Posted on February 26, 2013 by Rob Powell
THE NEW Walkie Talkie skyscraper in London has already leased over half its space with a over a year still to go on construction, say developers Land Securities.
A news release yesterday announced that the new development at 20 Fenchurch Street in the City of London has already leased 53% of its available office space.
A deal has been inked with two subsidiaries of of Boston-based Liberty Mutual Insurance that will see them occupy 117,336 sq ft of space across six floors of the building.
Nick Metcalf, President and Managing Director of Liberty Syndicates commented: “We are delighted to be able to consolidate our London offices. 20 Fenchurch Street is an iconic building and still enables us to be close to Lloyd’s and our brokers and clients.”
20 Fenchurch Street is a joint development between Land Securities and Canary Wharf Group plc. Construction on the project began in October 2010.
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Posted on September 25, 2012 by Rob Powell
LANDMARK offices around London threw open their doors last weekend and welcomed in the general public.
It was Open House weekend in the capital which gives a chance for visitors to experience, and learn about, architecture that might ordinarily be hidden away.
City of London offices that took part in the scheme included the Gherkin, UNISON centre, Lloyds of London, 1 Finsbury Circus, One New Change, Tower 42 and the Broadgate Estate.
The City of London Corporation showed off its impressive model of the Square Mile which shows current developments in London’s financial centre.
In all, 800 buildings took part in the Open House programme, which also included churches, cinemas, libraries and hotels.
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Posted on September 3, 2012 by Rob Powell
THE DUKE of York has abseiled down the UK’s tallest building – the Shard in central London.
Prince Andrew completed the daring stunt in aid of the Outward Bound Trust and the Royal Marines Charitable Trust.
“It’s a long way down. But it’s a fantastic view of London,” said the prince who saw active service during the Falkands War. he added: “Yes, I feel very good. I think I’ll go and have some breakfast now.”
Floors 4 to 28 of the recently-completed sky-scraper are available as premium office space. The building will also contain restaurants, a hotel and residential apartments.
More information about the project and its aims can be found here.
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Posted on July 18, 2012 by Rob Powell
ALMOST a fifth of office space in the new “Walkie Talkie” office build in the City of London has been pre-let, says developer Land Securities.
19 per cent of the office space in the 36-storey building at 20 Fenchurch Street has already been let, with 51,000 sq ft going to insurance firm, Markel International.
The new addition to the Square Mile’s skyline is due to complete construction in 2014.
The update came in first quarter trading statement published Wednesday. The statement also confirmed that 94% of the office space at the One New Change office and retail development next to St Paul’s had been rented out.
Speaking after the report’s publication, Land Securities’ chief executive Rob Noel told journalists he believed top quality office space in the capital was “supply-constrained”, meaning incentives to lure tenants weren’t likely to exceed a typical 12 month free deal on a 5 year term.
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Posted on July 6, 2012 by Rob Powell
AS CROWDS gathered at well chosen vantage points across London, and many more watched on a live internet stream, the Shard had its official opening last night.
The new building, the tallest in western Europe, will house offices, residential apartments, a hotel. A new viewing platform will open next year with a cost of £25 per ticket.
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Posted on July 2, 2012 by Rob Powell
A LASER show will light up the London skyline on Thursday when The Shard is officially inaugurated.
The tallest building in Europe, next to London Bridge station, will be opened by the Duke of York and the Prime Minister of Qatar, Hamad bin Jassim bin Jaber Al Thani.
The opening of the 310m-tall skyscraper will be marked with a dazzling light show that will be visible for miles around.
Irvine Sellar, chairman of the building’s developer Sellar Property, has told the Telegraph that there are three parties in “serious talks” to take on office space in the new landmark.
“We are in serious discussions with three separate parties,” said Mr Stellar. “We are not in a hurry, not under pressure.”
Click here for London office space
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Posted on June 25, 2012 by Rob Powell
CONSTRUCTION work has got under way at a big new office development in Croydon.
The Renaissance aims to deliver 100,000 sq ft of Grade A office space close to East Croydon railway station.
Up to 1100 staff could work at the £35 million office building once it has been completed next August.
Work started on the site in Dingwall Road on June 11th with the Mayor of Croydon, Cllr Eddy Arram, in attendance for the breaking of the ground.
Renaissance, designed by Gary McCarthy at Andrew Lett Architects, is aiming for a BREEAM 2011 ‘Excellent’ rating.
Mark Glatman, Chief Executive of the Abstract Group which is behind the project, commented: “We are delighted to confirm our move to start construction in such a short time scale, since our purchase on 6 January and achieving planning consent on 30 March.
“Renaissance is Croydon’s first speculative commercial office development in 20 years and starting construction so quickly underlines Abstract‘s commitment and confidence in the regeneration of Croydon. We are confident that Renaissance will let at an early stage given the value for money package on offer of low rent, superb quality and the location of the building.”
Find more office space in Croydon.
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Posted on June 18, 2012 by Rob Powell
US office giant, Brookfield, looks set to buy Hammerson’s UK office portfolio, say reports.
Hammerson announced in February of this year that it was putting its office portfolio on the market and would instead focus on the retail sector.
The Hammerson portfolio includes City of London offices such as 99 Bishopsgate, 125 Old Broad Street and 1 Leadenhall Court.
Brookfield has a huge office portfolio in North America and Australia and also owns fifty percent of the 100 Bishopsgate development.
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Posted on June 12, 2012 by Rob Powell
ONE-IN-THREE British workers say they will watch Euro 2012 from their desks, according to a survey.
While a third of those asked say they will watch the football from work, four out of ten intend to go to the pub to see the action.
The figures are from Asda, who say the office-bound football fans are driving demand for cheap LCD TVs.
“The rush hour chase for a seat is likely to be in the office,” said Asda TV expert Michael Arnott. “We’ve seen brisk trade in affordable TVs this week and anecdotally we’re hearing that many of these TVs are headed for offices.”
Any business premises where television is watched or recorded need a valid TV licence.
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Posted on June 7, 2012 by Rob Powell
A DISUSED ice rink in Durham could make way for thousands of square metres of green office space.
The city’s Northern Echo newspaper reports that plans are afoot for a £27million investment at the Freeman’s Reach site which would see 8,000 sq metres of eco-friendly offices.
Plans for green offices at the site were under consideration by One North East, the regional development agency that owned the site, but with its abolition this year, the property has transferred to the Homes and Communities Agency.
A contract for the site’s redevelopment has been awarded to a consortium led by Carillion Developments, Arlington Real Estate and Richardsons Capital LLP, according to the Echo.
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