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20 Fenchurch Street photo on Eastcheap

20 Fenchurch Street photo on Eastcheap

April 7, 2012
View to 20 Fenchurch Street from Eastcheap

View to 20 Fenchurch Street from Eastcheap

April 7, 2012
View to 20 Fenchurch Street from Eastcheap

View to 20 Fenchurch Street from Eastcheap

April 7, 2012
View to 20 Fenchurch Street from Eastcheap

View to 20 Fenchurch Street from Eastcheap

April 7, 2012
View to 20 Fenchurch Street from Philpot Lane

View to 20 Fenchurch Street from Philpot Lane

April 7, 2012
View to the construction of 20 Fenchurch Street from Philpot Lane

View to the construction of 20 Fenchurch Street from Philpot Lane

April 7, 2012
20 Fenchurch Street. Sometimes, the wrong way up is the right way up. The building with more up top.

20 Fenchurch Street. Sometimes, the wrong way up is the right way up. The building with more up top.

April 7, 2012
View from Fenchurch Street.

View from Fenchurch Street.

April 7, 2012
View to the construction from Fenchurch Street

View to the construction from Fenchurch Street

April 7, 2012
20 Fenchurch Street - The view belongs to everyone.

20 Fenchurch Street - The view belongs to everyone.

April 7, 2012
View to the city from south bank.

View to the city from south bank.

April 7, 2012
20 Fenchurch Street in July 2012

20 Fenchurch Street in July 2012

15 July 2012
20 Fenchurch Street in December 2012

20 Fenchurch Street in December 2012

16. December 2012
20 Fenchurch Street in December 2012

20 Fenchurch Street in December 2012

16. December 2012
20 Fenchurch Street in December 2012

20 Fenchurch Street in December 2012

16. December 2012
20 Fenchurch Street in December 2012

20 Fenchurch Street in December 2012

16. December 2012
20 Fenchurch Street construction site in December 2012

20 Fenchurch Street construction site in December 2012

16. December 2012
20 Fenchurch Street development in December 2012

20 Fenchurch Street development in December 2012

16. December 2012
20 Fenchurch Street development in December 2012

20 Fenchurch Street development in December 2012

16. December 2012
20 Fenchurch Street development in December 2012

20 Fenchurch Street development in December 2012

16. December 2012
20 Fenchurch Street development in December 2012

20 Fenchurch Street development in December 2012

16. December 2012
20 Fenchurch Street development in December 2012

20 Fenchurch Street development in December 2012

16. December 2012
The building with more on top. 20 Fenchurch Street development in December 2012.

The building with more on top. 20 Fenchurch Street development in December 2012.

16. December 2012
View to 20 Fenchurch Street from The Monument

View to 20 Fenchurch Street from The Monument

16. December 2012
20 Fenchurch Street in November 2013.

20 Fenchurch Street in November 2013.

12. November 2013
20 Fenchurch Street in November 2013.

20 Fenchurch Street in November 2013.

20 Fenchurch Street in November 2013.

20 Fenchurch Street in November 2013.

12. November 2013
20 Fenchurch Street in November 2013.

20 Fenchurch Street in November 2013.

12. November 2013
Considerate Constructors Scheme poster at 20 Fenchurch Street development site.

Considerate Constructors Scheme poster at 20 Fenchurch Street development site.

12. November 2013
Entrance to 20 Fenchurch Street.

Entrance to 20 Fenchurch Street.

July 14, 2014
20 Fenchurch Street in July 2014.

20 Fenchurch Street in July 2014.

July 14, 2014

20 Fenchurch Street

Address:
20 Fenchurch Street, London EC3M 3BY
Type:
Commercial
Completion:
2014
Area:
687,000 sq ft
Offices:
38
Viewed:
12836

Description of 20 Fenchurch Street

20 Fenchurch Street is a 38-storey 687,000 sq ft office building in the City of London.

The building designed by Rafael Vinoly is also known as the ‘Walkie-Talkie'.

Some facts:

- Construction of 20 Fenchurch Street, EC3 officially started on Tuesday 18 January 2011.

- The 525 ft, 38-storey, 690,000 sq ft building provides world class office space, with each floor offering 360° of unrivalled views.

- The floor plates range from 14,000 - 28,000 sq ft, providing both flexible high specification accommodation with the larger floor plates on the higher floors.

- The building got the nickname because of its shape, flaring outwards from a narrow base.

- topped by an impressive Skygarden.

