The Weekly Wrap
Floor, 10 Lower Thames Street – LET!
Another deal done in this iconic building on the north bank.
Newton Perkins acted on behalf of Northern & Shell and the new tenant is
The part ground floor (3,258 sq ft) provides high-quality
accommodation with a superb view of the River Thames and Tower Bridge.
Crosswall - Deal Done!
We are pleased to announce that we have let the 1st floor
offices (2,701 sq ft) at 11/13 Crosswall, EC3!
This refurbished office floor was let in a fully fitted
condition to provide a boardroom, a kitchenette and open plan desking with
For more information please contact Ali Porter (0207 456
0707) at Newton Perkins.
It was great working with our joint agents Matthews &
office construction hits low as Brexit fears continue
In the last 6 months, the construction of new offices has
decreased by 49%, the lowest level of new office starts for five years as
Brexit uncertainty continues with the added complication of the upcoming
In the last six months, construction began on only 24 new schemes
totalling 1.8m sq ft compared to 37 schemes comprising 3.5m sq ft in the
Currently, the total volume of the office buildings under
construction across central London is 11.9m sq ft across 92 schemes. This is a
decrease of 10% from the previous survey but remains above the 10.6m sq ft
The City of London continues to dominate construction
activity with 5.3m sq ft under construction, accounting for 45% of all central
London businesses. However, with only four new schemes adding just 200,000 sq
ft into the development pipeline, new development has slowed significantly.
With 11 new start-ups, including seven refurbishments, the
West End has experienced a steady rise in construction activity starting in the
last six months.
The West End now has 35 offices under construction to add an
office space of 2.2m sq ft to the market. Midtown and the South Bank provided four
and three new offices breaking ground, respectively, an increase in
emissions and air pollution to be added to Uber
Uber and other taxi service apps have contributed to a sharp
rise in CO2 emissions and air pollution in the taxi sector.
Uber was to blame for the rise in CO2 emissions as there was
a 23% increase in emissions from “taxi-like services” between 2012 and 2017.
The increasing pollution nearly doubled in the same period in
conjunction with private hire car licences in London.
Over the course of five years, private car trips and taxi
licences have remained stable, prompting the study to believe that the rise of
Uber and similar apps have strongly contributed to the increased pollution.
London pubs to put up anti-abuse posters
Anti-abuse flyers will be posted in all City of London pubs located
near Lloyd’s of London urging workers to report any inappropriate behaviour
after sexual harassment complaints.
The City institution is launching a campaign of advertising,
banners and vinyl posters at the company's headquarters at One Lime Street and
in local bars and cafes after hundreds of underwriters and brokers said they
have witnessed abuse or harassment in the past year.
A survey found that in the past 12 months alone, nearly 500
respondents suffered or witnessed sexual harassment. There is evidence from 18
women complaining of a range of sexual harassment, from inappropriate remarks
to physical assault.
tower planning approved
Planning has been approved for the 73-storey, 1 Undershaft
Tower by the City of London, informally known as The Trellis.
The 289m tall building, next to the Gherkin, will provide
90,000 sq m of office space with retail space and large public square at ground
Planning decision also allows the demolition of the existing
Aviva Tower at 1 Undershaft in the city’s financial district, where the new
tower will be built.
Planning was initially approved in 2016 but was resubmitted
after developer Perennial Estate Holdings backed out of an option to invest in
Designed by architect Eric Parry and designed by Singapore
firm Aroland, the tower will have a distinctive structure, with clear exterior
cross-bracing used to support the building, prompting the nickname of the Trellis.
Plans also include a publicly accessible gallery with a
restaurant at the top level of the building.
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