Posted on October 27, 2010 by Nell Frizzell
“In this climate you need to stand out from the crowd,” snarls Britain’s favourite entrepreneur, Michael Caine sound-a-like and greying Travolta chin twin. As the thumping cellos and booming violins screech to a halt, episode four of the business buffoonery we call The Apprentice gets under way.
This time it’s Stuart who answers the early morning phone call, sheltering under a vase of flowers so enormous that it even manages to partly obscure Baggsitandbinit’s enormous rubbery face. Apparently they’ve got a hot date at the Science Museum, so it’s back in to that ubiquitous fleet of black cabs (I’m starting to suspect that S’rAlan’s sons may be called Addison and Lee).
“Science museum, so it’s probably going to be something to do with science… or museums,” muses the frighteningly astute Hollyoaks Jamie. This is a man who knows how not to shit out of his elbow, and no mistake.
“All these great inventions started off as someone’s crazy idea,” Alan tells the team. A crazy idea like a hulking great DOS computer that eats cassette tapes and craps out glowing green letters, eh Sugar? Boy were you backing the right crazy horse on that occasion.
Inspired by their sci-fi surroundings the teams are told to sell the product of the future to major retailers. Or ‘traders’ as SugarDaddy insists on calling them. Great scot! The Apprentice is finally knocked up with Dragons Den’s illegitimate lovechild and we’re all here to witness the birth. Rubber gloves at the ready; this one’s going to be messy.
According to Alanstrad, this week’s task is all a case of matching the right product to the right retailer. So, no Tampax at the Toyota garage or mirror balls at the morgue.
Surprisingly, Su Pollard stand-in Mel wants to prove herself as Synergy team leader, yet again. And so does Hollyoaks Jamie, yet again. Déjà vu? Bah oui! This time, however, the estate agent beats the hairdresser hands down. Is that a shit-storm I see brewing on the horizon?
Plum-voiced, slack jawed, vertically-haired Chris heads up Apollo. So, it’s time to pick a product or two. First off, we have the no-knife face lift, which turns out to be an infrared American football helmet designed by NASA and drawn up by Darth Vadar. Or how about an irritating alarm that goes off every time you slouch (in my childhood I called this device ‘a grandmother)? Or a £50 t-shirt that chokes your chesticles? A garden fork that moves earth like shit off a shovel? An energy-saving shower head? How about a global hypercolour babygrow? Apparently it prevents cot death.
“Would you like some free money? Urrh, yes please!” interjects Stuart with possibly the least ironic David Brent impression ever to grace the face of the earth. “At 30 degrees, am I right in thinking a baby would be dead?” he adds, just for good measure. Nice work potato face – you are now officially a twat and twonk. Everybody’s favourite mother substitute Stella tells him off, warning, “That might just lose us the Baby Glow.” Well guess what? She’s right! Apollo bag the chameleon child while Synergy are left holding the shower head.
In a quite staggering example of the stupid leading the inane, Synergy then pitch said showerhead to a shop that doesn’t sell showers and a spade to a shop that doesn’t sell garden ware. Nice work guys! Go team!
Over in the Apollo corner Chris is talking muffin tops and despite Liz’s arresting sales technique, Baby Glow is continually let down by its packaging. The scream team of Paloma, Laura and Sandeesh are getting so few offers that each one is fought over like the last cup of tea in the Sahara. The decision to give each contestant their own order book is a stroke of TV genius. It’s like clash of the morons out there.
To test the ‘sex sells’ theory to its absolute limit, the scream team hawk their pec-puckering t-shirt around Soho, resulting in a cat fight in the gutter and a demand for DV8 exclusivity. Meanwhile, Syngery’s Jamie proves that he’s also willing to talk dirty, promising that “this product will give you a new shower sensation.” He’s not selling shower accessories; he’s giving head.
Back in the boardroom there’s a nervous wait for S’rAlan to come back through those magic doors. Surely I’m not the only one to expect dry ice and Matthew Kelly to be holding a microphone every time he does this? It’s pure Stars in Your Amstrad.
Synergy (Jamie, Melissa, Stella, Joanna, Military Christopher and Stuart) put in a strong performance racking up £76,000 of sales, which would ordinarily be a winning score. However, Apollo’s Liz alone manages to sell £99,000 worth of Baby Glows. In the words of Sir Alan, “It’s a bladdy record!” and springboards the rest of the team (Chris, Liz, Paloma, Laura, Sandeesh, Maverick Alex) on to the winning spot.
