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...Staff at Credit Suisse were told in September that they would begin moving out of Canary Wharf to UBS’s offices in the City....
...Initially, staff at Scale Facilitation were wowed by its office — an entire floor of One World Trade Center — leading workers to ask whether the space was too much for a business that had just 150 worldwide...
...The sale of the tower is part of BT’s efforts to simplify its property portfolio. It is in the process of reducing the number of offices in its estate from more than 300 to about 30....
...Depending on how things play out, Silverstein, the developer of the rebuilt World Trade Center, could take control of the unfinished building....
...On September 11 2001, after the World Trade Center towers had collapsed, a radio interviewer asked the developer how his own nearby building was faring....
...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....
...Staff of failed bank Credit Suisse will move into UBS’s office in the City this year. Barclays late last year agreed a 5-year lease extension on its headquarters, taking its tenure to 2039....
...Like Canary Wharf, however, La Défense faces a post-Covid reckoning as businesses reassess their office needs as more staff work from home, and some are drawn to more central locations in Paris, where supply...
...Paul Weiss currently requires staff to spend three days a week in the office, on average....
...The World Trade Center site is a mess....
...“You would need to build 26mn square feet — the equivalent of 21 Canary Wharf towers — plus 80,000 homes — to come up with that sort of money.”...
...In the late afternoon, workers trickle out of the Minoru Yamasaki-designed office tower that was a model for New York’s original World Trade Center, providing a smattering of custom for nearby bars....
...Exclusive: EY has started monitoring UK employees’ office attendance, with anonymised “turnstile access” data being circulated at senior levels of the firm as some of its staff flout its hybrid working guidelines...
...In one of the biggest moves, Silverstein Properties, the developer of the World Trade Center, parted ways in October with its longtime chief executive, Marty Burger....
...When it comes to staff working from home, some employers have had enough. Bank of America, IBM and UPS are the latest companies to force staff back to the office....
...The bank has agreed a five-year lease extension on its 32-storey tower at One Churchill Place, its base since 2005....
...Employees talked about “death by meeting,” “the tower of no”, “blowhard bosses” and “leadership by gobbledegook”....
...The best new tower on the site is not One World Trade Center, the tallest tower and the one that tried hardest to be interesting, but Fumihiko Maki’s reflective and unassuming 4 World Trade Center....
...Blau was one of Ross’ top lieutenants on the Time Warner Center — now the Deutsche Bank Center — at Columbus Circle....
...Mobile towers, telecoms networks and data centres have also become targets for superfunds....
...Chow said domestic investors in commercial real estate were focusing on logistics, life sciences and multifamily buildings, rather than office towers....
...Spotify, for instance, offered staff “a co-working space membership if they want to work from an office”....
...“We could imagine the space where furniture would be placed,” Kuma says of the oak pieces, “and focused on the shadow created by the light through the windows.”...
...against the dumb glass towers around it....
...The future of flagship offices has been called into question as many companies have shifted staff to hybrid working and some try to cut their real estate footprint....
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