Source: canarywharf.com

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News & Comments: (30)

Buildington
2015/09/07 23:21

Canary Wharf Group and Land Securities announced that they have let level 34 of 20 Fenchurch Street to Castleton Commodities International on a long-term lease, taking the building to 98% let. The global commodities merchant has leased the top office floor of the building.

Following the recent letting of level 31 to credit rating agency DBRS, just 15,000 sq ft of office space remains at 20 Fenchurch Street, on the third floor.

Magesh Nair, CCI’s Chief Operating Officer, said, “We’re pleased to have secured space at this marquee location for our new London headquarters. The building provides us with the operational resilience we require for our business, and is an optimal environment for our employees and visitors.”

Detlef Scholz, Head of Europe at DBRS, said; “We look forward to occupying this very impressive and at the same time efficient space, accommodating the growth of our business. We believe that this location will be well accepted by our analysts, but also appreciated by customers visiting us at our new offices.”

Kaela Fenn-Smith, Head of Commercial at Land Securities, said: “We’re incredibly pleased that CCI and DBRS have chosen to relocate their businesses to 20 Fenchurch Street. The building’s unrivalled views of the capital and enviable amenities have ensured its popularity with a diverse range of leading global companies. We look forward to welcoming both CCI and DBRS when they move in later this year.”

Richard Archer, Managing Director, Offices at Canary Wharf Group said: “We’re delighted to welcome two more businesses to 20 Fenchurch Street, taking this landmark building very close to being fully let. Castleton Commodities International and DBRS are representative of the kind of high quality companies already resident and will benefit from the building’s spacious floorplates and spectacular Sky Garden.”

Knight Frank and CBRE advised Land Securities and Canary Wharf Group. CBRE advised both CCI and DBRS.

Buildington
2015/07/08 23:12

20 Fenchurch Street office development has been confirmed as one of the most sustainable buildings in the City of London after achieving a BREEAM 2011 Excellent rating.

The development was given a post-construction score of 80.2% by the Assessors at BREEAM (Building Research Establishment Environmental Assessment Methodology), the world’s leading design and assessment method for sustainable buildings.

Joint developers Canary Wharf Group and Land Securities set out to ensure the 38-storey tower, known as ‘The Walkie Talkie’ was one of the most sustainable buildings of its type in London, and have deployed a number of innovative measures throughout the design, construction and operational phases.

These include:

- Themographic surveys: using the same technology as fire and rescue search teams, the thermal conductivity of the entire façade was checked and found to conform with exacting heat loss performance standards.

- UK’s largest green wall: providing a much-needed plant and insect ecosystem, an important habitat for nesting birds, and valuable green infrastructure.

- Low zero carbon (LTC) technologies: roof mounted solar PV (photo voltaic) panels are predicted to generate 27,300kWh of electricity per year.

- Certified Sustainable Sourced concrete and structural steelwork: all certified as Sustainably Sourced in accordance with the BRE Global Standard BES 6001 Responsible Sourcing of Construction Products.

- FSC certified timber: one of only 80 projects globally and 44 in the UK that have achieved this certification which recognises the incorporation of wood products from responsibly managed forests that provide environmental, social and economic benefits. 20 Fenchurch Street was a FSC Full Project for the shell, core and full fit-out of the Sky Garden and restaurants, common areas, the pocket park, annex building and levels 14, 15, 16, 17, 35, 36, 37.

- Recycling construction waste:4% of all construction waste was diverted from landfill and either reused, recycled or recovered through a variety of onsite and offsite resource management processes. For example, all excavated material was reclassified under the CLARE Code of Practice and was sent for use as fill material in an offsite land reclamation project. Unwanted timber pallets and packaging was re-used by an exporter of military memorabilia.

- Noise and air quality monitoring: real time noise and dust monitoring stations were established during the construction process which were used to help the site team monitor and maintain noise and air quality within acceptable thresholds. The data was used to help inform a pioneering report on construction air quality within the City of London, in conjunction with City of London and Southbank University.

- Additionally, 20 Fenchurch Street boasts the first hydrogen fuel cell to be installed in a commercial building in the City of London. The fuel cell, which will be switched on later this summer, produces heating cooling and electricity, generating 300kW of low carbon, low emissions electricity, reducing the building’s carbon dioxide emissions by at least 270 tonnes per annum.

Martin Gettings, Group Sustainability Manager at Canary Wharf Contractors, said: “Our total project approach to ‘making sustainability real’ has resulted in one of the most sustainable buildings of its type in central London. The team can be justly proud of this achievement and the effort made to reach these milestones.”

