Office To Let

[M S E Refugee]

5 minutes ago, SNACR said:

Yes, possibly in some cases they might retain a reasonable online presence but they’ll still already have more warehouse square footage than they’re ever likely to need again. A lot are in more than they need already as you always bake in a lot of store estate expansion which just hasn’t happened over the last ten years at the rate it did in the preceding decade.

https://www.cisl.co/news/news/uk-faces-warehouse-shortage-due-e-commerce-boom/

https://www2.deloitte.com/content/dam/Deloitte/uk/Documents/real-estate/deloitte-uk-shed-of-the-future.pdf

https://www.velta.co.uk/news/198/76/UK-warehouse-demand-set-to-exceed-supply-by-2020/

https://www.visionlogistics.uk/resolving-uk-warehouse-shortage/

A few articles for your delectation.

[SNACR]

9 minutes ago, M S E Refugee said:

https://www.cisl.co/news/news/uk-faces-warehouse-shortage-due-e-commerce-boom/

https://www2.deloitte.com/content/dam/Deloitte/uk/Documents/real-estate/deloitte-uk-shed-of-the-future.pdf

https://www.velta.co.uk/news/198/76/UK-warehouse-demand-set-to-exceed-supply-by-2020/

https://www.visionlogistics.uk/resolving-uk-warehouse-shortage/

A few articles for your delectation.

Those are from property VIs, from the looks of them, at the coal face there’s way, way too much space.

[Carcassion]

5 hours ago, SNACR said:

Those are from property VIs, from the looks of them, at the coal face there’s way, way too much space.

Agreed, go through any industrial estate and you'll see lots of empty warehouses to let. 

[M S E Refugee]

1 hour ago, Carcassion said:

Agreed, go through any industrial estate and you'll see lots of empty warehouses to let. 

I am mainly investing in the modern Big Box type Warehouse used by the likes of Amazon,DHL,Royal Mail, M&S,Argos etc.

 

[eek]

8 hours ago, SNACR said:

Those are from property VIs, from the looks of them, at the coal face there’s way, way too much space.

And I don't think it's that easy to move from a typical warehouse built to store and ship in bulk to switch to single order packaging. There is a reason why Amazon build afresh...

[spygirl]

Warnings of 'ghost towns' if staff do not return to the office

https://www.bbc.co.uk/news/business-53925917

City centres could become "ghost towns" if the prime minister does not do more to encourage workers to go back to the office, the head of the CBI says.

Dame Carolyn Fairbairn said allowing staff to work from home had helped keep firms afloat during the pandemic.

But as offices stood empty, thousands of local businesses that relied on the passing trade were suffering, she said.

It comes as a BBC study found 50 major UK employers had no plans to return all staff to the office full time.

 

Strange that. A lot of northern towns were already ghost towns. Dont remember her saying much then.

Or when loads of large northern employers shutdown in early 80s, laying off 10,000s.

In fact I remember the CBI saying northern steel was not competive

Maybe these London offices and sandwich bars are not competitive?

[Errol]

But all the towns where the staff live will be full and have lots of life - with more money being spent on local shops and restaurants. Why should London be protected or special?

[leonardratso]

cos its special, with special needs.

[jamtomorrow]

BP going for it. TBH, this already looks desperate - they're not just selling the HQ, they're selling the HQ with a guarantee of 2 year's rent because we're already in "sellers will have to stand out from a big crowd" territory. Wow, changes a comin.

[dgul]

On 26/08/2020 at 19:08, Errol said:

You can't use keeping coffee shops and sandwich shops alive as a reason to force everyone to commute for 2 hours a day pointlessly to sit in pointless offices in a large city (paying £4000 a year for train tickets).

Well, they're damn well trying to do exactly this.

[spygirl]

Capita will shut up to 100 offices: Devastating blow to PM’s campaign to get Britain back to workplaces as top government contractor with 45,000 staff plans massive shift to permanent home working

https://www.dailymail.co.uk/news/article-8677655/Capita-shut-100-offices-devastating-blow-PMs-campaign.html

Yeah its covid... shit like that...

 

They are looking at Labour, the source of gormless 'Can you top up the contract cash? We got it wrong. Again.' And deciding theres no chance of easy contracts.

