The Weekly Wrap
City of London Set To
Welcome The Wolseley!
European classic The Wolseley is set to
bolster the City’s thriving restaurant scene.
A joint venture
between Ares Management Corporation and Black Mountain Partners has seen the
purchase of 68 King William Street priced around £75 million.
show plans to transform the 97,538 sq.ft building into a mixed use scheme to
include The Wolseley (which is opening its second location in London) occupying
the ground floor, with the upper floors rumoured to be under offer to IWG’s serviced
office provider Spaces and Pure Gym (subject to planning).
The addition of
The Wolseley adds to the dramatic improvement of restaurants and bar offerings within
the city of London over the last few years which has transformed public
particularly fond of the restaurants and bars along the riverside including
Coppa Club which offers unique igloo style pods along the water. These transparent
domes have become a huge hit for bloggers and influencers alike, often snapping
themselves on Instagram thanks to the distinctive aesthetics and view of Tower
restaurant which is also attracting plenty of attention is Dokke located in St
Katherine’s Dock. Here you can tuck into their Asian inspired dishes which are
decorated in edible flowers and
made to look like a piece of art – but it’s not a case of style over substance,
the food is perfectly on point as well!
The Oyster Shed is another great riverside location in the
city, serving good food plus views! Obviously Oysters are the main pull here
but they also serve a great roast dinner. Whilst Le Pont
de la Tour provides welcome French luxury and boasts extraordinary warehouse
accommodation overlooking the Thames.
of London ramps up the drive for modernisation
It is one of the City's oldest organisations, but Lloyd's of London are
proving they are at the cutting edge of technology.
After finishing more than 50 percent of its underwriting deals electronically,
the historic specialist insurance industry has reached a milestone, meeting a
target it set itself for the second quarter of this year.
and brokers at Lloyd's have made their deals face-to-face over paper for more
than three decades, but now the sector is being urged to relocate their company
online as part of a cost-cutting approach.
Group, a trading body for London's specialist commercial (re)insurance brokers
and underwriters, said today that Lloyd's electronically accepted over 60
percent of in-scope risks, exceeding its 3-month target of 50%.
After a tough
year in which the market made a pre-tax loss of £ 1bn after a spate of natural
disasters, the organisation tried to reduce its expenses by boosting its
figures are encouraging and show a market-wide dedication to modernising
Lloyd's ' way of doing company. We need to proceed with this momentum and look
for the same achievement in submission prices," said Lloyd's chief executive,
showed further recognition for regulation earlier this year by establishing a
new code of conduct in April, which included a ban on drinking between 9 am and
5 pm for its employees.
Taxi drivers are
slamming ' PR gimmick ' as City is launching car-free days
have smashed plans over the summer to close important places in the City of
London to traffic, stating they're a "PR gimmick."
The City of
London Corporation announced that key City hotspots, such as St Mary Axe and
Chancery Lane, will be closed for days in August and September in order to
allow traffic-free lunch breaks for employees.
St Mary Axe,
which hosts the Gherkin, Cheesegrater and Baltic Exchange, will be closed by
the Corporation to cars and taxis from 13-15 August, while Chancery Lane will
be closed from 10.30am to 3 pm from 3-5 September.
are designed to allow events, music and food.
chairman of the Committee for Planning and Transportation, said: "The
Square Mile is famous for its busy roads. It will continue to be a magnet for
residents, employees and visitors in the coming years as the UK's leading
Lunchtime Streets' provides us with an opportunity to rethink what the streets
and government realm of the City might look like in the future. The ongoing
development of the working population of the Square Mile–and the upcoming
Elizabeth Line–makes it all the more important for us to be innovative in
making use of space.”
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