Caroline Hill, Head of Sustainability (Energy & Environment) at Land Securities, said: “We’re delighted that 20 Fenchurch Street has achieved a BREEAM Excellent rating. Together with our joint venture partners, Canary Wharf Group, we’ve worked hard to find innovative ways to enhance the building’s sustainability credentials, and we’re proud that the finished product is having as positive an impact on the environment as it is on our office customers and visitors to the Sky Garden.”

The office space at 20 Fenchurch Street is nearly fully let while the Sky Garden opened to the public for free in January.

Buildington
2015/05/14 09:21

Canary Wharf Contractors Ltd (CWCL) has received certification by the Forest Stewardship Council (FSC) for 20 Fenchurch Street, one of only 80 projects globally to receive this accolade.

The project is Full Project FSC Certified in accordance with FSC Standard 40-006 for all temporary and permanent timber. This certification underpins the extent of the Group’s commitment to sustainably sourced timber and we are hopeful that a number of our other projects will also achieve the certification later this year.

Cormac Mac Crann, Executive Director of CWCL said: “We are extremely proud of the recent recognition we have received across a number of our projects. It’s not just about box ticking and crossing our fingers, it takes a tremendous amount of effort and perseverance to get these kinds of accolades. Our sites and the communities around them are safer, better places as a result of our intense participation and engagement. Congratulations to the teams who strive constantly to run our sites with care and consideration for our staff, our work force, local communities and the environment.”

Situated in the heart of the City of London, the construction of 20 Fenchurch Street, a joint venture project by Canary Wharf Group and Land Securities, posed specific construction challenges to which CWC rose by focusing on local employment and training opportunities. Among these was a job brokerage scheme providing extensive work experience placements and resulting in several offers of full-time employment and an on-site hire shop which was set up for both the workforce and public providing a large variety of classroom and site-based training courses. Suppliers and businesses in the locality benefited significantly from the procurement strategy.

These initiatives were supported by active community support including five-a-side football matches and a London to Brighton bike ride in aid of local charities. Labour and materials were donated to the nearby church, while further voluntary work was provided to Stoke Mandeville Hospital. The CCS described 20 Fenchurch Street as “an exemplary project” from start to finish due to the “all round exceptional considerate performance”.

Buildington
2015/01/15 14:30

20 Fenchurch Street Sky Garden was officially opened on the 12th of January 2015, making access to uninterrupted views of London available to all.

The space is operated by acclaimed food and drink group Rhubarb and hosts public viewing terraces, innovative botanic spaces, a café/bar and two restaurants.

Visitors are already flocking to the garden and the public viewing terraces are proving extremely popular. Ensuring anybody can enjoy the space’s unrivalled views of the capital free of charge was integral to our plans for the building from the outset. This is an unprecedented move amongst tower owners, and we are proud to have created this sought-after City amenity.

The Lord Mayor of the City of London, Alderman Alan Yarrow, Robert Noel and Sir George Iacobescu were at the opening to plant the final addition to the garden, a Malaysian Loquat Eriobotrya tree. The Lord Mayor was born in Malaysia and previously worked at the site where 20 Fenchurch Street is now, so it was particularly appropriate for him to officially declare the Sky Garden open. The event marks the completion of a building which has achieved remarkable success in terms of return on investment and tenant satisfaction, and is leading the field when it comes to sustainability.

Land Securities' commitment to green architecture at 20 Fenchurch Street extends far beyond the exotic flora growing in the Sky Garden – promoting biodiversity and reducing the building’s impact on the environment has been crucial to them from day one.

Among initiatives put in place to achieve this was the installation of a hydrogen fuel-cell, which is forecast to reduce the development’s CO2 emissions by 6.6%. This is the first time the technology has been introduced to the City, having originally been developed for space missions! In addition, roof mounted photovoltaics will provide the building with 27,300 KWh a year.

20 Fenchurch Street is rated BREEAM excellent and hosts one of the UK’s largest green walls which, alongside the Sky Garden, is helping to promote much needed urban biodiversity. One of the occupiers, Stuart Blakeborough of Lancashire Insurance Group, summed it up perfectly when he said, “this takes green architecture to a new level.”

Office space at the building has been exceptionally popular with tenants, most of whom have now moved in, as they enjoy a combination of efficiency, technical resilience and breath-taking 360 degree views of the capital.

