Shell to scale back Perth HQ

Big changes are coming to Shell's Perth headquarters! The global oil and gas giant is set to reduce its occupied floor space by 40% over the next year. Instead of using 10 floors, Shell will consolidate its offices to just six floors at Shell House. This move is part of the company’s strategy to streamline operations and adapt to changing work environments. It’s also a sign of the growing trend of businesses rethinking their office space needs, especially as hybrid work becomes more common. This shift could inspire other companies to rethink their own office space strategies for greater efficiency.

To know more- https://www.businessnews.com.au/article/Shell-to-scale-back-Perth-HQ 



Comments

Post a Comment

Popular posts from this blog

What Is Brand Dilution And How To Prevent It?

Image
 Brand dilution happens when a company stretches its brand too far or makes choices that confuse customers. This can lead to the brand losing its value or identity over time. For example, if a luxury brand suddenly starts selling cheap products, loyal customers might lose trust. To prevent this, businesses need to stay true to what makes their brand special. Clear messaging, quality products, and listening to customer feedback all help keep a brand strong. It is also important to avoid overusing the brand name on unrelated products. Building a brand takes time and care, so every decision should support the brand’s purpose. Staying focused and consistent helps people remember and trust the brand for the right reasons. Read more-  https://www.business2sell.com.au/blogs/evaluation/what-is-brand-dilution-and-how-to-prevent-it
Read more

The Impact of Rising Interest Rates on Commercial Property

Image
Rising interest rates have a significant impact on the commercial property market, as they can increase borrowing costs for investors and businesses. With higher rates, financing becomes more expensive, leading to higher monthly mortgage payments, which may reduce the profitability of real estate investments. This can cause a slowdown in demand for commercial properties, as potential buyers and tenants may hesitate to commit to long-term contracts. Additionally, businesses facing higher borrowing costs might scale back their operations, reducing the demand for office, retail, and industrial spaces. On the flip side, higher interest rates can lead to lower property prices, creating opportunities for investors with access to capital. However, it’s important to carefully evaluate market trends and assess the overall economic environment to make informed decisions in a rising interest rate scenario. To know more about:  https://www.commercialproperty2sell.com.au/blog/2025/02/the-impact...
Read more