Offices

ENTERPRISE 50

C&R Interiors: building a legacy in office furniture

Tensions between colleagues can arise when boundaries are broken.

Too much time with colleagues can sour social interaction

The UK government says building owners in the country will need to meet tougher standards for energy efficiency in order to be able to lease commercial properties.

Thousands of London offices ‘risk obsolescence’ under new energy efficiency rules

Net proceeds from the divestment of the office property (above) will be used to make an early repayment of loans.

Manulife US Reit proposes US$92.5 million sale of Los Angeles property to trim debt

The 14-storey building, formerly known as The Spazio and Dapenso Building, is on a site with a balance lease of about 55 years.
SINGAPORE PROPERTY

Altallo Asset Management inks option to buy 158 Cecil Street for S$175 million

The property, 33 Holborn, which is the former headquarters of British grocer J Sainsbury, needs an upgrade in part to comply with stricter energy efficiency requirements.

London’s costly office refurbishments push Chinese owners towards exit

Prime US Reit, which counts Tower I at Emeryville (above) among its assets, raised US$25 million through a private placement in September.
HOCK LOCK SIEW

‘The worst has passed’ for US office S-Reits, but investors should not jump in just yet

London office vacancies more than doubled after the pandemic, but a shortage of new projects has created a severe supply squeeze for top-tier space.

London office squeeze lures Australian fund with A$200 billion