[BoSon]

7 hours ago, dgul said:

Well, they're damn well trying to do exactly this.

When that fails Starbucks and Costa are going to buy up all the instant coffee suppliers so it'll be cheaper to have their coffee delivered to your home.

[Frank Hovis]

On 30/08/2020 at 10:06, spygirl said:

Capita will shut up to 100 offices: Devastating blow to PM’s campaign to get Britain back to workplaces as top government contractor with 45,000 staff plans massive shift to permanent home working

https://www.dailymail.co.uk/news/article-8677655/Capita-shut-100-offices-devastating-blow-PMs-campaign.html

Yeah its covid... shit like that...

 

They are looking at Labour, the source of gormless 'Can you top up the contract cash? We got it wrong. Again.' And deciding theres no chance of easy contracts.

Yes.

As somebody who worked at Capita for quite a long time the core operation, which IIRC was originally a MBO of the CIPFA back office, was steady and profitable providing outsourced IT and processing to various companies.  It was also fairly small.

All the big growth and money in the 2000s however came from the big very profitable Labour government contracts (Congestion Charging, BBC licence, MoD recruitment) and this because the top levels of Capita were very cosy with Labour and big donors to the party.  The press caught wind of it and the Chairman had to stand down. 

Whether you think those shares are a good punt now would depend upon whether you think Labour will get in next time and will be as generous with giving out contracts to their friends as they were then.

[Loki]

9 minutes ago, Frank Hovis said:

Whether you think those shares are a good punt now would depend upon whether you think Labour will get in next time and will be as generous with giving out contracts to their friends as they were then.

If the COVID hysteria carries on (Contact tracing, testing, infection status monitoring, etc) they might be a good punt

[RJT1979]

On 12/05/2020 at 01:49, macca said:

that happens all the time round my way..

but if the offices are all turning into flats, where are all the jobs? more houses, less offices? makes no sense..

they must all be rental properties for mcdonalds delivery drivers

50pc crash for London flats coming minimum. No way to stop it. Supply will be more than demand for years.

[Option5]

I took a train into London today, all the on train advertising was for the agency that runs the on train advertising. Their slogan, "Remember my name".

I'm afraid I can't remember the name of the agency.

[Option5]

10 minutes ago, RJT1979 said:

50pc crash for London flats coming minimum. No way to stop it. Supply will be more than demand for years.

Battersea power station apartment sales to make a profit?

Pigs will fly.

 

[spygirl]

2 hours ago, Option5 said:

I took a train into London today, all the on train advertising was for the agency that runs the on train advertising. Their slogan, "Remember my name".

I'm afraid I can't remember the name of the agency.

Wasnt that hairspray. Or tampons. Or something girly?

[eek]

12 hours ago, Option5 said:

Battersea power station apartment sales to make a profit?

Pigs will fly.

 

The old approach was to stop development until prices rose to make the flats profitable again.

I suspect that will never occur this time round.

[RJT1979]

That won't happen. Even the builders know there is no way back this time. All sites full steam ahead.

[Heart's Ease]

 

A couple of charts from Twitter. 

[spygirl]

On 26/08/2020 at 08:10, spygirl said:

In true BBC style the lead photo is:

http://birmingham.livingmag.co.uk/tara-tomes/

http://birmingham.livingmag.co.uk/wp-content/themes/Custom/timthumb.php?src=http://birmingham.livingmag.co.uk/assets/TT-image.jpg&w=708&h=500&zc=1

Woman (maybe) tick

Black-ish tick.

Fat -  tick tick.

Comedy business - tick She has a PR

So, how big is the titan of UK bizzyness?

Whos -

Business owner Tara Tomes: 'We're giving up our office forever'

https://suite.endole.co.uk/insight/company/08775545-east-village-limited

I bet her Dad will be pleased to get his shed back.

 

And where other companies are, who are used to having a handful of customers.

 

And  .... a multi million jounro budget gets you ... the same woman and same story

No full-time return to the office for over a million

https://www.bbc.co.uk/news/business-56972207

Tara Tomes, of the East Village PR firm, in Birmingham, explains why she's ditching the office

Because she cant fit thru the door ..