Archive for January, 2008

Axa closes withdrawals from it’s Property Fund

Thursday, January 31st, 2008

Insurance company Axa joined the list of casualties of the credit crunch by closing short term withdrawals from its commercial property fund, worth over £2.1 billion pounds.This means that over 100,000 smaller investors will not be able to get at their money for sixth months, a move aimed to stop ...

Avanta buy three new offices

Thursday, January 31st, 2008

Serviced Office provider Avanta have bough three new offices locations... Capital Place (Heathrow) Hanover Street (Edinburgh) Ancoats Urban Village (Manchester) They now manage over 500,000 square feet of office space spread across 15 locations in the UK. Read More...Scotland Read More...Manchester Read More...Heathrow

Boom In Leeds Office Space

Thursday, January 31st, 2008

A report by Sanderson Weatherall has indicated that the city of Leeds appears to have defied the credit crunch with an increase in the amount of Leeds office space let in Q4 of 2007 compared to the same time in 2006. Great news for the Industry in the area ...

UK Property demand falls to 2003 levels

Wednesday, January 30th, 2008

A recent survey reveals that the UK commercial real estate market is in decline, with demand falling to 2003 levels. There was a fall in demand for commercial property throughout the year but the fourth quarter showed a considerable decline. Read more

Employers not giving workers enough office space?

Wednesday, January 30th, 2008

Employers are not adhering to office Health and Safety regulations by not allowing enough space for employees to work in, writes Hrzone.co.uk Each employee should have a minimum of 11 cublic metres to work in, but this is not being implemented in all cases. Read More.

Misapprehension of the serviced office industry?

Wednesday, January 30th, 2008

Part of the raison d'etre of Choregus was to increase awareness and understanding of the serviced office industry. That includes the relevant services, such as serviced offices, business centres, virtual offices, meeting rooms etc. We also aimed to dispell some of the myths about serviced offices, that is ...

European office rental values rise

Tuesday, January 29th, 2008

Rental values in Europe increased markedly last year according to JLL. They reported an average increase of 10% across Europe, with some cities experiencing increases of up to a whopping 40%. As far as London is concerned, the West End and the City were up 21% and 10% respectively.  This is ...

Regus Express rental offices

Tuesday, January 29th, 2008

I have just come across a really amazing (yes, the serviced office space industry can sometimes be amazing) piece of news about Regus Express short-term rental offices over in the United States. Although I have known about them for a while, I have not yet seen a photo of one of ...