In the news this morning, a 37-year-old hedge fund boss has broken the record for the highest office rent in the UK after agreeing to pay £250 a square foot for his company’s new headquarters in Mayfair, central London.
Also today, reports that a Labour government would change the law and set up a new agency to enable councils and developers to buy land in England from private owners more cheaply in an attempt to accelerate low-cost housebuilding.
And, new detail around Airbnb’s ambition to become a hotel operator after the home-sharing giant inks a deal with a property developer to convert ten floors of a Manhattan skyscraper into “high-end apartment-style suites”.
US offices giant WeWork plans stock market float
Arcadia chiefs plot route to survival as costs mount
