SUBSCRIBE FOR FREE MANAGE EMAIL PREFERENCES
Bisnow - (Almost) Never Boring
August 27, 2019

Convene Sets Sights On 500K London Portfolio By Bringing Hospitality To The Workplace
Argent and Landsec talk connectivity and why it matters at Bisnow's Office, Leasing & Development Conference 26 September

It is safe to say that Convene’s expansion into London was not a knee-jerk reaction to the boom in the flexible workspace sector in the UK capital.
 
The New York-based company announced its first UK location earlier this month: It is taking 102K SF at AXA Investment Managers — Real Assets’ 1.4M SF 22 Bishopgate skyscraper in the City.

Talks between the two sides had been going on for almost two years about what kind of space Convene could provide and the best way to structure the deal.
 
The company has ambitions to build up a portfolio of at least 500K SF in London, its first market outside of the U.S., and in November hired Elliott Sparsis from Blackstone and James Frankis from Gensler to run the UK operation.

Convene Sets Sights On 500K SF London Portfolio By Bringing Hospitality To The Workplace

They told Bisnow the company is a hospitality business, not a coworking operator. They believe the hospitality angle is often overlooked in the UK, and Convene plans to leverage that to carve itself a unique niche in the London real estate market.  The deal with AXA at…

Read the full story here.

  Share:  
 
Perforation

Top Stories on Bisnow.com
Analysts Say £2.7B Greene King Deal Is About Discounted Property And Protests, Not Pubs Analysts Say £2.7B Greene King Deal Is About Discounted Property And Protests, Not Pubs
Investor Raises £200M For UK Opportunities Thrown Up By Brexit Investor Raises £200M For UK Opportunities Thrown Up By Brexit
London Could Be A Property Hot Spot For The Booming Life Sciences Industry London Could Be A Property Hot Spot For The Booming Life Sciences Industry
Netflix Is Becoming A Property Player In The London Suburbs Netflix Is Becoming A Property Player In The London Suburbs
Perforation

Brockton Wastes No Time In Ramping New Business Up To £500M
Brockton Wastes No Time In Ramping New Business Up To £500M  

When UK fund manager Brockton Capital set up a new business with Israeli investor Alony Hetz last autumn, the pair said they planned to invest £300M of equity in London in 2019 and 2020. That target looks like it is going to be blown out…

Read Full Story
  Share:  
Perforation

Brookfield Is The Latest Investor To Raise Big Money For Green Projects
Brookfield Is The Latest Investor To Raise Big Money For Green Projects  

In a market first, Brookfield Property Partners has raised $250M (£203M) to develop and refurbish green property projects, as capital markets reward investors with a strong sustainability focus.Brookfield sold $250M of redeemable perpetual preferred shares on the Nasdaq stock exchange,…

Read Full Story
  Share:  
Perforation

In Case You Missed It...
You’ve Got Advance Warning Of The Imminent Recession. Now What Are You Going To Do With It? You’ve Got Advance Warning Of The Imminent Recession. Now What Are You Going To Do With It?
Are Open-Ended Property Funds Match-Fit For Brexit? Are Open-Ended Property Funds Match-Fit For Brexit?
London’s Office Occupiers Are Increasingly Footloose London’s Office Occupiers Are Increasingly Footloose
Green Bonds Help Fix Shopping Centres And The Planet At The Same Time Green Bonds Help Fix Shopping Centres And The Planet At The Same Time
 
Perforation

Insurer Is Front-Runner As Intu Nears Deal To Sell €425M Spanish Assets
Insurer Is Front-Runner As Intu Nears Deal To Sell €425M Spanish Assets  

Embattled shopping centre owner Intu is nearing a deal to sell stakes in two Spanish shopping centres so it can cut its debt pile. A fund managed by Generali is the preferred bidder to buy a 50% stake in the Puerto Venencia centre in Zaragoza…

Read Full Story
  Share:  
Perforation
Tell Us
That's a bit of an anticlimax then England. mike.phillips@bisnow.com
 
 
About
    
Contact
    
Sponsor
 
You are receiving this email because you are either a member of the Bisnow community, have attended a Bisnow event, because you have a legitimate interest in real estate news and events because of your profession, or because of your business associations, memberships or partnerships.
 
This email was sent to: newsletter.archives@bisnow.com
 
Unsubscribe from this
    
Unsubscribe from All
 
123 William St, Suite 1505, New York NY 10038
Newsletter Approval Code: 31685