London’s office market will thrive if it remains flexible

In August 2008 I was advising Lehman Brothers on plans to offload some surplus office space at its Canary Wharf European headquarters – and something was very wrong.

The client, a global investment banking titan, seemed short of money.

I had suggested a £100,000-£120,000 marketing budget to help Lehman fill these offices – a drop in the ocean for a company with $639bn (£498bn) in assets, and a seemingly straightforward investment to help it generate some rent from an empty part of its building.

Little did I know that Lehman’s senior executives had bigger problems on their minds. My client within the property team had spoken to her boss on holiday in the Mediterranean and the firm order had come…

 

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Spaces expands in the land down under

Co-working brand Spaces has secured 7,000sq m of space across two buildings within Lendlease’s Melbourne Quarter precinct as the growth of flexible working continues across Australia. The

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