Energy company plan new London office space.
Vattenfall to develop new headquarters in London.
Energy company Vattenfall are planning new London office space to use as their headquarters in the UK.
Currently the firm is working on plans to create a major offshore windfarm in the North Sea area and needs a base in the UK to run the operation from.
Vattenfall are looking to expand across the country and possibly open more offices in the capital and around the UK. Oystein Loseth, chief executive of Vattenfall said that the UK energy market represents “possibility for growth, especially on the wind side,” for the company.
“That’s why we are trying to find a place for a new office in London where we can sit all together,” commented Loseth.
Currently the firm has a small office in London and some offices in Hexham, Northumberland and Edinburgh.
The company are the fifth largest generators of electricity in Europe and the new wind farm in the North Sea is expected to generate 7,200 megawatts of power after its completion in 2015.
In other London office space news the Aldgate Tower site is under offer for around £17 million.
The development was previously owned by real estate company Morgan Stanley and is under offer by Stanhope and Molloy Properties.
The offices can now be redeveloped thanks to the joint venture between Stanhope and Molloy, the money will allow the site administrators, BNP Paribas Real Estate, to complete the project.
Law firm Trowers Hamlin have signed a new lease contract for 100,000 square feet in the building through a pre-let agreement.