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 Urban

17 Oct 2025

CBI arrests NHIDCL official in Rs 1 Mn bribery case and seizes Rs 20.62 Mn

The Central Bureau of Investigation (CBI) has arrested Maisnam Riten Kumar Singh, Executive Director and Regional Officer of the National Highways and Infrastructure Development Corporation Limited (NHIDCL), Guwahati, for allegedly accepting a bribe of ₹10 lakh from a private individual in connection with a highway project in Assam.According to a , the arrest followed a trap laid on October 14, after the agency received source-based information regarding the alleged demand for illegal gratification. Singh was reportedly caught red-handed while accepting the money from a representative of a..

IRFC Posts Record Profit as Diversification Boosts Growth

Indian Railway Finance Corporation (IRFC), a Navratna CPSE under the Ministry of Railways, has reported its highest-ever profit after tax (PAT) driven by strategic diversification and improved margins. For the quarter ended 30 September 2025, IRFC posted a PAT of Rs 17,769.8 million, a 10.19 per cent increase from Rs 16,126.5 million in the same quarter last year. For the half-year, PAT rose 10.45 per cent year-on-year to Rs 35,226.7 million. Total income stood at Rs 63,719.1 million for Q2 and Rs 132,901.5 million for the half-year, supported by effective liability management and steady asse..

KMEW to launch River Pearl Cruise linking Statue of Unity & Omkareshwar

Knowledge Marine & Engineering Works Limited (KMEW) has received a Letter of Acceptance (LoA) from the Madhya Pradesh Tourism Board (MPTB) to build and operate a luxury cruise between Kukshi in Madhya Pradesh and the Statue of Unity in Gujarat along the Narmada River. The 20-year project covers a 135-km stretch and marks KMEW’s official entry into India’s maritime tourism sector. The LoA was formally presented at the Madhya Pradesh Travel Mart 2025 by Hon’ble Union Minister of Culture Gajendra Singh Shekhawat, Chief Minister Dr. Mohan Yadav, and Minister of State for Tourism Dharmen..