EG’s most-read and must reads: 1-5 April

Here’s a wrap-up of some of the most popular stories on EG from the past week.  Lazari Investments’ plans to redevelop Fenwick’s former store on New Bond Street as an office-led scheme were given the go-ahead – our story on the impending approval was still drawing eyeballs at the start of this week. But while Lazari was cheering its news, the Pollen Estate had fewer reason for celebration: at the same Westminster City Council meeting, its own office redevelopment scheme on Savile Row was refused on sustainability grounds.Fenwick’s office redevelopment set for nod Fenwick flies but Savile Row sputters at Westminster planning meeting That Savile Row refusal raised more questions about the poor state of the pipeline when it comes to new office developments in Westminster. One of our best-read stories this week has been our exclusive report on a new paper from the Westminster Property Association looking at the grave impact different planning policies are likely to have on the borough’s economy and workspace.Westminster risks ‘catastrophic decline’ in office spaceAgencies warn Westminster office pipeline is ‘nowhere near’ demand  More problems for WeWork. Receivers have been appointed on an office block in the City of London owned by a fund tied to the co-working company and leased to the business. Lender Deutsche Bank is understood to have appointed Interpath as receiver for 51 Eastcheap, EC3, which was owned by WeWork Capital Advisors. In better news, the company now thinks it will exit Chapter 11 bankruptcy protection by the end of May.Receivers appointed on City of London WeWork office WeWork saves $8bn in rent through lease restructuring Morgan Stanley has re-signed a lease for its office in Canary Wharf, ending a four-year analysis of its real estate needs in a vote of confidence for the Docklands estate. The investment bank will now stay in 20 Bank Street, E14, until at least 2038.Morgan Stanley sticks with Canary Wharf  And, in the wake of a government-commissioned report on workplace diversity and inclusion initiatives which found companies are adopting measures that have minimal impact, three industry experts shared their views about how to navigate such a complex area.How do you solve a problem like EDI?  Other stories you might have missed: Simmons & Simmons weighs future of London HQ Eqtec reaches settlement with Manchester developerKnight Frank names new UK head of capital marketsFormer Oxfam HQ changes hands for £37mA decade on, is there any low-cost living in London?Picton offloads Angel Gate for £29.6mTakeaway taken away from TikTok HQ plansResidents hit out at BBC bar licence application  For your listening pleasure, from EG’s Property Podcasts: Driving a better experience in the workplace Photo © Thomas Konings/Unsplash