‘Walkie Talkie’, the public’s affectionate nickname for the development, is testament to its character. This City newcomer is another striking addition to the fascinating mix of old and new architecture found within the historic Square Mile.

For more information about the Sky Garden, and to book a visit http://skygarden.london.

Buildington
2015/01/05 11:42

Visitors can see the Sky Garden at 20 Fenchurch Street from 06.01.2014 if they’re dining at one of its 3 restaurants - the Fenchurch Seafood Bar and Grill, Darwin Brasserie or Sky Pod Bar, reports City A.M.

If you are planning a visit without the meal and for free, the garden is open from 10am-6pm on a weekdays and 10am-10pm at the weekend.

Booking is open now for visits beginning on 12 January and must be made at least 3 days in advance (and up to 3 months in advance).

Book your visit at http://skygarden.london

Source: City A.M. www.cityam.com

Buildington
2014/11/11 19:23

20 Fenchurch Street is currently 90% let with average rent £64 psf and average lease term of 17 years. The Sky Garden opens in Jan 2015.

- Land Securities Half-yearly results for the six months ended 30 September 2014 www.landsecurities.com 11.11.2014

Buildington
2014/09/26 16:18

20 Fenchurch Street is now 90% let after a deal with Vinson and Elkins RLLP to take the 24th floor of the building.

The law firm is the latest tenant, taking 24,000 sq ft on a 20 year lease.

Following completion of the office floors in April, the first tenants moved into 20 Fenchurch Street in May, with an estimated 1,700 staff now working in the building, which is the most successful speculative tower ever built in London. Vinson & Elkins will be the second legal firm to take space at the building, joining a number of insurance and financial services firms.

Joint developers Canary Wharf Group plc (“Canary Wharf Group”) and Land Securities Group plc (“Land Securities”) have confirmed that the Sky Garden – a landscaped garden space with restaurants and viewing terraces on levels 35, 36 and 37 – is due to complete by the end of the year.

The Sky Garden will be operated by rhubarb and, when it opens to the public in January, will comprise viewing terraces, two restaurants, a café bar and four dedicated event spaces.

Richard Archer, Head of Leasing at Canary Wharf Group, commented: “We’re delighted that 20 Fenchurch Street continues to be so popular with tenants and to have such momentum as we come to lease the final few floors is fantastic. We look forward to Vinson and Elkins moving into this exceptional building.”

Kaela Fenn-Smith, Head of Commercial at Land Securities, added: “20 Fenchurch Street was designed for the modern needs of occupiers today, and we believe that’s why we’re continuing to attract a diverse and world-class mix of businesses. We welcome Vinson and Elkins to the building and we’re thrilled to have a global law firm of this caliber coming to 20 Fenchurch Street.”

Alex Msimang, London Office Managing Partner at Vinson & Elkins, explained: "As a firm we have been in London for more than 40 years and 20 Fenchurch Street will be the ideal London base for us for many years to come. In all our locations we strive to provide an outstanding environment and state of the art facilities for our people and our clients, and this exceptional building enables us to continue to do that in London."

Canary Wharf Group and Land Securities were advised by Knight Frank and CBRE. Vinson & Elkins were advised by Savills.

Source: Land Securities www.landsecurities.com

Buildington
2014/07/19 10:17

20 Fenchurch Street is currently 87% let with a further 3% in solicitors’ hands.

Source: 2014 First Quarter Interim Management Statement, Land Securities.

Buildington
2014/05/15 12:12

"20 Fenchurch Street, one of our most financially successful developments yet, has so far delivered a valuation surplus of £137.2m. The combination of location, timing, form and function mean the building is now 87% let with an average lease length of 17 years. The solar glare issue last summer illustrates the risk associated with development but we now have planning permission for an external solution which we will commence fitting this month."

- Land Securities Financial results for the year ended 31 March 2014 www.landsecurities.com

Buildington
2014/05/02 14:35

20 Fenchurch Street, EC3 has secured a further two tenants, taking the building to 87% let, with the office floors now complete as scheduled.

Insurance firm CNA and top 20 UK law firm DWF LLP (“DWF”) are the latest addition to the tenant lineup and are taking 35,000 sq ft and 43,000 sq ft respectively at the 38-storey building.

The latest two lettings come after joint developers Canary Wharf Group plc (“Canary Wharf Group”) and Land Securities Group plc (“Land Securities”) achieved the building’s first completion milestone on 17 March, when they handed over possession of the first completed office floors to tenants. The remaining office floors were completed as planned in April.

