“Walkie Talkie” Office Space Nearly Full
The ΓÇ£Walkie TalkieΓÇ¥ tower ΓÇô a landmark development which will be located in the heart of the City and provide retail and office space ΓÇô will be fully let ΓÇ£within monthsΓÇ¥ according to its developer Land Securities.
This development ΓÇô real name One New Change and located at 20 Fenchurch Street in the City of London ΓÇô was revived after a joint venture partnership was established with the Canary Wharf Group, paving the way for the ┬ú540 million scheme to become a reality.
It would seem, given that nearly three quarters of the developments office space has already been taken or is under offer, that the decision to bring One New Change in from the cold was well timed ΓÇô with the supply of grade ΓÇÿAΓÇÖ office space throughout Central London becoming increasingly limited due to the lull in office space developments caused by the worldwide financial crisis which began to take hold in 2008.
Major tenants to the schemes office space reportedly include Chicago Mercantile (trading), Japanese Mizuho (banking) and insurer Friends Provident ΓÇô who will locate their new headquarters with the Fenchurch Street offices.
ΓÇ£We are delighted to be able to apply our extensive high rise experience to such an iconic development.ΓÇ¥ stated George Iacobescu, CEO of the Canary Wharf Group.
ΓÇ£We look forward to working alongside Land Securities on this exciting project, which will be yet another step forward for LondonΓÇÖs economy.ΓÇ¥
The retail space available at the site has also secured some notable names, with Hugo Boss and Banana Republic set to fill some of 22,950 sq. ft. provided by One New Change.
Due for completion in 2014, construction began on the 37-storey, 160 metre tall building yesterday (18th January 2011) and looks set to make a big impact to both London office space market and its skyline.