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Most of the top 100 US office leases of 2023 are renewals as businesses decide to stay put and upgrade space

A new report out by commercial real estate services and investment firm, CBRE, has revealed that the largest 100 office leases signed in the United States in 2023 included more renewals of leases for already occupied space than new deals. ...

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Reconomy opens new tech hub in Bucharest

The international circular economy specialist has launched RecoTek – its new technology hub in Bucharest, Romania, marking the next phase of technological and strategic growth for the business. A pioneer in Greentech, Reconomy provides platforms and processes for deposit return ...

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Pareto announces international expansion

Facilities service provider, Pareto, has formally entered the European and North American facilities management market. The move into these new areas builds on the significant UK growth achieved over the last few years and sees Pareto widen its service offering ...

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Mitie Spain moves into the security sector

Mitie Spain has made its first move into the security sector following its acquisition of Biservicus Group, a security business specialising in the installation, maintenance, surveillance and operation of fire, security, and alarm systems. Based in the Canary Islands, Biservicus ...

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Advanced Workplace Associates expands into India

The independent global workplace consultancy is opening its first hub in India as part of a global expansion and in recognition of India’s status as an economic powerhouse. Partha Sarma, a long-standing Senior Associate at Advanced Workplace Associates (AWA), and ...

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FM market projected to reach $5 trillion by 2032

According to the latest study by Global Market Insights, Inc. the facilities management market is set to grow from its current market value of more than $1Trillion to over $5 Trillion by 2032. The global FM market is expected to ...

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Global Board of Directors IFMA 2023-24

The International Facility Management Association (IFMA) has announced the member-elected executive committee and appointed members of its global board of directors for the 2023-24 fiscal year. Led by Chair Dean Stanberry, CFM, SFP, who begins his term July 1, the ...

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Elior UK raises £90,000 for Water Unite and sees impact of donations on pioneering initiatives in Kenya

Caterer Elior UK has raised £90,000 for Water Unite to help fund progressive initiatives in Kenya. Charlotte Wright, Elior UK’s Director of CSR, and Andy Grant, Elior UK’s Communications Manager, visited Kenya to witness first-hand the remarkable work being done ...

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infinitSpace launches first UAE locations

Creator and provider of white-label flexible workspaces, infinitSpace, has launched a new partnership with UAE-based investment and holding company Sultan Holding. This new venture will see the merger of two new flexible workspaces, operating under a new flex-space brand ‘Centrum’ ...

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ISS bolsters market position in Switzerland with Livit FM Services AG acquisition

ISS has acquired the facility management company Livit FM Services AG in Switzerland from its parent company Livit AG. The move is a strategic acquisition that strengthens ISS Switzerland’s market position. According to ISS, the transaction will enable the business ...

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