The Sky Garden – a landscaped garden, dining and viewing area on the top three floors, which will be operated by rhubarb – remains on schedule for completion before the end of the year.

CNA identified the building as ideal for the co-location of the London offices of it’s group companies, CNA Insurance Company Ltd (“CNA Europe”) and Hardy (Underwriting Agencies) Limited (“Hardy”), due to its proximity to Lloyd’s of London and both companies’ current locations, as well as the building amenities.

Richard Archer, Head of Leasing at Canary Wharf Group commented: “We look forward to welcoming CNA Europe, Hardy and law firm DWF to 20 Fenchurch Street and are pleased that the building continues to attract a range of businesses looking for exceptional space in the City.”

Andrew Leaitherland, Managing Partner at DWF said: “20 Fenchurch Street offers exactly the flexibility and efficiencies we are looking for in a new office building and will support growth in our three primary sectors of real estate, insurance and financial services. We’re incredibly excited to be making the move.”

Kaela Fenn-Smith, Head of Leasing at Land Securities, added: “CNA and DWF’s decision to take space is another success story for 20 Fenchurch Street. We’ve remained true to the building’s principles of offering businesses much-needed flexible space in the City and the fact it was 87% let ahead of completion is testament both to its design and our approach.”

The first tenants are expected to move into 20 Fenchurch Street this month. DWF, CNA Europe and Hardy will join a strong tenant line-up of Ascot, Jane Street, Lancashire, Vanquis, Markel, Liberty Syndicates, Liberty Mutual, AWAC, RSA and Kiln.

Canary Wharf Group and Land Securities were advised by CBRE and Knight Frank.

Source: Land Securities

Buildington
2014/03/28 13:45

The development remains on schedule to achieve practical completion for tenant fitout in April 2014, with the first tenant due to move in shortly afterwards.

A solar glare issue was identified in the third quarter of 2013. A solution has been identified and was submitted to the planning authority in February 2014. The joint venture expects that this will be installed during 2014 and completed within the overall budget for the development.

The building is currently 87.0% prelet or under offer. The joint venture has now set up the property management team, ready to take over the building on completion.

Source: Canary Wharf Group - Financial Statement of the Group for the year ended 31 December 2013, www.canarywharf.com

Buildington
2014/01/22 12:28

20 Fenchurch Street is now 64% pre-let with a further 23% in solicitors’ hands. A planning application for the solution to the solar glare issue will be submitted next month. Just 42,700 sq ft of space remains available and handover of the pre-let office floors is on schedule for April.

Source: Land Securities Third Quarter Interim Management Statement 22. January 2014 www.landsecurities.com

Buildington
2014/01/14 12:10

Law firm DWF is moving to 20 Fenchurch Street and will take ca 40,000 sq ft in the new building. Their current offices are at 85 King William Street.

Source: The Lawyer www.thelawyer.com 13. January 2014

Buildington
2013/11/16 20:22

New photos!

Buildington
2013/08/15 14:08

Canary Wharf Group and Land Securities Group have finalised terms with Markel International, the specialist insurer, on a further pre-let at 20 Fenchurch Street, EC3.

Markel has taken an additional 24,465 sq ft on the 25th floor on a 20 year term at a rent of £65 per sq ft. The company agreed last year to take the 26th and 27th floors of the building, and plans to move into the building around the fourth quarter of 2014.

20 Fenchurch Street is now 56% pre-let, nine months ahead of practical completion and the development is on time and on budget. This latest letting reflects continuing demand for flexible and efficient buildings in the City of London.

Commenting on the decision to increase its space at the building, William Stovin, President and Chief Operating Officer of Markel International, said: “With the completion of our acquisition of Alterra our needs have expanded and we are delighted to have been in a position to take on additional space at 20 Fenchurch Street to bring all our colleagues together in one exceptional location"

Richard Archer, Head of Leasing at Canary Wharf Group said: “We take pride in providing bespoke, efficient and flexible space in our buildings and are delighted to have been able to provide Markel with additional space in 20 Fenchurch Street to reflect its additional needs.”

Colette O’Shea, Land Securities’ London Portfolio Head of Development, said: “Markel’s decision to extend its space is a strong endorsement of 20 Fenchurch Street’s design and efficiency and the building’s unique appeal to occupiers.”

Markel was advised by Jones Lang LaSalle and Canary Wharf Group and Land Securities were advised by CBRE and Knight Frank.

