You are here: Home | Useful info | Office Design News
IBM announces Heathrow office relocation
Office design news from Morgan Lovell
Published on 18-05-2010
Global software developer IBM has announced plans to downsize its UK office by moving into new premises near Heathrow.
The company currently occupies 110,000 sq ft of office space at Bedfont Lakes Office Park in Middlesex. However, its lease is due to expire in the first quarter of 2012.
As a result, the company is looking to carry out an office relocation in the months ahead, but feels it requires less in terms of sq ft in the future and has earmarked eight sites between 60-80,000 sq ft in and around Heathrow and Reading.
"We have been in discussions with IBM and we are aware that they have been in the market to understand what is currently available," a spokeswoman for the Scottish Widows Investment Partnership group said.
IBM reported annual revenues of $95.8 billion (£66.3 billion) in 2009 and net income of $13.4 billion. It presently controls assets valued in the region of $109 billion and employs 400,000 people worldwide.
Posted by Adrian Norman.
Related office design news articles
- 09-02-2012 Needless prints 'waste thousands'
- 08-02-2012 O2 to test flexible working scheme
- 07-02-2012 Leaving lights on costs companies
- 06-02-2012 Tech firm office take-up celebrated
- 03-02-2012 Office design online tool launched
Morgan Lovell - Office interior design, fit out and refurbishment
- Office interior design
- Award-winning office designs that'll wow your clients and work well for you.
- Office fit out
- Transform an empty space into an exceptional office.
- Office refurbishment
- Make more of the space you've already got (without disrupting your business).
- Sustainable workplaces
- From sustainability assessments to sustainable office design, fit out and refurbishment.
