Posted on March 11, 2014 by Offices.org.uk
WINDOW cleaners had to be rescued by the fire brigade yesterday after they were left dangling outside an office block in London.
The cradle had become stuck with two male workers on it outside the third floor of an office building in Great Tower Street in the City of London.
The two were eventually helped down to safety by specialised rope safety crew from the London Fire Brigade.
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Posted on March 10, 2014 by Offices.org.uk
SERVICED office provider Targetspace has announced a ten-year lease at Lion Court in Holborn, London.
The new business centre will span three floors of the five storey building, providing 280 workstations.
Targetspace Managing Director Stephen Finnegan said: “We are extremely pleased to have signed on this fantastic building, in such a prime location – Lion Court is close to both the City and the West End and is well serviced by the London Underground, being only minutes’ walk to Holborn station which is ideal.”
Targetspace’s other London business centres are in Wembley, the West End, the City of London and Canary Wharf.
The refurbishment at Lion Court, Procter Street, should be complete by the end of March.
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Posted on February 13, 2014 by Offices.org.uk
THE SHARD in London has announced a slate of new tenants meaning it is now half full.
The new occupants for the country’s tallest building include broadcasters Al Jazeera, intellectual property lawyers Mathys & Squire and energy company South Hook Gas.
They will be joined by venture capital group Foresight and the world’s largest hospital group, HCA. In all, 170,000 sq ft of office space have been let in the skyscraper.
Irvine Sellar, Vice Chairman of REM, and Michael Baker Chief Executive Officer of REM commented, “Following its one year anniversary we are proud to say that The Shard has become not only a celebrated part of London’s skyline but also a popular business, tourist and dining destination”.
It was recently announced that News UK had signed a deal to move from Wapping to The Place, which sits next to the Shard in the London Bridge Quarter development. 600,000 sq ft of space has so far been let across the whole estate.
It’s also been confirmed that the Shangri-La hotel in the Shard will open in May 2014.
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Posted on February 12, 2014 by Offices.org.uk
AN OIL and gas exploration company has leased 18,000 sq ft of office space at 123 Victoria Street in London.
The FTSE 250 company, Ophir Energy, will move their headquarters from Mayfair to the mixed use, recently refurbished building in Victoria.
British Land say that 123 Victoria Street is now 93% let with just 17,000 sq ft still available.
Kaela Fenn-Smith, Head of Leasing at Land Securities, said:
“We are delighted to welcome Ophir Energy to 123 Victoria Street. Their decision to move from Mayfair and choose Victoria as their new home reflects the area’s ever-increasing reputation as a vibrant destination for forward-thinking companies.”
Other tenants at the building include Intuit, CDC Group and CPA Global.
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Posted on February 10, 2014 by Offices.org.uk
CAMBRIDGESHIRE County Council has put some of its own offices up for rent as part of a cost-saving initiative.
Council officers have been moved out of the county authority’s Castle Court offices in Cambridge and boards advertising its availability have gone up.
Cambridgeshire County Council say they have to save around £149 million over five years, including £38 million in the current financial years.
Cambridgeshire County Councillor Steve Count, Cabinet Member for Resources, said: “In these times of having to find millions of pounds in savings it is right we squeeze every asset we have to help protect frontline services.
We are already sharing buildings with other councils and agencies to make it easier for people to access services while making savings.
I have no desire to sell off the family silver so by leasing this building we will generate savings and still have an asset that we can sell if the time is right.”
Castle Court is being marketed by Barker Storey Matthews who say it has “potential for alternative uses, including residential and student accommodation.”
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Posted on January 30, 2014 by Offices.org.uk
OFFICES above a private members’ club in the heart of Mayfair are being turned in to a new luxury hotel.
The Arts Club in Dover Street, London, has announced that it is converting the rooms on its second, third and fourth floors in to a sixteen room hotel.
Visitors to the hotel will have the use of facilities usually only available to members, such as three restaurants, a night club and a garden.
The conversion from offices in to hotel suites is expected to be completed by the end of this year.
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Posted on January 28, 2014 by Offices.org.uk
AN INTERNATIONAL serviced office company has leased space in the soon-to-be-complete Leadenhall Building.
Servcorp will occupy level thirty in the City of London skyscraper that has been labelled as the Cheesegrater.
It’s the first single floor leasing in the 225m-tall building which has been designed by Richard Rogers and is a 50:50 joint venture between British Land and Oxford Properties.
Tim Roberts, Head of Offices at British Land said: “Servcorp is a brand that is synonymous with the world’s premier buildings, We are delighted they have selected The Leadenhall Building to expand their London operations.”
Mike Rayner, Head of Development at Oxford Properties said: “Servcorp’s decision to take space at The Leadenhall Building underlines that this is a real trophy building; not just in the context of London, but globally. It is a fitting start to the year in which Leadenhall will reach practical completion.”
The Leadenhall Building, at 122 Leadenhall Street, is due for completion this year.
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Posted on January 26, 2014 by Offices.org.uk
CAPITA is to move over one thousand employees to new offices in the City of London.
The staff from the company’s Property and Infrastucture division, formerly known as Capita Symonds, will occupy the new HQ in the Square Mile.
The company is to sublease about 100,000 sq ft of office space from JP Morgan at 10 Aldermanbury.
The recently built office block has eight upper floors and is close to historic Guildhall. About half of the employees moving to the new HQ will be moving from offices in Proctor Street and Shaftesbury Avenue.
Richard Marchant, chief executive, property & infrastructure, Capita said: “This is a hugely exciting move for us as we look to significantly grow our presence and profile in London over the next few years. Relocating the majority of our London staff in one central location presents us with a fantastic opportunity to promote even greater collaboration between teams within a modern and agile working environment.”
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Posted on January 16, 2014 by Offices.org.uk
A NEW four storey office development in Aberdeen will be known as Grainger House, taking its name from Scottish rower Kathleen Grainger.
The £5million development will be built on South Esplanade West, alongside the River Dee where Grainger trained.
The unoccupied former John Law frozen seafood factory will be demolished for the scheme to go ahead, which will create 20,800 square feet of office space able to accommodate 200 staff.
Mark Smith from the developer, Robertson, said: “2014 looks to be busy year for Aberdeen, a city which is already experiencing a mini-boom period.
“We are confident in the local market and see this site as the start of redevelopment of the South Dee quarter. We expect strong interest in this project and expect a range of companies to be interested in this opportunity.”
Kathleen Grainger, along with Anna Watkins, achived Gold in the Double Sculls event at London 2012.
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Posted on January 10, 2014 by Rob Powell
LEGAL & General’s Managed Property Fund has paid out over £50million for an Aberdeen office block.
The acquisition of Union Plaza office development from Union Plaza Limited Partnership, which is owned by the original developer – the Stewart Milne Group, in a deal valued at £54.8 million.
The office complex in Aberdeen’s Union Wynd, offers 122,012 sq ft of space, was built in 2008. Current tenants include Aberdeen Asset Management and GDF Suez Exploration & Production.
Mark Russell, senior fund manager at Legal & General Property, said: “This acquisition presents us with an increased exposure to growth from rising rental values.
“The strength of Aberdeen’s economy and its bias to the energy sector provides a strong platform for continued investment.”
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