So, who will take the fall for the shower-spouting Synergy? Jamie calls in Melissa Cohen and Stuart Baggs. Mel and Stu? Unless Jamie drops his trousers and shits on the conference table, The Apprentice is about to lose a comedy gold contender.
Melissa is told that “You are very annoying,” by SuperNanny Karen, while Alanstrad tells Stuart that “A lot of what comes out of your mouth is hot air. So in the name of glaciers, watch your mouth.” Good one Alan.
In the end, the SugarDaddy decides to finger Melissa. The nation recoils in horror. “Save your skin and get out of my face,” Mel growls from her outer-boardroom lair, once the humiliation is complete. “Karmically they will be retributed.” I think Sir Alan just crossed the peroxide Pollard mafia. You’d better start running Alan, you’d better run fast.
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Posted on October 27, 2010 by John Cronin
The Belfast Harbour organisation has formally announced plans for a large scale development and regeneration project for the Clarendon Dock area of the city.
City Quays (pictured) is a proposal for a large-scale, £250m mixed-use development within the maritime district of Belfast and incorporates a 20 acre site. It is a commercial led scheme with over 60% of the total 2.4m square footage being allocated for speculative office floor space.
A proposed pedestrian and cycle bridge will link City Quays along with the existing Titanic Quarter and Northern Ireland Science Park (NISP) to the centre of Belfast.
NISP is also active in the Belfast office market as it owns four buildings, offering floor plates from 23,000 sq ft to 56,000 sq ft. Flexible lease arrangements are offered to prospective tenants on lets starting at 400 sq ft. Floor plate arrangements for City Quays offices have not yet been published.
Len O’Hagan, Belfast Harbour chairman, says: “City Quays is an occupier led project to provide high quality waterfront landscape for business, leisure, tourism and the arts. The aim is to help regenerate and reinvigorate the heart of historic Belfast, providing an attractive setting for potential overseas investors.”
A ‘master plan’ for the development has been created by the practice fronted by architect Sir Nicholas Grimshaw, who was heavily involved in the design of the multi-award winning Eden Project in Cornwall. Belfast Harbour claim their proposed scheme will be a “leading edge” sustainable development.
A public consultation exercise is on-going and full planning permission is yet to be granted. Furthermore, the developers have indicated that construction will only commence on the speculative development once initial tenancy agreements have been secured.
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Tagged City Quays, Speculative Developments |
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Posted on October 27, 2010 by John Cronin
Plans have been approved to replace an old office block in Teddington with a Travelodge and a new smaller office building.
The existing six-storey office called Park House in Station Road, Teddington is to be converted into a Travelodge after local councillors granted planning permission. The adjacent building that was at one time used as a production studio but it currently empty is to be demolished and replaced with a new four-storey building that will have a ground floor restaurant with three floors of offices above.
Park House (pictured) is a 1960’s office block constructed from reinforced concrete, offering 40,000 sq ft of floor space over five of the floors and is currently home to 140 office workers. Tenants of the offices have included Barclays Bank who previously leased the building for use as a training centre. Acxiom, a data management company currently let floor space in the building. The building was bought by Longford Securities in 2003 as part of a £20m transaction involving another multi-let building in Kingston.
The office block is considered by many locals as being an ugly building. Douglas Barrell, a member of the local action group The Teddington Society told the Richmond and Twickenham Times that his group were in favour of the redevelopment plans. He said: “The building itself is very prominent and it’s not a very nice building – it’s all very run down. It will get a face-lift – it will improve it”.
The new four storey, mixed-use building will offer approximately 8,600 sq feet of office floor space over the top three floors of the building. The building will incorporate the latest energy saving design techniques and is to incorporate green roof technology that uses a Sedum vegetation blanket. A BREEAM rating of ‘Very Good’ is expected.
Architects for the project are JWA Architects. Demolition and construction work is expecting to start in early 2011 with an expected completion date of spring, 2012.
Posted in London |
Tagged Renovations, Speculative Developments |
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Posted on October 26, 2010 by John Cronin
A former airfield in North Somerset is set to become the site for a new serviced offices scheme.
North Somerset Council has approved plans for a new office scheme to be built on the old Weston Airfield site that is now branded as the Weston Gateway business park. The proposed three storey building will offer 20,000 sq ft of floor space, with a first phase offering approximately 12,000 sq ft by spring 2012.
