Bloomberg to set up new London headquarters.
London office space bought by media group Bloomberg.
Bloomberg have acquired new office space in London and plan to build a new base there in the UK.
The media group have purchased the Walbrook Square site from Legal & General and Lord Foster is to design the building.
Bloomberg aim to begin the development of their new offices in 2012 and to have them fully completed by 2015. The company are also working in conjunction with Tishman Speyer to construct a speculative office building at the same location.
“Bloomberg’s London headquarters has always been an integral part of the company. This new project underscores our commitment to London and to expanding our presence in this world-class financial capital,” commented Bloomberg chairman, Peter Grauer.
The company will be expanding from their current offices in Finsbury Square where they house 2,300 employees. The deal is the latest in a string of large office deals for the capital and is being taken as a positive economic sign by some.
“This shows that when it comes to financial and media services, London continues to lead the way in attracting the best in the business,” commented Vince Cable, the business secretary.
Research from Ipsos Mori and Cushman & Wakefield has also revealed that 71 percent of large companies located in London are looking to expand to bigger offices. The data was taken from 300 businesses stated the main reason for taking London office space was close proximity to customers.