What was The Buzz in April?
Our monthly roundup of real estate industry news.
Here are a few of the stories that caught our attention in April. From EPC regulations, changing flexible working policies, to acquisitions and new CEOs, it’s been another busy month.
EPC regulations
On 1 April 2023, new Energy Performance Certificate (EPC) regulations came into effect. The changes mean it is now unlawful for landlords in England and Wales to rent out, or continue to let, commercial properties that do not have an EPC with an E rating or above, without a legitimate reason. This change impacts 57 million square meters of commercial property in England & Wales.
Lyft ditches fully flexible work policy
Another big tech company is pushing for its workers to return to their commute, with new Lyft CEO, David Risher, mandating three days in the week minimum. Risher said to the New York Times: “things just move faster when you’re face to face. There’s a real feeling of satisfaction that comes from working together at a whiteboard on a problem.”
Lyft CEO ends fully flexible work
Deverellsmith Group acquires flexible working platform
Powerhouse property recruitment company Deverellsmith has acquired the flexible working platform Daisy Chain for an undisclosed sum. Daisy Chain is an online platform where job seekers can match and connect with flexible employees. Louise Deverell-Smith, founder of Daisy Chain, said: “I am thrilled to be handing over the leadership of Daisy Chain to the Deverellsmith group so that it can reach its fullest potential.”
Deverellsmith Group acquires Daisy Chain
Great Portland Estates acquires two central London offices
Bramah House, 65/71 Bermondsey Street, SE1 and 141 Wardour Street, W1 will be added to Great Portland Estates growing portfolio. Bramah House will be fully managed space and 141 Wardour Street will provide office space with restaurant.
GPE acquires two central London offices
A new CEO at Cushman & Wakefield
John Forrester is set to retire from his position as CEO at the end of June, marking the second change to the top spot in 18 months. The current President and Chief Operating Officer, Michelle MacKay, will be stepping into the chief executive role on 1 July. Forrester will continue as strategic adviser until the end of the year, ending a 35-year career with Cushman & Wakefield.
New CEO at Cushman & Wakefield
GCUC North America
Convene Willis Tower, Chicago hosted this year’s three–day event for the GCUC NA. It was a great few days, with insightful discussions and predictions for the future of flex as we settle into life post-pandemic. You can read about here.
