The Weekly Wrap
has secured the top spot for global business innovation
It has been
voted that London is the number one destination for businesses to locate global
teams and innovate despite uncertainty around Brexit, according to new figures
published by the City of London Corporation and City Property Association.
that London was viewed as the best location for global teams by 37% of 450
senior leaders, placing the capital ahead of Paris, New York and Singapore.
With half of
the companies surveyed naming collaboration across and within business teams as
the most important factor in driving innovation, 94% of respondents scored
London positively– including 54% that described its offering as ‘world
also leading the race as a global city for innovation to increase revenue, with
35% of respondents having rated it in the top spot.
London Group raised over £15m ahead of Recognise launch
raised £15.2m to support the development of a new bank which will be called
Recognise and is to be launched once it receives a banking licence. The bank
will focus on SME’s.
is strengthening its team and developing its operating model ahead of the
executive officer, Michael Goldstein said, “We are delighted with the support
shown by existing and new shareholders for our strategy.
announcement and the commitments to raise in excess of £15mln reflects
confidence in the team and the strategy that we have laid down for creating an
organisation that is positioned to meet the needs of the SME market.
to see a clear path for generating shareholder value.”
set for crunch talks
over whether the development of a 305 metre leisure focused building in the
heart of the City Core will go ahead are set for next month.
proposals include 12 floors containing a mixture bars, restaurants and
ambitious project has been described as both a huge potential asset to the City
and a monument to arrogance. However, Chris Hayward of the City of London’s
Planning and Transportation Committee has intimated that he could back the
project, stating “When you’re dealing with a city like London, you want
iconic-looking buildings. You want different buildings. You don’t want every
tall tower to look the same. Well, this one couldn’t look more different, could
Public Park to open in the City!
The City of London will be getting
a brand new park near Liverpool Street station.
Exchange Square in Broadgate, which
is directly to the north of the railway station platforms, is the proposed
location for the new 6,000 sqm park.
The design from DSDHA shows us the
grass and green space, a playful water feature, a new restaurant and also space
A head gardener will be required to
oversee the landscaping and planting due to a large amount of green space
The project is set to “blend nature
with the energy of London” and also “promote the physical and emotional
wellbeing” of people who work and live within the area. The news comes just a
month after the City’s latest roof garden opened on 120 Fenchurch Street.
BT complete sale of St Pauls HQ
CoStar reports that telecoms giant
BT has agreed terms on the sale of its St Pauls headquarters for over £200m and
has selected a new location of 300,000 sq ft in London.
A successful bidder has been found
to occupy the 273,000 sq ft development at 81 Newgate Street. Terms were agreed
to buy the building of three parties that were selected from the beginning of
CoStar reveals that BT has picked
the Aldgate Developments site at One Braham Street in Aldgate as the preferred
option for their new home.
BT will be taking all of the
325,000 sq ft office space. However, they are not under offer just yet on its
occupational deal with Canary Wharf Group’s Wood Wharf remaining the only other
option that is seriously being considered.
Last year, BT instructed Cushman
& Wakefield to look for a new headquarters in London in a relocation from
St Pauls where it has been since 1874.
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