Workspace expects robust H2 rental growth in London

24 Nov 2023 CW Team

Workspace Group anticipated robust rental growth in the latter part of the ongoing fiscal year, following the recording of a half-year loss due to the impact of elevated interest rates on the valuation of its properties, as announced by the London-centric provider of flexible office spaces.

Amid broader economic concerns, flexible space operators like Workspace demonstrated strong performance on the operational front. Tenants, navigating through uncertainties, increasingly favoured short-term leases and periodically reviewed their strategies.

According to the company's statement, they observed sustained demand and projected a further increase in the average rent per square foot in the second half of the year.

The London-listed entity, catering primarily to small and medium-sized enterprises and entrepreneurs, reported successfully attracting some former UK clients of WeWork. This move came after the U.S.-based company declared bankruptcy earlier in the month. Workspace, with a distinct business model and ownership of its buildings, differs from WeWork. However, Dave Benson, the company's finance chief, suggested that WeWork's restructuring could prove advantageous for Workspace.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..