Landsec boosts profit amid residential and retail pivot May 16, 2025 Property investment group Land Securities – known as Landsec – has reported a five per cent boost amid a strategic repositioning of the firm’s commercial property portfolio in favour of residential and retail property. Profit before tax rose to £395m from £341m, as the group plans to invest £1bn in retail and more than £2bn [...]
London crowned most expensive city for office refits after ‘perfect storm’ of costs May 7, 2025 Demand for high-quality facilities and specialist skills has made London the most expensive city in the world to refit an office, according to new research. The average high specification project in London costs £4,671 ($5,932) per square metre, four per cent higher than runner-up New York and eight per cent higher than third-place Zurich, Turner [...]
Puma to move UK head office from London to Manchester May 1, 2025 Puma is to relocate its UK head office from London to Manchester after signing up to take space in a new £87m building. The global sportswear brand is to take 20,000 sq ft at 3 Circle Square in the city centre, which is due to open this summer. The head office will become home to [...]
WPP: FTSE 100 giant offers free-lunch Friday to get staff into office April 13, 2025 The FTSE 100 advertising agency WPP has began offering free lunches to lure employees back into the office on Fridays. From April, WPP’s team of 108,000 people is expected to be in the office at least four days a week. The new rules require employees to work in the office at least two Fridays a [...]
Exclusive: WPP ad agencies Ogilvy and Grey have not yet introduced four-day office policy April 4, 2025 Two of WPP’s flagship advertising agencies have not been able to introduce their holding company’s contested return-to-office mandate because they do not have enough desks to accommodate the influx of staff. City PM has learned that Ogilvy and Grey’s London offices have not yet implemented WPP’s demand for staff to work four days a week [...]
London needs more office space to remain Europe’s HQ April 4, 2025 Offices are integral to London’s offer as a global city, but cost pressures and green regulations are strangling the development pipeline, says Paul Williams We all want the UK to succeed, we all want communities across the UK to thrive – and growth in London is essential for the UK as a whole to prosper. [...]
Office: Shoe retailer doubles profit to over £100m March 18, 2025 Profit at the group behind shoe retailer Office more than doubled to over £100m as it continued to open new stores and created hundreds of jobs. The business, which also includes the Offspring brand, has posted a pre-tax profit of £102.4m for the 12 months to 30 June, 2024. The future comes after the group [...]
Savills: Shares continue month-long slide despite strong results March 13, 2025 Savills has reported a huge uptick in profit, although its investment management arm suffered last year on high interest rates. The FTSE 250-listed firm told the market this morning that revenue increased by seven per cent in the year ended December 31, reaching £2.4bn from £2.24bn in 2023. Underlying profit before tax rose 38 per cent [...]
Birmingham landmark on sale in cut-price deal as value slashed in half March 11, 2025 A landmark office building in Birmingham city centre has been put up for sale for half what it was bought for in 2019. The Lewis Building and its adjoining neighbour Priory Court in Bull Street were acquired by Gulf Islamic Investments for £140m. The investor, which has offices in Dubai and Abu Dhabi, bought the [...]
Atom Bank wants to inspire staff back to the office March 10, 2025 The boss of Atom Bank said he wants to inspire his staff back to the office as he announced plans to relocate its headquarters to Newcastle. Chief executive Mark Mullen has confirmed plans to move its head office from The Rivergreen Centre in Durham to The Pattern Shop in Newcastle. The Pattern Shop was where [...]
