Posted on August 3, 2015 by Offices.org.uk
DEVELOPER British Land has announced the £144 million sale of an office building in London’s SW1.
The buyer of ten-storey 39 Victoria Street is Singaporean property company Ho Bee Land. The building, bought by British Land in 2009 for £40 million, is let in its entirety to the House of Commons.
Tim Roberts, Head of Offices at British Land, said:
“39 Victoria Street has been a good investment for us and is an excellent example of how we do business. Our refurbishment delivered a high quality building and attracted a high calibre occupier on a profitable lease.
“The timing of the disposal allows us to benefit from strong investment markets, and to allocate capital most appropriately across our business.”
Other properties owned in London by Ho Bee Land include 1 St Martin’s Le Grand, 60 St Martin’s Lane and Rose Court.
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Posted on July 27, 2015 by Offices.org.uk
PLANS have been unveiled to turn the iconic Millbank office tower in London in to a residential development.
The 50-year-old skyscraper, the tallest in London when it was built, would be extended upwards to include three extra floors with a total of 210 new apartments created.
The redevelopment, which would also include neighbouring 30 Millbank, would feature a new luxury hotel and a leisure centre.
Some of the businesses occupying office space in Millbank tower currently include the Environment Agency, the UK India Business Council, World First and the Audit Commission. It was famously home to the Labour Party in the run up to the 1997 General Election in which Tony Blair was first elected.
A website with information about the transformation of Millbank Tower, owned by David and Simon Reuben, says that the future of the building is “best secured by a complete refurbishment that will revive the development with exciting offers for the local area and for the many visitors to this extraordinary location.”
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Posted on July 13, 2015 by Offices.org.uk
PLANNING application for two major new office buildings have been submitted to the city council.
The proposals for One and Two Chamberlain Square form part of the huge £500 million mixed use redevelopment of the old central library site.
The scheme, labelled Paradise, will see up to ten high quality new buildings with retail & leisure, Grade A offices and a four star hotel.
Eric Parry Architects have designed the 172,000 sq ft One Chamberlain Square -a seven storey building with elegant curved facade and a large roof terrace.
Glenn Howells Architects are behind seven storey Two Chamberlain Square which provides 182,000 sq ft of Grade A office space. The building will have an “elegant five storey portico” that “reflects a contemporary interpretation of the historic setting of the building which fronts onto Chamberlain Square and then steps back from the sixth floor with a roof terrace.”
Senior projects director of Argent, Rob Groves said: “These submissions are an important milestone for the Paradise redevelopment. We have been working together with the design teams, stakeholders and the Planners to ensure that the modern architectural language for the buildings complements the sensitive heritage setting and Chamberlain Square itself, creating great public realm and public space whilst also providing the very best office space.
“We believe that our proposals will deliver two exceptional buildings in a remarkable setting to set the scene for the transformation of the heart of the city.”
If planning permission is granted by local planners, it is expected that work on the new office buildings could begin this Autumn.
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Posted on June 29, 2015 by Offices.org.uk
SOCIAL media giant Facebook is reported to have further increased its presence in London with the leasing of new office space.
The Evening Standard has reported that Facebook has signed a deal to take all 34,000 square feet of space at 2 Stephen Street, close to Tottenham Court Road.
The new deal for West End office space comes just months after Facebook doubled the size of its presence at Regent’s Place, Euston, when it agreed nine floors at 228 Euston Road.
Facebook employes over 10,000 people globally and had 1.44 billion monthly active users as of March this year.
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Posted on June 23, 2015 by Offices.org.uk
STEEL specialist Severfield has revealed it will spend £6million on remedial work at the Leadenhall Building in the City of London.
Two bolts fell from the 225-metre tall skyscaper, known as the Cheesegrater, last November. In January, a third bolt fell from the building at 122 Leadenhall Street.
Most of the 3,000 bolts used by Severfield in the building are to be replaced and the listed company disclosed in its year-end results that the remedial works will cost £6million.
Speaking to newspaper City AM, Severfield’s chief executive Ian Lawson said: “These bolts were a specialist product. It is the first time we’ve used them and it is unlikely we will use them again.”
