguine on the office market in the US.” Shares of the trust, which carries a market capitalisation of $3.6bn, fell more than 8 per cent in Wednesday trading....
...Shares in Aozora, which the government saved from outright collapse 25 years ago in the aftermath of the collapse of Japan’s property bubble, have been trading about a third lower since the February 1 profit...
...The EU faces a potential office space bill of more than €450mn after its drugs regulator quit London because of Brexit, adding pressure to its already overstretched budget....
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