TechHub failed after cold shoulder from ICE

摘要

TechHub fell into administration last Friday after it failed to reach an agreement on revised rent payments with one of its landlords. Property Week understands that landlord Intercontinental Exchange (ICE), parent group of the New York Stock Exchange, rejected a call for a 30% rent cut for an initial 15 months tabled by restructuring expert Begbies Traynor, which was appointed earlier this year by the flexible workspace operator, A source close to TechHub, which operated the London office at Old Street, told Property Weektbat ICE did not then respond to a revised offer to introduce a sliding scale for rent payments that would increase after the initial 15-month period for the remainder of the lease.