The Weekly Wrap
Play” at Minster House, EC3
We are delighted to announce that we are now marketing the
Part 5th Floor (4,014 sq ft) at Minster House, 42 Mincing Lane, EC3.
The accommodation provides a high quality fit out comprising
a mixture of meeting rooms, private offices and a kitchen break out area.
For any queries please contact Jamie Nurcombe – 0207 456 0712
or Ali Porter – 0207 456 0707.
Take-up of London
City offices reaches a two year high in July.
According to Savills latest City Office Market Watch, take-up
for July in the City of London reached 1.02m sq ft across 29 deals, more than
doubling the 420,000 sq ft completed in June and recording the strongest
one-month take-up in nearly two years.
Over half of the take-up in July (591,000 sq ft/58%) was for
pre-let deals across five City operations. The largest pre-let deal so far in
July and the year so far, has seen BT Group pre-let the entire One Braham
Street, E1 equating to a 15-year lease of 328,011 sq ft.
So far this year, the Insurance & Financial Services
industry accounted for 21% of the take-up. The Serviced Office industry,
however, continues to grow throughout London, also accounting for 21 percent of
this year's take-up. July saw three WeWork deals alone of 84,026 sq ft, and IWG
pre-let all 68 King William Street, EC4 of 78,000 sq ft, the third biggest deal
this year for a service supplier.
Currently, 5.8m sq ft of new space is expected to be
completed next year, 24 percent of which is pre-let, compared with current 10.5m
sq ft requirements. Supply will stay restricted beyond next year, with a
speculative space of only 1.5m sq ft planned for completion in 2021 and 2.3m sq
ft in 2022.
Total City supply stood at 6.4 million sq ft, equivalent to a
vacancy rate of 5 percent, down 30 basis points from last year, resulting in average
grade A rents rising to £64.99 per sq ft by 5.2%.
The Alternative Giving campaign is up and running in a bid to
support the square mile’s homeless population.
The City of London Corporation is launching an alternative
campaign to help the homeless and rough sleeper population of the City by
donating money via four new contactless card points.
will be able to donate £3 a time to homelessness charity Beam, by tapping their
debit and credit cards on contactless devices at the City of London Information
Centre at St
Paul’s Churchyard, Barbican Library, Tower Bridge Engine
Room, and the Guildhall West Wing reception window.
Online donations can also help the campaign, and city firms
can sign up by visiting cityoflondon.gov.uk/tapforchange to put devices in
The campaign will run for three months and more contact points
could be rolled out across other locations in the City if it is successful.
Marianne Fredericks, chairman of City of London Corporation
homelessness and rough sleeping sub-committee said: “In a culture where people
are increasingly using their debit and credit cards and carrying very little
cash, this is an effective and efficient way to help the most vulnerable in our
“The funds raised through these devices will go towards the
essential, often lifesaving work being carried out by Beam.”
“Working with our partners we are supporting rough sleepers
to make real life-changes, leading to training, jobs and long-term
accommodation and helping them get off the streets for good.
“I hope City business will embrace this campaign and help
provide even more locations for the alternative giving tap machines.”
calls on firms to paint City red.
City employees are being invited to celebrate the community
and voluntary projects of their companies this year by wearing red for the day
as part of City Giving Day 2019 and taking part in activities and events across
the Square Mile.
The annual event, this year on Tuesday 24 September,
celebrates the value of the City to society and shows how businesses can make a
difference. It champions activities – whether CSR, philanthropy, or
volunteering initiatives – that companies undertake as part of their commitment
to supporting charity, society, the community, and the environment in which
The campaign is an opportunity for employers to speak to
staff, recognise achievement and plan even better future community
participation, whether in the form of mentoring, fundraising or essential
The City has a reputation for being very corporate and
straight laced, but this shows a side to the businesses and firms that is more
community focused and concentrates on bringing about real impact.
It’s part of the multi-year strategy ‘A Better City for All’.
Focused on four key pillars, the strategy aims to create a City that is
inclusive, health, skilled and fair, with the objective of helping one million
In 2018, 313 organisations came together to recognise all
this remarkable work. By joining in they inspired up to 5,000 new volunteers to
offer their time, raised more than £450,000 for good causes, and highlighted
some of the exceptional charitable activity that takes place throughout the
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