Within the whole mixed-use redevelopment area, a total of five office blocks have been proposed. Weston Gateway will offer Grade A office floor plates from 3,000 sq ft to 390,000 sq ft. Offices will be available either to purchase outright or as leased space. The business park affords easy access to the motorway network and is adjacent to the M5 at J21.
The particular scheme, to be called The Hive, is backed by the North Somerset Enterprise Agency (NSEA) and aims to provide flexible office space on short-term leases. With a target of between 40-60 tenants the NSEA aims to lease floor space to start-up and growing businesses and create an enterprise hub backed with on-site support services. The Hive will offer on-site business training, shared office services and access to shared office equipment. The NSEA itself intends to take floor space within the building.
The offices will be built to comply with best-practice, energy efficient design. Natural lighting and ventilation will be relied upon and the building will not have air conditioning. Energy resources amounting to approximately 15% of the total consumption will be supplied from on-site sources. It is expected that the offices will achieve an ‘A’ rating Energy Performance Certificate on completion. A BREEAM pre-assessment indicated that the building is expected to achieve a ‘Very Good’ rating. Architects behind the scheme are Barton Willmore.
Commercial property agents Hartnell Taylor Cook started a marketing campaign for the scheme prior to planning permission being granted. They reported to the council that they have eleven potential office occupiers requiring between 2,000 to 30,000 sq ft of floor space with timescales for occupancy ranging from six to eighteen months.
Posted in Somerset |
Tagged Serviced Offices, Speculative Developments, Weston Gateway |
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Posted on October 25, 2010 by John Cronin
This morning British Land PLC has announced that it has agreed a deal Oxford Properties, the real estate arm of the OMERS Worldwide Group of Companies, to develop the Leadenhall Building in the City of London, on a 50:50 joint venture basis.
The distinctive, tapered design of the 225m high office tower has earned itself the nick-name of “The Cheese Grater”. Detailed planning consent is in place and demolition and preliminary basement works have already been completed. The total development cost is expected to be around £340 million. Now that a deal has been struck, the bidding process to select a contractor will commence in January 2011 with the aim of completing the shell and core of the tower by summer 2014. The 47-storey Leadenhall Street tower project, designed by Rogers Stirk Harbour and Partners was due to go-ahead three years ago with Bovis Lend Lease as builder but construction stalled when the recession took hold. The previous building on the site was only 14 storeys high.
The tower is set to become one of the tallest and most iconic buildings in the City of London (future London skyline pictured). The new building will offer 610,000 sq ft of premium Grade A office space in the heart of the Square Mile and will also include public space, retail and leisure facilities. The four storey landscaped public space at the base of the building, covering nearly half an acre, will be on a scale unprecedented in London.
The scheme offers adaptable floor plates, which range from 21,000 sq ft at the base of the building to 6,000 sq ft at the top of the tower. The main drawback of the design of the building is the relatively small floorspace for a building of its height. However, it is hoped that the slanting wedge-shaped design will have less impact on the protected sight line of St Paul’s Cathedral when viewed from Fleet Street. British Land indicates the project is already generating interest from a broad range of occupiers from across the insurance, financial, professional and corporate business sectors.
Chris Grigg, Chief Executive of British Land, said in a press release issued this morning: “We are delighted to be announcing the development of the Leadenhall Building. With its unique and iconic architecture, it is a building which will provide an unbeatable combination of style, presence, location and office floor space in the heart of the City of London. Our partnership with Oxford Properties, brings together two world-class property companies with proven development and asset management expertise.”
This latest deal reaffirms the renewed interest in major new developments inside the Square Mile. Only last week Land Securities announced that construction on the “Walkie Talkie” tower is set to start immediately. Speculative development has also started on the Pinnacle Tower, also known as the “Helter Skelter”. Peter Rees, head of planning at the City of London Corporation suggests that the London office sector is bouncing back after the recession with help from overseas finance. He said: “This is investors bringing money into London from outside the UK, money that would have been spent in New York or the Middle East.”
British Land was the first large developer to announce that it had stopped work on its tower in 2008. Other projects soon followed with developers citing both a lack of available finance and a sharp fall in demand for new office floor space as the reasons for halting construction. Industry pundits suggest that fewer new buildings will be delivered in the next few years and with several lease breaks due among the City’s larger occupiers there could be an increased demand for new office space.
