Serviced Office Space News

Orega to manage 20,000 sq ft of office space in Holborn

Orega, flexible serviced offices firm, has agreed a 10 year management lease for 20,000 sq ft of office space in Holborn.

Orega have agreed the management with Nine Court and will be paying an equivalent rent of £28.50 per sq ft, with a targeted net return of £37 per sq ft.

The new office space will be spread over a five story business centre offering cleaning, catering, telecommunications, reception and facilities management on behalf of nine Court. It is set to open in Q4 2010 with the 3rd floor remaining in use by current occupier Beresford & Co.

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Manchester office space market sees significant rise in investments

Thanks to a number of substantial deals and increasing in demand, the Manchester office market has seen a sizeable rise investment, with £316.7m invested in Q1 and Q2 of 2010, representing a £46m increase since Q1 and Q2 of 2009.

Results in the same time period have also shown a rise of over 90,000 sq ft with 337,800 sq ft as compared to 247,000 the previous year. 102,500 sq ft of this amount was prime Grade A space.

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Hammerson creates new office space with joint venture purchase of London building

Hammerson, a European real estate company, has confirmed the purchase of a property offering Grade A office space in the city of London with a deal costing £175m, plus £8m of acquisition costs.

Completing a joint venture with the Canada Pension Plan Investment Board (CPPIB), Hammerson have secured a prime building that is already occupied by a number of successful companies. Hammerson will have a 30% interest in the deal, committing £55m to the overall cost.

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ICL secure Liverpool office space with Bruntwood

ICL Agencies UK, an international shipping firm has expanded office space in Bruntwood‘s Burlington House in Waterloo, Liverpool.

ICL has been a customer of Bruntwood since 2002 previously taking 3,000 sq ft of space, before the recent expansion, which will give them almost double, with approximately 5,000 sq ft.

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OFT looks at online barriers faced by small and medium-sized businesses

The OFT is today seeking the views of businesses on the barriers faced by small and medium-sized firms online.

Small businesses increasingly rely on services such as search engines, online market places and payment service providers as essential gateways to trading over the internet. Some firms have complained to the OFT that certain practices of these large players can lead to barriers to entry or expansion.

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Audrey Hepburn adds a touch of star quality to One Heddon Street’s serviced offices in Mayfair

Audrey Hepburn and her handsome ‘movie star’ beau took to the streets in and around Regent Street and Piccadilly Circus recently in a bid to remind business people in the area about One Heddon Street’s glamorous cinematic history and its stylish Mayfair serviced offices.

One Heddon Street is a five-star business centre, operated by Harvard Managed Offices, and offers serviced and manage office space plus meeting rooms. Mayfair is home to many imposing buildings with fascinating histories and this one is no different.

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Peel Media welcomes SIS to MediaCityUK

Satellite Information Services (SIS) has announced plans to relocate its London operation to MediaCityUK at Salford Quays.

SIS will take a minimum of 25,000 sq ft in commercial offices located above the new studio facilities at the heart of MediaCityUK. SIS is building on its existing strong relationship with Peel Media, having been an occupier at The Pie Factory since 2006.   The plan will involve relocating SIS’S production and engineering facilities from its headquarters in London.

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Planning permission for major Wirral office space scheme secured by Peel

Real estate investment company, The Peel Group, has secured planning permission for a regeneration scheme in Wirral, costing £4.5bn. The firm hopes to redevelop the East Float site, forming the heart of Wirral Waters.

The East Float site will provide approximately 15 million sq ft of mixed-use space, distributed to 13,521 homes, 645,000 sq ft of retail space and 4.5 million sq ft of research development and office space. It also hopes to create over 20,000 new jobs and provide housing for 30,000 new residents.

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