Source: Land Securities

Buildington
2013/07/17 09:34

20 Fenchurch Street is currently 52% pre-let with a further 4% in solicitors’ hands with an increased level of interest from potential occupiers.

Source: Land Securities First Quarter Interim Management Statement www.landsecurities.com 17.07.2013

Buildington
2013/03/23 22:46

The Canary Wharf Group has now prelet over 350,000 sq ft in this building to 7 different tenants, including prelets secured since the year end. These lettings are equivalent to 53.0% of the space in the building. The Group looks forward to announcing more prelets at this new addition to the London sky-line which will be completed in April 2014.

Source: Financial Statement of Canary Wharf Group PLC for the year ended 31 December 2012.

Buildington
2013/03/13 11:55

"With more than a year to go before completion, 20 Fenchurch Street is already over 50% let with recent lettings including Liberty Syndicates, Liberty Mutual Insurance, Ascot, Markel International and Tokio Marine Kiln. The building will be completed in the first half of 2014." - Canary Wharf Group, MIPIM international real estate fair in Cannes 12. March 2013.

Buildington
2013/02/25 11:52

20 Fenchurch development is now over 50% let!

The joint venture developing 20 Fenchurch Street, comprising Land Securities Group PLC (‘Land Securities’) and Canary Wharf Group plc (‘Canary Wharf Group’) announces that Liberty Syndicate Management Ltd (Liberty Syndicates) and Liberty Mutual Insurance Europe Limited (Liberty Mutual Insurance Europe) have together agreed to take 117,336 sq ft at 20 Fenchurch Street. Following the letting, 53% of the building’s office space is let, which equates to 51% by income.

Liberty Syndicates and Liberty Mutual Insurance Europe are two subsidiaries of Liberty Mutual Insurance, a global insurance business headquartered in Boston. In total, Liberty Syndicates will occupy floors 21-23 comprising 66,321 sq ft while Liberty Mutual Insurance Europe will occupy floors 10-12 comprising 51,015 sq ft. The letting follows the announcement of RSA’s agreement in January 2013 to lease and consolidate its existing London premises and relocate to 20 Fenchurch Street.

Kaela Fenn-Smith, Head of Leasing at Land Securities said:

“We continue to see strong interest at 20 Fenchurch Street with over a year to go until completion. Occupiers continue to be drawn to the scheme attracted by the modern and efficient space in the right location.”

Richard Archer, Head of Leasing at Canary Wharf Group said:

”Our design and construction team are doing a superb job delivering the most technologically advanced building under construction in London today. Our investment in this building has enabled us to secure six high profile tenants to date.”

Nick Metcalf, President and Managing Director of Liberty Syndicates said:

“We are delighted to be able to consolidate our London offices. 20 Fenchurch Street is an iconic building and still enables us to be close to Lloyd’s and our brokers and clients.”

Sean Rocks, President and Managing Director of Liberty Mutual Insurance Europe said:

“As a key player within the London insurance market, having a base in a well-located, modern and sustainable working environment is a critical factor in the successful operation of our business. The proximity of 20 Fenchurch Street to our broker partners plus the scope it offers for efficient and flexible working, represent an ideal opportunity for us.”

Canary Wharf Group and Land Securities were advised by CBRE and Knight Frank.

Source: Land Securities

Buildington
2013/01/23 11:16

29,400 sq ft of 20 Fenchurch Street has been let to Ascot Underwriting Limited and 76,000 sq ft to Royal Sun Alliance. The scheme is now 34% pre-let with a further 18% in solicitors’ hands.

Source: Land Securities Third Quarter Interim Management Statement landsecurities.com

Buildington
2012/12/16 21:51

View to the development from The Monument and more new photos!

Buildington
2012/11/08 16:30

Land Securities Group PLC (‘Land Securities’) and Canary Wharf Group plc (‘Canary Wharf Group’) have finalised terms with Lloyd’s Syndicate Ascot Underwriting Ltd. (‘Ascot’), on a pre-let in 20 Fenchurch Street, EC3, which is set to become one of London’s landmark buildings.

Ascot has taken 29,429 sq ft on the 33rd floor. Following signings with Markel International and Tokio Marine Kiln earlier this year, 20 Fenchurch Street is now 23% pre-let, with a further 11% in solicitors’ hands.

