Investment 'helping to boost London office market'

Office design news from Morgan Lovell

Published on 10-12-2010

Bloomberg has announced the creation of a new headquarters in London that will provide a significant boost to the office construction sector in the capital.

The media company is the second high-profile firm to announce plans of this sort in recent weeks, with Swiss investment bank UBS also planning an office construction project in the coming months.

Bloomberg has appointed Norman Foster to oversee the construction, with the 3.2-acre site in Walbrook Square already earmarked to deliver up to 50,000 sq ft of office interior space once complete.

The firm stated this is a calculated move to "invest in bricks and mortar in London's Square Mile".

Meanwhile, Property Week recently reported that Plantation Place in the City looks set to be sold in the New Year after its owner put the property up for sale.

Constructed in 2006, the premises are valued at approximately £448 million and offer 550,000 sq ft of office interior space.

Posted by Adrian Norman