In The Age Of Decarbonisation, Should You Still Build A New Skyscraper?

They define London’s post-millennium skyline. From the iconic 180m-tall Gherkin to the 310m-tall Shard, skyscrapers have formed part of the bedrock of the British capital’s modern urban economic model and sense of self. 

However, with a post-pandemic upheaval in office culture, a greater awareness of environmental factors and a high-profile scheme kicked out by the government late last year, is London’s love affair with the skyscraper set to change?

What cut the Tulip down to size? Eyebrows were raised in November when the high-profile Tulip scheme was quashed by the UK government. The 305m-tall tower, which would have been built next to the Gherkin in the heart of the City, had received criticism for everything from its design to its…

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It took only a handful of years after the Soviet Union collapsed for commercial real estate services giants like JLL and Cushman & Wakefield to establish offices in Moscow. Three decades later, as Russia is increasingly isolated from the global economy after its invasion of Ukraine, these titans of U.S. and UK real estate collectively employ hundreds of professionals in the country.

Now, a little over a week after Russia’s invasion of Ukraine kicked off Europe’s largest ground war since World War II, those firms are re-evaluating their presence in the country, with some quick to cut ties. 

“With immediate effect, and with their agreement, we have suspended the commercial arrangements with our independent licensee in Russia,” a spokesperson for Knight Frank said in an email to Bisnow, declining to elaborate further.

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Following COP26, financial institutions across the world signed a pledge to limit greenhouse gas emissions. They recognised the role that finance will need to play in the economic transformation required to move the globe toward net zero and help limit global warming to 1.5c. From…

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A major development in the heart of Soho that went into receivership in 2020 is yet to find a buyer, and the lenders to the scheme are likely to face a loss on their loans. Bisnow revealed last…

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The decline of car usage, with fewer and fewer young people taking a driving test in the UK each year, has been predicted for some time. But for now, the value of real estate related to car usage continues to perform strongly.  The asset management division of Australian bank >

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