Posted in London |
Tagged Speculative Developments |
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Posted on October 22, 2010 by John Cronin
The derelict site of the former Fountain Brewery in Edinburgh will see a large, mixed-use scheme of offices, hotels and residential properties under ambitious plans lodged yesterday.
The Lloyds Banking Group has submitted proposals for the transformation of the giant Fountainbridge site (pictured), which will see the tall main building featuring the iconic McEwan’s logo being demolished. Agents for the proposed scheme are CB Richard Ellis (Edinburgh). The full planning application can be viewed here. A decision from the planning committee is expected in February, 2011. Architects for the scheme are Edinburgh based Allan Murray.
The site, sold by brewing giant Scottish & Newcastle to HBOS in 2008, was initially going to be a major office hub for the company, bringing together all of its offices apart from its headquarters onto one site. It now intends to get planning consent for the new mixed use scheme, then sell off individual parts of the site to developers. The scheme would create approximately 15,000 square metres of new office space.
In accordance with the Edinburgh City Council ‘Protection of Key Views’ policy, tall towers are considered as being detrimental and are therefore not proposed for the site. The maximum height for a new office scheme would be no higher than 90m. As a speculative commercial development, available office floor space within the scheme would compete with the nearby commercial hubs at Haymarket, The Exchange and Springside. Tiger Developments have also recently submitted controversial plans for a speculative office scheme in the Haymarket district. The £850m St James Quarter development is to offer approximately 160,000 sq ft of modern office space.
Local property experts suggest that a mixed-use scheme rather than just an offices scheme on the old brewery site will take much longer to become a reality however. Alasdair Humpherey, managing director of property firm Jones Lang LaSalle in Scotland, told The Scotsman:
“Development on that site is unlikely in the short term because of the lack of development finance and other such problems, but getting planning in principle then detailed consent can take several years and things may have picked up by then. While the current market remains difficult, it is likely that there will be stronger interest from potential developers in the coming years, when the market picks up and the amount of available office space reduces”.
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Tagged Planning, Speculative Developments |
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Posted on October 21, 2010 by John Cronin
A large and derelict office block in Southend-on-Sea in Essex is currently being used as film set in a forthcoming film.
The half-demolished office block on the seafront at Southend-on-Sea is currently being used as a mock-up for an Iraqi market scene in the forthcoming film entitled “Screwed” that is due for release in 2012. Filming continues this week.
The derelict office block is called Esplanade House (pictured, image source) and is located on the seafront on Eastern Esplanade, Southend. The former offices to the old gas works have been empty for over five years and the building is beginning to be known locally as the “Esplanade Eyesore”. Despite access to the floors being restricted due to the lack of stairs, vandals have risked injury by climbing the building to draw graffiti on the walls.
The offices have not been completely demolished because developers would then lose the right to construct a potential new office scheme on the site. Now owned by the Robert Leonard Group the site is believed to be partially contaminated due to the previous town gas works.
The construction company originally wanted to demolish the existing office block, decontaminate the site and build a mixed-use scheme of residential apartments, a hotel, student accommodation and retail outlets.
Having finally won three year, hybrid approval for the latest proposed plans in August 2010, the company has since decided to market the 3.5-acre site. Chelmsford-based Bidwells Property are selling the site by informal tender and the asking price is by application only.
Independent councillor for Thorpe ward, Ron Woodley, who opposed plans for the site, told the Southend Standard: “The council should be looking at developers to make sure they have the finances in place to fulfil the commitments they’re putting forward in planning applications. Every time we fail to do this. Esplanade House is in ruins but residents have been looking onto this site for so long. What a testament to Southend Council’s planning policies. The whole thing is wrong.”
Mark Flewitt, the Tory councillor for planning, was positive about the sale and hoped any new owners would develop the site in line with the planning permission. He said: “Rather than have it lying there empty, of no use to the local economy, we need to get these buildings in use”.
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Tagged Planning |
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Posted on October 21, 2010 by Nell Frizzell
It’s 6.30 am and the contestants have been summoned to Piccadilly’s Fortnum and Mason. Tea? Marmalade? Biscuit-building with the royal son and heir? “Speaking hampers. That’s probably the thing to do,” honks Stuart. Oh Stuart ‘the brand’ Baggs, sometimes you just make it too easy.
Once in Piccadilly the ambitious Apprentices-to-be assemble among the nipple-like cup cakes and prostate-shaped doughnuts to get their marching orders. The crew are smart and soberly turned out, apart from Mel who has yet again come dressed as a thigh-slapping pantomime page boy with hair like a peroxide Mr Whippy.