The deal has been concluded approximately 18 months ahead of the building’s expected completion in April 2014. The pre-let reflects continuing demand from companies buoyed by the insurance sector and associated businesses for flexible and efficient buildings which offer Grade A office infrastructure and communication technologies. Land Securities and Canary Wharf Group embarked on building 20 Fenchurch Street with the supply-constrained 2014 market in mind, since more and more leases are expected to expire across London over the coming years.

20 Fenchurch Street is specifically designed to facilitate the very latest in efficient space planning, driving down occupational costs whilst still providing outstanding modern offices with panoramic 360° views of the capital. The innovative design, created by leading architect Rafael Viñoly, is attractive to potential occupiers as it flares outward from its base, meaning that the larger floorplates are found at the higher storeys. When complete, the 525ft tall, 690,000 sq ft building will offer 38 storeys of high quality space.

Andrew Brooks, CEO of Ascot said: “We are delighted to have secured the 33rd floor of 20 Fenchurch Street, with the help of Savills and the development team. This iconic new building is a perfect fit for Ascot’s dynamic, entrepreneurial approach to our business and our new office will accommodate and complement our business as it continues to grow.”

Richard Archer, Head of Leasing at Canary Wharf Group said: “The completion of yet another pre-let around 18 months ahead of completion is testament to both how well-timed and well-designed 20 Fenchurch Street is as a development. Ascot can look forward to world class flexible office space in what will become one of London’s most distinctive and visually appealing buildings.”

Kaela Fenn-Smith, Land Securities’ London Portfolio Head of Leasing, added: “We’re delighted to welcome Ascot to 20 Fenchurch Street, where they’ll benefit from its first class design and construction. 20 Fenchurch Street is built with occupiers of the future in mind, so we’re pleased that this pre-let, and continued interest in a significant amount of further space, demonstrates the growing demand for Grade A office space in EC3.”

Savills advised Ascot; Knight Frank and CBRE advised Canary Wharf Group and Land Securities.

Source: Land Securities

Buildington
2012/09/14 11:50

Land Securities Group PLC (‘Land Securities’) and Canary Wharf Group plc (‘Canary Wharf Group’) have exchanged contracts on the second pre-let at 20 Fenchurch Street, EC3, bringing the office space to 19% pre-let, with a further 5% in solicitors’ hands.

Land Securities Group PLC (‘Land Securities’) and Canary Wharf Group plc (‘Canary Wharf Group’) have exchanged contracts on the second pre-let at 20 Fenchurch Street, EC3, bringing the office space to 19% pre-let, with a further 5% in solicitors’ hands.

Kiln Group Limited, the international specialist insurance and reinsurance underwriting group, has taken 78,000 sq ft. This letting follows insurer Markel International’s decision in June to take 51,000 sq ft on levels 26 and 27 at 20 Fenchurch Street as its new London headquarters.

When complete, the 525ft tall, 690,000 sq ft building will offer 37 storeys of top-quality, efficient and flexible office space to a supply-constrained London market. The building’s design spectacularly flares outwards from a narrow base, uniquely offering larger floorplates and spectacular 360 degree views higher up the building.

Colette O’Shea, Head of Development at Land Securities said: “This is good progress for 20 Fenchurch Street approximately 20 months before completion, and further testament to the building’s attractive, intelligent and efficient design.”

Richard Archer, Head of Leasing at Canary Wharf Group added: ”20 Fenchurch Street is located in the heart of the City’s vibrant insurance sector. We are very pleased to have secured another top-quality insurance sector tenant well ahead of completion. Construction is progressing nicely and we look forward to delivering 20 Fenchurch Street on time and within budget in early 2014.”

Newton Perkins advised Kiln; Knight Frank and CBRE advised Canary Wharf Group and Land Securities.

Source: Land Securities

Buildington
2012/07/18 23:29

New photo!

Buildington
2012/07/08 14:04

A further 11% is in solicitors’ hands which, combined with the pre-let of 51,000 sq ft to Markel International, takes the percentage pre-let or in solicitors’ hands to 19%.

Source: Land Securities

Buildington
2012/06/18 23:54

Land Securities Group PLC (‘Land Securities’) and Canary Wharf Group plc ( ‘Canary Wharf Group’) have finalised terms with Markel International (‘Markel’), on the first pre-let in 20 Fenchurch Street, EC3 which is set to become one of London’s landmark buildings.

Markel has taken 51,000 sq ft across the 26 and 27th floors on a 20 year term at a rent of £65 per sq ft - two years ahead of the building’s completion. Markel plans to move into the building around the fourth quarter of 2014 – when few other developments in London are expected to be delivered.

