The Weekly Wrap
House Fully Let!
Newton Perkins are delighted to
confirm a recent letting at Fitzwilliam House, 10 St Mary Axe, EC3, on behalf
of owners, USS, and asset managers, DTZ Investors.
Following a recent refurbishment of
the building’s reception, a comprehensive refurbishment of the 6th floor (6,979
sq ft) was undertaken.
The building offers
Grade A office accommodation in the heart of the City Core and represents one
of the few remaining assets not to be elected for VAT.
Following this letting the building
is now fully occupied.
City of London boosts the availability of public space
This summer was a perfect chance to
go out and explore the Square Mile for residents, employees and tourists.
As a collective, those that spend
time in the area want to ensure that the busy streets of the City of London
continue to provide a safe and enjoyable environment not only for the coming
months, but also in the years ahead.
This challenge is made all the more
difficult due to growing workforce, especially in the iconic City Cluster. The
opening of the Elizabeth line will also make the City accessible to millions
more people with an estimated 1.5 million more individuals travelling into and
enjoying the Square Mile.
Increasing demand makes it even more
important that the planners and developers are innovative when it comes to
making use of the limited space.
In order to find solution, The City
of London Corporation is arranging 'Lunchtime Streets' through their Active
City Network. This initiative provides an opportunity to rethink what the
streets and public realm of the City might look like in the future by allowing
individuals to enjoy a lunch break free of traffic.
For example, last week, St Mary Axe
was closed to motor vehicles so residents, employees and tourists could enjoy a
variety of food stalls, live music and other fun events.
This week, Chancery Lane was also
partially closed to traffic at lunchtime (3-5 September). This event required
many local companies and restaurants to generate a vibrant atmosphere, backed
by the Chancery Lane Association.
be ‘Plastic free’ by 2021
According to ‘City Matters’, plans
have been approved by the City of London Corporation to eradicate unnecessary
single-use plastic waste at Guildhall and Mansion House by Spring 2020 and the
entire organisation by 2021.
The authority will introduce fresh
regulations on personnel procurement and work with its contractors to roll out
the strategy across its supply chain in a bid to decrease its effect on the
Multi-use plastic waste such as
plastic folders and wrapping will also be eliminated while other non-plastic
disposable products such as paper towels, will be minimised.
The City Corporation is the capital's
major provider of public services. It manages a broad portfolio of social
housing across six London boroughs, ten high-end academies, three wholesale
markets, and 11,000 acres of green space including Hampstead Heath and Epping
Forest. It is also an investor in properties and other corporate buildings.
The authority also leads the
initiative Plastic Free City – a rallying call for companies and people to
decrease and eliminate single-use plastics across the Square Mile.
A total of 76 City businesses and
organisations, together employing over 73,000 people, have so far joined the
149 City pubs, bars, cafes and
restaurants have also become part of a network of water bottle refill stations
where reusable water bottles can be refilled by the public – all found in the
up the City!
The engineers of UK Power Networks
are working on a £5m project to power the next skyscrapers on the famous
skyline of the City of London.
Britain's largest distributor of
electricity is jointly investing in a power upgrade with developers to double
the energy capacity of an electricity substation that will allow the financial
district to continue to grow.
Engineers are adding extra capacity
equivalent to powering an extra 27,000 households through the power network
that serves the London regions of Bishopsgate and Moorgate.
The extra energy capacity will
support economic development in the part of London known for buildings such as
The Gherkin, Cheesegrater and Walkie Talkie.
A trio of fresh transformers, each
weighing more than 100 tons, will play a vital role by stepping down the
voltage so it can be supplied securely to additional substations and clients.
The project manager at UK Power
Networks, Jonathon Peirce, said: “We are investing in new equipment to continue
providing safe and reliable power supplies for existing and future customers,
supporting further construction work in this exciting and dynamic part of
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