Destination Developments

As development in the office sector bounces back the skyline is full of cranes for exciting new developments. As we all know land is minimal in London central so the only natural way to make more office space is too build up! The pro’s to having a vertical community in London is obvious, not having to walk outside in the often rainy city to get lunch, drop off your dry cleaning, or even to get your bike repaired is a very desirable idea to a lot of employees. 

There are already many ‘vertical communities’ successfully running in London, this can be seen in 1 Canada square in Canary wharf, Tower 42 in the City, and The Walkie Talkie also in the city. As this idea becomes more popular developers are getting more creative in the way they turn their building into a destination development, opposed to just an office block. Office towers now share there floors with sky gardens, restaurants, gyms, and many more retail outlets to make the building more attractive to incoming tenants. 

Teresa Beatty, a commercial surveyor at Morgan Pryce said “The list of amenities high end tenants want included in their office building far surpasses what use to be expected of office space. Having showers and bike storage is a requirement for more companies now a days.”  

This news was brought to you by Morgan Pryce, a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.