“This is turning flour in to serious dough,” quips his royal Pugface. Where does this guy get his material? So, it’s another food challenge, but this time they’ll have to make and sell as many baked good as possible. They knead profits. They’ll have to rise to the occasion. Gluttony just got gluten-y.
In a laughable attempt to stop the ‘arguing and cackling’, the teams are ‘mixed up’. Well, mixed up in the sense that Synergy becomes full of all the loud-mouth, cliché-spouting numbchucks (Peroxide Mel, Cleaner Joanna, Maverick Alex, Hollyoaks Jamie), while Apollo is entirely made up of people you hadn’t really noticed were really in the show (Paloma? Chris? Sandeesh?)
Apollo is to be led by surgeon Shibby. The self-proclaimed “business virgin” suddenly loses his cool over the prospect of popping his business cherry, declaring; “I’ll smack your bums if I have to.” Ahem.
Synergy’s expert team leader Mel – a food distribution manager in her previous incarnation – fails to come up with a single bestselling bakery suggestion, choosing to instead chew her pen and stare wildly in to the faces around her. Luckily a colleague comes to her rescue with the unlikely mayday call of, “It sounds like you’re vying for bagels.” Whatever that means.
By 10am half of each team heads off to the infamous London Bread and Cake Factory to go wild in the floured aisles. To wake up to bake up. To get ahead with bread. The others head to the pitches set up by their very own knight of the realm.
Hollyoaks Jamie wants to “go through a quick role play,” in the back of a taxi, which turns out to be far less exciting than it sounds. This isn’t the stuff of wicked princes and naughty parlour maids, or even police officers and Shibby’s smacked bottoms. No. Hollyoaks wants to talk croissants; specifically how much 300 will cost. Unfortunately, this is the kind of dazzling maths that has Melissa totally confounded.
At the Park Plaza hotel, Synergy are met by the worst Village People tribute band we’ve ever seen. You’ve got the businessman, the chef and… well, another business man. No matter; Maverick Alex is on hand to talk artisan breads.
So, what can they do with an order for 1,000 bread rolls? “We can do many things,” replies Melissa enigmatically. ‘Many things’ turns out to be sitting at the table frantically punching at the calculator like late-period Keith Moon, while the rest of the team shift uncomfortably in their ready-to-wear suits. After fifteen minutes of fevered sums the team are called back in to quote a best price bread roll at £1.82 per unit. £1.82? Are these rolls cast in gold?
Just to put it into perspective, team Apollo quote 6p per unit. As opposed to £1.82. That’s a saving of, oooh, about a millon per cent. Apollo win the pitch, so now they just have to break it to their makers in the factory, with ‘break’ being the operative word. It’s an order so excessive, with such little notice that it would provoke any normal factory into taking up Marxism. Sadly, so far, only Sandeesh has raised the red flag and is going on a one-woman go slow.
Meanwhile, Team Synergy’s factory-workers are getting a little restless. Poor Stuart has resorted to wearing as many hats as possible to stave off the boredom. Seriously, it’s like the spirit of Carmen Miranda has been reborn in the body of a shiny-faced, bread-making bullshit machine from the Isle of Man.
Apollo are having quite the opposite problem – so snowed under are they with garish purple muffins and oily croissants that Shibby has to turn down another 1,000 unit order from a major restaurant. Well, you know what they say; you’ve got to eradicate to accumulate. Or is it defecate to accumulate?
Taking one for the Apollo team is Chris Bates, who is forced to parade around Covent Garden dressed as an oven. Shibby – a man who, lest we forget, is a trained surgeon – crows the infamous line; “I’m sorry madam, you’ve just walked in to the muffin zone.” We’re all going to hell in a bread basket.
As selling-time comes to a close most of the contenders are to be found arm-in-arm jumping up and down in celebration. Apart from poor cooker costume Chris, who looks like he’s just found out his pet dog’s been made in to a meat Frisbee.
With their suitcases packed and their faces set to Nervous Anticipation, the Apprentices-to-be head to Sugar HQ in yet another fleet of taxis. The tension is, well, palpable.
Shibby’s Angels have lost the task, so will the surgeon have to take a long walk off a short plank? Or is it goodbye from Paloma? Will Sandeesh get the chop?
Surprisingly, it’s surgeon Shibby who gets his marching orders. Apparently, Sandeesh’s total lack of effort and Arthur Scargill-like approach to factory life was what Lord Sugar was looking for all along. Who knew?
