London property market shifting in favour of tech firms
Finance companies expected to pull back after Brexit vote
London
HIGH up in western Europe's tallest skyscraper, an office layout shows how the power balance in London's property market is shifting in favour of booming tech companies and away from finance firms which may shrink in London after the Brexit vote.
Some employees of digital marketing agency Jellyfish work from hot desks at The Shard, gathered around a long pine table suggestive of a trendy coffee shop, enjoying views of St Paul's Cathedral.
Edged by a bar with a screen displaying train times, floor-to-ceiling whiteboards, cosy sound-proofed booths and a tap dispensing barista-style coffees, the design encourages staff to work together. "We wanted to be taken seriously, not just frittering client money away with crazy guys on roller skates, so this is a serious space," sai…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
US 30-year mortgage rate rises to five-month high of 7.24%
Money laundering accused Su Baolin’s Sentosa property goes unsold at auction
US Judge approves US$418 million settlement that will change real estate commissions
In San Francisco, a home renovation can become a battle royale
Country Garden extends bonds to avoid first local default
Daughter of Chinese steel-and-nickel tycoon picks up S$84 million Bin Tong Park bungalow