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Land securities press ahead with new office tower

A leading city development company has announced its plans to push forward with a landmark office building.

Land Securities are planning to build a 37 storey construction that’s been dubbed ‘Walkie Talkie’ tower, on Fenchuch street.

Land Securities has announced that it is pushing forward with the construction of the much talked about ‘Walkie Talkie’ building at 20 Fenchurch Street in the City of London. This is despite the fact that the company has not yet secured a pre-let.

Work commenced in January on the Rafael Vinoly designed building which when complete will provide a 37 storey commercial property providing 690,000 square feet of prime office space in the City. Each floor of the building will offer 360 degree views, in addition to a public sky garden.

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Simple office exercises to improve fitness

Filed under: News — Tags: Exercise, fitness, Health Tips, london, Uk Office Space — Lee Kozlowski @ 9:49 am

When you work in an office all day it’s hard to find the time and energy to exercise.

However, by making a few changes to your daily work routine you can improve your health and feel fitter in no time. (more…)

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Increase in third sector companies leasing properties

Filed under: News — Tags: Age UK, london, midtown, office space — Lee Kozlowski @ 10:07 am

Recent demand from third sector companies such as Charities and Associations looking to upgrade to better offices has trebled in recent months.

Age UK, a new organisation formed by Help the Aged and Age Concern, recently took 57,500 square feet of office space in Tavistock Square.

The charity works to ensure older citizens are treated with respect and have access to health and social care, as well as helping them with money matters. (more…)

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Soho office space scheme set to begin construction in Q1 2012

Filed under: News — Tags: city centre, corner site, David Pearl, Great Marlborough Street, london, new development, Soho office space — Amy Edwards @ 10:16 am

The final piece of a planned mixed use development, 47 Poland Street in Soho, which will comprise a large corner site, offering 110,000 sq ft of office space has been bought after 5 years in planning.

Henderson Global Investors bought 49-50 Poland Street in 2005 from Benchmark Property, followed by 55-57 Great Marlborough Street from the Pollen Estate in 2007 and 54 Great Marlborough Street from a private German investor in 2009.

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Tbricks expansion plans mean a new office in London

Filed under: News — Tags: Expansion, london, London expansion, London market, London office market, office market, office space, Tbricks — Adam @ 9:31 am

Tbricks, a leading provider of innovative high-performance trading systems, has decided to expand its company to include a London office. They have also hired a prominent expert Darran Hodder as their sales directors.

The move will allow the company to make an impact on the London market place, which will help the company to financially grow in accordance with the business forecast.

Jonas Hansbo, CEO of Tbricks, said, “It is very natural for us to open up a London office to better serve our customers.”

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London office market set to be the World’s priciest

Filed under: News — Tags: Australia, CB Richard Ellis Group Inc, high rental prices, london, London office prices, London office space, office prices, office space, rental prices, singapore — Adam @ 10:04 am

A recent report indicated that even though global occupancy costs have fell London has remained the world’s most expensive office market.

The report has come from CB Richard Ellis Group Inc., the world’s largest commercial property broker, and indicates that London’s West End has some of the highest priced office properties.

The report indicated that the city has held the top spot for 9 years, and that it shows no signs of being replaced.

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Paddington Basin to serve as junction for office users

Filed under: News — Tags: Business Exchange, Heathrow, Heathrow Express, Kingdom Street, london, London office space, MWB Business Exchange, networking, office space — Adam @ 10:05 am

Travel between London offices and Heathrow airport is to be made much easier with a new serviced office and meeting venue that is located at Paddington Basin.

The site is intended to be used as a meeting location for office users before travelling by plane or as a site to liaise with clients travelling into the city.

The site is so ideal as it only a five minutes’ walk to the Heathrow Express platforms at Paddington.

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H&M owner buys Regent Street office space

Filed under: News — Tags: billionaire, Delancey, H&M, london, London office space, office space, regent street, Regent Street office space, Stefan Persson, Sweden, Swedish, Swedish billionaire — Adam @ 9:52 am

Stefan Persson, Swedish billionaire and owner of H&M, has bought retail and office space in the prime of London’s Regent Street for £225million.

It has been reported that the billionaire agreed upon the purchase late last week and that the property already comes with high-class tenants, such as Banana Republic, H&M and Armani Exchange.

It seems that some believe that this sale marks a sudden surge of demand for London office space and highlights an increased amount of consumer spending.

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New York Nymex open offices in London

Filed under: News — Tags: carbon, efficiency, energy efficiency, environment, Europe, london, London office space, new york, Nymex, office space, The Green Exchange, Tower Bridge office space — Adam @ 10:24 am

Nymex and The Green Exchange, New York energy efficiency companies, have announced plans to open a London-based office as a way to enter the European market.

This news comes after months of searching for the correct property and attempts to receive UK regulatory approval.

Initially the company looked at offices in Brent crude in Dublin, however the company has now decided that offices in the capital would be more appropriate for their plans.

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2015 marks a turning point for London office space

Filed under: News — Tags: economic instability, financial instability, lease expired, lease expiry, london, London offices, office space, relocation — Adam @ 9:25 am

From 2014 to 2016 many lease agreements will expire leading to some tenants relocating, which may create some economic instability.

This 3 year window of turmoil is due to the fact that there was a significant boom of 25 year and 15 year leases in the 1980’s and 1990’s. As a result 2014, 2015 and 2016 marks the end of many of these leases.

Therefore it is crucial to secure tenants for this period, otherwise properties will become vacant and landlords may become financially unstable.

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