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March 12, 2024

Flex Office Veterans Seek £150M To Take Advantage Of Moment-In-Time Opportunity

Battersea Power Station, Native Land, Schroders And Many More At Bisnow’s Office Event 21 March

Founders of one of London’s largest flexible office companies are looking to raise new equity to build a £300M portfolio at what they say is a great time to buy old offices for transformation into profitable flex locations, Bisnow can reveal. 

Artesian Property Partnership is on the hunt for £100M to £150M of equity to build out a business that already operates locations in the City and Stratford. The equity would be coupled with debt to build a portfolio of six to eight sites.

Flex Office Veterans Seek £150M To Take Advantage Of Moment-In-Time Opportunity

Artesian partners Mark Breen and Alasdair Grievson were among the founders of flexible office business Argyll. Despite the travails of WeWork, the highest-profile name in the flexible office sector, Breen told Bisnow that now was an opportune moment to buy older offices to turn them…

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Asset owners and building managers increasingly face the same problem: They need to reduce energy consumption. However, installing technology to monitor energy usage and encourage residents to take action can be costly and complex. Proptech company Utopi’s software can generate up to 10 times the return on…

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Pay Was Flat For Real Estate Pros In 2023

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Real estate pay rose by a global average of 2.1% last year, well below the rate of inflation, as difficult market conditions were reflected in subdued pay, particularly in the UK and U.S. The average global real estate salary was $76,390, according to Macdonald & Co.'s 2023 Salary, Rewards and…

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Imagine it’s a typical Monday morning. You make a cup of coffee and sit down at your desk. But instead of turning to greet the co-worker sitting next to you, you put on a virtual reality headset or open up the app on your desktop to enter your…

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£445M Of New Debt And A Big-Name Chairman On The Way For Restructured Retail Owner

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A portfolio of shopping centres once owned by Intu and valued at more than £2B is close to being restructured after its new owners agreed to a new £445M debt facility and found a retail veteran to serve as its chairman. The SGS portfolio includes the Lakeside Shopping Centre in Thurrock and…

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