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Boston Consulting Group has expanded its main office in London in a commitment to work in person, the last company to boost the space of its office and a sign of hope for the market for commercial property of the United Kingdom capital.
The American consulting firm told The Financial Times that he had added a floor to his site in Fitzrovia, where he previously occupied four and a half floors, citing a growing demand for office space driven by his emphasis on work in person and plans for the United Kingdom. growth.
The expansion includes half a floor that has recently leased, as well as half of a floor that already leased, but previously not used, and that is now full of plants and a work space in the style of the cafeteria to attract employees To the office.
BCG is the last company to expand its office space from the pandemic, when working from home led to empty buildings and sink the demand for commercial properties. Investment in London offices in 2024 decreased 58 percent in the long -term average, according to Savills figures.
The management consulting uses 32,000 people in more than 100 offices worldwide, approximately 2,000 of which are in the United Kingdom, and has maintained a constant preference for work in person. They have been told the consulting staff based in London, Amsterdam and Brussels who work from the office or from the client sites four days a week from 2023, according to people familiar with politics.
Other large companies have also expanded their presence in the London office in recent years.
Deloitte last year assume Approximately 70,000 square feet of additional space, an increase of almost a fifth, after closing two of its buildings due to the pandemic. Deloitte has so far maintained his position allowing completely flexible work in the United Kingdom.
US Bank JPMorgan Chase is In conversations with the lease Part of the former headquarters of the United Kingdom of Credit Suisse at Canary Wharf and has asked for a full -time office return of March.
HSBC is considering additional space beyond the building that has leased near St Paul’s, which is just over half the size of the tower in Canary Wharf that vacate In 2026.
Facing increasingly empty office buildings, some companies have ordered employees to return to the office. PWC, which is considering options for when its lease of embankment plates ends, told employees in September that it would monitor compliance with a new office policy of three days a week.
Jessica Frame, manager of the BCG office in London, said that the expansion “allows us to accommodate our biggest team and reflects the emphasis we continue to put at work in person in the consulting teams and not consulted.”
“London is still our largest office in Europe and we are evaluating the best way to plan a future growth in the United Kingdom,” he added.
BCG, which has not yet published its income by 2024, He told FT His growth was in the “double digits” last year and expected similar this year.
This article has been amended to reflect the updated information that half of an apartment has recently been leased, not an entire floor as stated above.