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The 6 signs that you’ve outgrown your home office

There’s no place like home. Especially if you’re a small business. This is how a vast number of start-ups begin, with one of the most famous being, of course, Apple. The garage initially used by Steve Jobs at his family’s modest ranch-style home in Los Altos, California, was even granted historic site status in 2013. 

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Canary Wharf take over

Qatari Investment authority has just successfully won a bid for Canary Wharf, a renowned business district in London. The area is distinct for its congregation of banks and massive floor plates. Many were surprised that the bid of 350p per share was accepted as Songbird has previously demanded at least 400p plus per share.

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Dubai designs its own ‘fringe’

The city of Dubai, fuelled by major glass-fronted development over the past 40 years, appears to have realised that its residents may appreciate more than shopping and gyms. A new design-led area is being purpose-built in the desert, aimed at attracting start-ups and ‘creatives’. While this sounds like the antipathy of how fringe areas usually develop – usually led and grown by the occupants themselves rather than the planners – in Dubai there is little choice if such an area is to flourish.

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£2bn development plan in the pipeline for TfL

One of the largest ever portfolio developments is close to beginning with TFL looking to secure Joint Venture partners for its proposed 75 site developments around Central London. Old Street Roundabout, Kidbrooke railway and Bermondsey + South Kensington tube stations have been mooted as potential sites for the vast development plans held by TFL.

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Westminster office space lost to residential

The deputy leader of Westminster Council has voiced his concerns over the number of office-to-residential conversions taking place in the borough. Robert Davis, in a recent speech, emphasised that losing valuable office space in favour of residential developments and conversion will change the face of the area for ever, interfering with the fine balance of business, residential and cultural uses that has become established over hundreds of years. 

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Last year’s peak investment levels to continue?

The most recent report by the global real estate adviser Cushman and Wakefield shows that £20.5 billion was invested into the UK commercial property market last year. The previous high peak was £20.6 billion in 2007, before the financial crash. In the final quarter of 2014, the investment in the City of London and Docklands reached its highest ever amount, at £5 billion. The third quarter figures reveal that the West End saw its best quarterly volume at £2.4 billion of deals. 

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