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...The company plans to move in 2026 when the lease on its office in One Canada Square expires....
...Deloitte’s leases on the two largest buildings at its New Street Square headquarters run until 2036. It has been based there since 2007 and currently occupies around 485,000 sq ft....
...Flow, his new property company, has already made a conditional offer of about $600mn for WeWork....
...The property at 4 Chester Square was acquired in late 2020 for £9.25mn....
...The company is acquiring 20 Grafton Street, a 17,000 square foot building comprising office and retail space, the people said, in one of the largest deals it has struck since Russia’s full-blown invasion...
...A person close to Serum Life Sciences said the Poonawalla family had “no plans” to move to the UK permanently, but that “the house will serve as a base for the company and family when they are in the UK”...
...The building at 30 Churchill Place was designed in 2008 and is categorised as second-hand, renting at £29-£35 per square foot rather than the £50-£57 for newer space....
...A budget of £6mn-£8mn could buy a turnkey, 3,500 sq ft house on a garden square....
...Seen in this light, the push to secure prime real estate is essentially a round of beggar thy neighbour for luxury companies....
...The City’s efforts to attract big companies come as the commercial property market battles the effects of remote and hybrid working....
...And then you have other big commercial interests, livestock operations, energy companies, some mining. Michela Tindera Some of these properties can span hundreds of square miles....
...Morgan Stanley said it also plans to keep office space at nearby 25 Cabot Square....
...For context, the average sales price for US offices has fallen by 33% since the 2019 peak on a per square foot basis, according to data collected from Real Capital Analytics (RCA)....
...A second Cheung Kei Group building, 20 Canada Square, is also due to be sold by receivers, and is expected to be marketed this year....
...In a letter to the Planning Inspectorate, a government agency, Madison Square Garden Entertainment (MSG), which is owned by US tycoon James Dolan, said it would not “continue to participate in a process...
...Finally some good news for people struggling to get on the property ladder....
...Other large properties are owned by land collectives, commercial livestock operations, energy companies and mining outfits....
...It came with 300,000 square feet of air rights that ultimately enabled him to build a taller tower....
...With 500,000 square metres of office space being built, and a further 500,000 in the development pipeline, space in the Square Mile may increase by up to a tenth....
...Whereas Gen Z buyers tend to look for smaller dwellings (under 1500 square feet), millennials are now starting families and want homes that are 1500 to 2000 square feet....
...The tower was handed over to BT after the company was privatised in 1984, but has never changed ownership on the open market....
...It is currently based a few blocks away from the refurbished property....
...CWG will take a sublease of 10 Cabot Square, allowing it to work on adapting the building....
...Whereas condo residents own their apartment outright, co-op residents are shareholders in a company that owns their building and have a right to live in their apartment....
...In October, UBS removed the large Credit Suisse logo from the top of One Cabot Square....
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