Other major projects that Severfield has worked on previously include The Shard, the Olympic Stadium, and Tate Modern.
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Posted on June 10, 2015 by Offices.org.uk
LOCAL councillors have given the go-ahead to a new mixed use office space and hotel redevelopment in Southwark.
The decision, made last night by the local council’s Planning Committee, will see a new six storey, 192-bed hotel built in Blackfriars Road with five levels of new office space, totalling 41,800 sq ft, above.
Derwent London’s new building will be capped by a publicly accessible ‘skybar’ operated by Soho House.
An existing seven storey office building called Wedge House, which was formerly in use as Southwark Social Security Office, will be knocked down the redevelopment.
A previous planning application was previously granted for an 11-storey office building at the site but consent has now lapsed after not being taken forward.
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Posted on June 2, 2015 by Offices.org.uk
NEW research has suggested that office workers in desk-bound jobs should be on their feet for 2-4 hours a day for better health and productivity.
The report, commissioned by Public Health England and Active Working CIC, says that sedentary workers should initially aim for 2 hours a day of standing and light activity, eventually rising to 4 hours.
Long periods of seating should be broken up with standing-based work and the use of sit-stand desks is also recommended.
An international panel of experts were invited to contribute to the recommendations which were published yesterday. It is the first time that specific targets have been issued to curb the health risks of too much sitting.
The report is based on observational and retrospective studies but the authors say “the level of consistent evidence accumulated to date, and the public health context of rising chronic diseases, suggest initial guidelines are justified.”
Read the full report on the British Journal of Sports Medicine website.
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Posted on May 29, 2015 by Offices.org.uk
100,000 SQ FT of new lettings at the Leadenhall Building in the City of London have been announced this morning.
The newly-revealed tenants are leading insurer and reinsurer Brit insurance, spanish bank Banco Sabadell, and Edinburgh-based asset management firm Kames Capital.
The companies will between them occupy seven storeys of the Richard Rogers-designed building that is unofficially known as the Cheesegrater.
The 225-metre tall skyscraper in Leadenhall Street is a joint development by British Land and Oxford Properties.
Tim Roberts, Head of Offices at British Land, said: “We continue to be pleased with the mix of occupiers we are attracting to the Leadenhall building, and our strategy of letting the lower floors first and focusing on the upper floors at completion is playing out well.”
Mike Rayner, Head of Developments at Oxford Properties, said: “We are exceeding our targets in terms of leasing, and are thrilled with the response to the building. We have always believed The Leadenhall Building is a world-class, trophy asset, and the level of interest has certainly reaffirmed that.”
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Posted on May 26, 2015 by Offices.org.uk
Star Trek inspired office. Credit: YouTube.
A NEW office building in China has been built to look just like the USS Enterprise of Star Trek fame.
Reports say that the $160 million offices in China’s Fujian province belongs to software company NetDragon Websoft.
The company’s founder Liu Dejian, who also sits on the board of Chinese search engine Baidu, is a “huge fan” of Star Trek, says the Wall Street Journal.
The new star ship shaped office building is 260 metres long, 100 metres wide and rises to six storeys.
The WSJ also says that the building has a life-sized Tyrannosaurus rex skeleton replica inside.
Watch aerial footage of the office building that looks like the USS Enterprise.
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Posted on May 22, 2015 by Offices.org.uk
A TEMPORARY co-working space built in the canopy of a tree is to open this summer in London.
The pop-up tree office in trendy Hoxton Square will accommodate up to eight people and have its own wireless internet.
TREExOFFICE has been created by artist Natalie Jeremijenko, previously responsible for similar tree offices in New York and Berlin. She has worked in collaboration with artists Shuster + Moseley, architects Tate Harmer and briefing architects Gensler.
The unique park hack office experience is part of a Rethinking Parks initiative from charity Groundwork in association with Hackney Council and Gensler.
TREExOFFICE opens on June 8th and will remain in place until the end of the year. Income from bookings to use the offices will be invested back into the local area. Local community groups will be able to book the space free of charge at weekends.
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