The Weekly Wrap

19th October 2018
The Weekly Wrap

New Instruction – Fitzwilliam House, 10 St Mary Axe, London EC3

Fitzwilliam House is a high quality office building that has been comprehensively refurbished to offer 6,979 sq ft of 6th floor accommodation.

The amenities on the floor include VAV air conditioning, a new fully accessible raised floor and a new metal tiled suspended ceiling with new integrated LED lighting. The building itself offers a large central atrium, bicycle storage and lockers, shower facilities, and 3 glass fronted wall climber lifts with a separate goods lift and loading bay.

Fitzwilliam House is primely located within the City of London on St Mary Axe close to the junction with Leadenhall Street. The property is adjacent to The Gherkin, The Leadenhall Building and the Lloyd’s Building and benefits from numerous nearby amenities including Leadenhall Market and Devonshire Square. Furthermore, Fitzwilliam House benefits from immediate transport links to Liverpool Street, Fenchurch Street and Bank stations.

For any enquiries please contact Jamie Nurcombe 0207 456 0712 or Chris Sutcliffe 0207 456 706.

Vortexa storms into Portsoken House

Newton Perkins can confirm that the 8th floor at Portsoken House, 155-157 Minories has been let to analytics company Vortexa. Following the refurbishment of the building, Newton Perkins advised McKay Securities to fully fit out the vacant office which produced a swift letting and minimised our client’s letting void.

We are also pleased to confirm that the 2nd floor (5,146 sq ft) is also under offer. The building is a short walk from Aldgate Station. Located on the Minories, the area benefits from a wide range of local amenities such as café’s, bars, shops and restaurants.

For further information on this EC3 office letting success story, please contact Jack Wells (020 7456 0729)!

How bad is the pollution in City of London?

The City of London plans to turn parts of the Square Mile into a zero-emissions zone by 2022 and to also reduce the speed limit to 15mph according to a report.

The chairman of the Planning and Transportation Committee of the City of London Corporation, Chris Hayward said, “air quality is probably one of the most important political priorities today. We’re at war with air pollution. We want radical solutions to this and we want them fast.”

The Square Mile’s local authority intends to introduce interim zero-emission zones which will cover the east side of the City and also the Barbican area by 2022 and will lobby the mayor’s office to create a wider zero-emission zone across central London. By 2030, The City of London plans to reduce the motor traffic by a quarter and by 2044 it should be reduced by half.

The southern boundary of the City, Upper Thames Street has the highest pollution in all of London, as the nitrogen dioxide levels exceed the critical levels more than 120 times last year. 18 times is the legal limit.

It was previously suggested by the Corporation officials to carry out an ultra-low emission vehicle street that would only allow electric vehicles and hybrids to pass, but the plans are to prioritise pedestrians by rerouting vehicles away from the financial district. This is the first plan in the Corporation’s history that covers the next 25 years.

This would close some of the roads to traffic at peak times. Mr Hayward quoted “potentially a public safety risk” caused by traffic in the east of the City. “An example could be somewhere like Leadenhall Street, where at rush hours people can’t get to and from the Tube on the pavements so you find they’re starting to spill into the roads,”

London declared as the world’s hub for investment and trade

The City of London Corporation has reported that London is the world’s hub for global investments beating, New York, Frankfurt and Paris.

There was £8.6bn invested into the UK between 2013 and last year creating an estimated 16,126 jobs and London has attracted 248 projects which puts the capital on top as the leading global financial centre.

Last year, London has received 55 inbound projects which are double the amount in Paris, New York, Dublin and Frankfurt, also triple of Hong Kong and Luxemburg and lastly 5 times the number in Tokyo. This was compared to other eight financial centres but London received the highest number of financial services foreign direct investment projects last year and between 2013 and 2017, with US, Sweden and China the leading the investment.

The US was behind 26% of the total projects which created 4,500 jobs with an investment of £1.5bn.

According to the report, the UK is the second largest destination market for France, India and Switzerland, third largest from Germany, Spain and Canada due to the London’s air connectivity, cost-effectiveness and business environment.



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