Conclusion: If you’re serious about making dough, it’ll take more than yeast to rise to the challenge.
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Tagged Apprentice Blog |
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Posted on October 20, 2010 by John Cronin
Plans have been submitted for a new office scheme on one of the final undeveloped bomb sites in the centre of Nottingham.
Developers Studon Holdings, a Leicester-based investment firm, have submitted plans for a new office building on the empty site next to 54-56 High Pavement in the prestigious Lace Market area of Nottingham. The Lace Market district is a local conservation area in the city that is dominated by expensive apartments and bespoke commercial offices. The area suffered from heavy bombing during World War II.
The scheme involves the refurbishment of existing offices along with the development of the vacant site adjacent to 9-11 Shorthill that will in total provide 104,549 sq ft of gross floor space. No’s 54-56 High Pavement are currently in commercial, serviced office use, though accommodating a significant element of vacant floor space, whilst premises at 9-12 Short Hill, formerly in commercial/industrial use, are now vacant. Some of the existing buildings involved in the scheme are listed and as the site is also of archaeological importance planning approval is not certain. Studon Holdings have previously submitted plans for the site to be redeveloped as a residential scheme. The full planning documentation for the new office block is available here.
Architects for the scheme are Re-format and they have proposed a design whereby a podium is created and the bulk of the buildings are then mounted on it in visually distinct elements complete with floor to ceiling glazing overlooking London Road (pictured). Inside the scheme will be a new urban courtyard, something seen in many of the other buildings already in the area, with a glazed atrium adjoining it. The scheme includes underground parking for 79 cars.
The proposed scheme has received mixed reviews from locals. Some describe the offices as being “yet another box disaster” while others have said “I really like the look of this development. The High Pavement frontage is in keeping with the other buildings but with a modern and contemporary look. I love the glazed boxes facing the BBC Island.”
Rental prices for the speculative development have not yet been published.
A decision from the planning committee is expected in the near future.
Posted in Nottinghamshire |
Tagged Listed Buildings, Planning, Serviced Offices, Speculative Developments |
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Posted on October 19, 2010 by John Cronin
A new joint venture announced this morning marks the start of the construction a significant office tower in heart of the City of London.
Land Securities and Canary Wharf Group have announced today that they have formed the 20 Fenchurch Street Limited Partnership (the Partnership), a 50:50 joint venture partnership to develop 20 Fenchurch Street, EC3.
The existing property, currently a cleared site with some ancillary retail neighbouring holdings, has been sold by Land Securities to the new partnership at a price of £90.2 million.
Planning consent for the proposed 37 storey building was granted in October 2009. It will provide approximately 690,000 sq ft of world class space in floor plate sizes of 14,000 sq ft to 28,000 sq ft with a skygarden on the top three floors. It is suggested that the skygarden (pictured) will be open to the public and will be the highest public park in London. Following criticism about the height and impact on the views of St Pauls Cathedral the original design has been reduced from 45 to 36 above-ground floors. 
The proposed office block has been given the nickname of Walkie Talkie due to the distinctive, top-heavy design of the structure. The tower has been designed by the Uruguayan born architect Rafael Viñoly. The upper floors of the tower will offer more spacious floor plates than those lower down the structure along with far reaching views of London. The offices will have a BREEAM rating of ‘Very Good’ and will be marketed as premium Grade A.
The Partnership will construct the project under a staged programme at an anticipated total development cost of £500m. To enable a condensed programme, construction of the substructure of the building and detailed design of the superstructure is to start immediately. Completion to the ground floor level is planned for February 2012. Construction of the superstructure will follow, with completion of the project anticipated in the second quarter of 2014.
George Iacobescu, Chief Executive Officer of Canary Wharf Group, said: “We are looking forward to this opportunity to apply our extensive experience as a developer of large, high specification and bespoke office buildings for a diverse range of clients. We are also delighted that on this occasion we will be working alongside Land Securities with its own impressive pedigree and track record. This joint venture project will provide further evidence of our approach to the development and construction of very high quality buildings in London.”
Indicative rental prices have not been published. Commercial agents Knight Frank have recently published a report estimating a rise in rental prices for floor space inside the Square Mile are set to rise by 37% to £58 / sq ft by the end of 2012.
Posted in London |
Tagged Canary Wharf Group, Rental Prices, Speculative Developments |
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