The Weekly Wrap

27th February 2018
The Weekly Wrap

The Minster Building 

The new Ivanhoe Cambridge development, The Minster Building, is being formally launched this week, following an extensive refurbishment and a multitude of pre-lets. Of the 230,000 sq ft of office accommodation, only roughly half remains. Whilst we obviously take a strong interest in this activity from a professional standpoint, the proximity of the building to our own office on Eastcheap means we also have one eye on the new retail offerings.

The building has secured two prestigious tenants for its retail units – and they couldn’t be more disparate…

Brewdog has selected the location for its first brewpub. The Scottish craft brewer, which is currently raising money in its fifth round of equity crowdfunding, has announced that it is opening a new bar on the ground floor of the Minster Building, at the corner of Great Tower Street and Mark Lane.

The bar will be sticking to its roots in containing a 10 hectolitre brewing facility, meaning some of the beers will be freshly made in the City.

The site will be Brewdog’s first foray into the City core, adding to existing bars in both Clerkenwell and Shoreditch.

On the other end of the spectrum, Third Space, the premier luxury health club brand, is opening a substantial facility on the lower ground floor.

The club will provide state of the art facilities including everything from spin studios and a purpose built dojo to a 20-metre pool and health food catering. Applications for founder memberships are now open, offering significant discounts on both memberships and personal training sessions, as well as the use of all other Third Space clubs until 2020.

Brewdog and Third Space are scheduled to open their doors in April and June of this year, respectively. NP are equally excited to welcome them both to EC3 (albeit for very different reasons!).

Portsoken House Launch

Last week saw in the highly anticipated launch of the newly refurbished Portsoken House, EC3

The doors were open to all City agents from 7.30am and by 9am we had welcomed in over 100 agents. The Newton Perkins home team ensured all agents received tours of the newly refurbished 2nd and 8th office floors (which total 5,146 sq ft and 3,260 sq ft respectively) as well as highlighting the new and remodelled reception area and also the new bicycle store and shower facilities within the basement of the building.  

The building is owned by McKay Securities PLC and over the last 12 months, it has been transformed into a contemporary and highly specified office building. Both available floors now benefit from new VRF air conditioning, new LED lighting, underfloor trunking and new bespoke architecturally designed ceilings.

New flexible leases are available direct from McKay Securities so for more information or to view please get in touch with either Jon, Ali or Harry.  

Special thanks to Delicious Dishes, Bean About Town and Helix Property Mgmt for making the launch run so smoothly.

City Corporation plans North bank regeneration

According to a recent report, the City of London Corporation intends to commence consultation with potential partners and private investors to discuss the possibility of undertaking a major regeneration project.

The City is planning a mixed-use regeneration of the City’s north bank Thames area; this is intended to include the Custom House and the site that formerly housed Old Billingsgate market.

Christopher Hayward, Chairman of the City of London Corporation’s Planning and Transportation committee said that the proposals would form part of a master plan for the regeneration of the area.

The development of the South bank of the Thames is thought to be the inspiration for this project; the north side has long lagged behind and the opportunity for redevelopment will be coming soon, as HMRC is due to vacate the aforementioned Customs House in 2020.

Improvements to air quality and the environment will also form part of the plans; along with refurbished riverside sites and improved pedestrian access along Lower Thames Street.

Hayward is quoted as saying:  “We would look to introduce a mix of development stretching from the Sugar Quay site to the Tower of London that included retail and leisure, offices and hotels.”


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