20 Fenchurch Street is specifically designed to facilitate the very latest in efficient space planning which will allow Markel to drive down occupational costs whilst still providing outstanding modern offices close to the Lloyd’s insurance market. This pre-let reflects continuing demand from businesses buoyed by the insurance sector for flexible and efficient buildings which offer Grade A office infrastructure and communication technologies in EC3.

Commenting on the move, William Stovin, President and Chief Operating Officer of Markel International, said: “We have been at our current address for 11 years and now have the opportunity to upgrade to one of the best developments in the City. We are delighted that we have been able to agree terms for such a prestigious building which will provide us with the perfect headquarters for our continued growth both in the UK and overseas."

Richard Archer, Head of Leasing at Canary Wharf Group said: “The conclusion of this pre-let two years ahead of completion is a strong endorsement of the design and efficiency of our development at 20 Fenchurch Street. Each floor offers world class flexible office space with most of the floors benefitting from panoramic views of London due to the unique location outside the City cluster of tower buildings.

Colette O’Shea, Land Securities’ London Portfolio Head of Development, added: “We’re incredibly excited to welcome Markel into its new London office and are pleased to see our building is creating the right environment to meet all of their occupational needs.”

Markel were advised by Jones Lang La Salle and Canary Wharf Group and Land Securities by Knight Frank and CBRE.

Buildington
2012/04/10 14:50

The view belongs to everyone.

New photos!

Buildington
2011/09/15 19:45

Land Securities has brought together partners in the public and private sectors to ring-fence jobs and offer training opportunities in construction at new developments across its £5.27 billion London property portfolio.

In the first instance, Land Securities will set aside 100 job opportunities, 60 National Vocational Qualifications [NVQs], and five full time apprenticeships at the new 525ft tall tower being built at 20 Fenchurch Street, a partnership with Canary Wharf Group Plc, supported by the City of London Corporation.

Source: Land Securities

Buildington
2011/09/09 00:18

The concrete contract for the 20 Fenchurch Street office development in the City of London, dubbed the ‘Walkie Talkie’, has been awarded to P.C. Harrington Contractors Limited.

In a fillip for the local economy, the Southall-based company was awarded the contract by Canary Wharf Group plc (Canary Wharf Group) to pour the concrete for the substructure of one of London’s landmark new office buildings. The terms of the contract were not disclosed.

Starting this month, P.C. Harrington will pour 28,000 cubic metres of concrete into the building’s foundations, equivalent to 11 Olympic-sized swimming pools, supported by 6,000 tonnes of steel reinforcements sourced from Nottingham steel works. The largest single pour is around 2,300 cubic metres.
As announced in October 2010, 20 Fenchurch Street is being jointly developed by Land Securities and Canary Wharf Group, with the latter acting as construction manager. Completion to ground floor is planned for February 2012 and final completion is anticipated in 2014.

Approximately 165 people, including three apprentices, will work for P.C. Harrington on the concrete works. The entire project is supporting around 3,000 jobs throughout construction.

Cormac MacCrann, Executive Director of Canary Wharf Contractors Limited said “20 Fenchurch Street has come a long way in a short space of time. Since construction began in January we have put in over 300 piles, finished the excavation, installed cranes and we’re rapidly preparing for the first of the concrete pours.”

“We are doing our bit for the economy by sourcing locally where possible and it is great to welcome P.C. Harrington onto the team. 20 Fenchurch Street will ultimately help London retain its reputation as the best place in the world to locate a business.”
The UK’s construction output grew by 0.5% in the second quarter of 2011, according to Office of National Statistics figures. Construction makes up about 6% of the British economy.

Canary Wharf Group-led economic development schemes such as East London Business Place have placed over £700m in contracts with small and medium-sized local suppliers since 1997.

Source: canarywharf.com 31.08.2011

Buildington
2011/05/13 11:32

City of London’s Planning Committee approves recommendation to acquire interest at 20 Fenchurch Street under s227 of the Town and Country Planning Act

The City of London Corporation's Planning and Transportation Committee today approved a recommendation allowing the City to consider acquiring an interest in land under section 227 of the Town and Country Planning Act in order to engage section 237 powers so that developments can proceed where they could otherwise be prevented by injunctions prohibiting infringements of rights of light.

The Committee went on to use these powers to allow the City of London to acquire an interest in the development at 20 Fenchurch Street.

A City of London spokesperson commented;

"The City of London has a long standing planning policy of promoting development in order to maintain the supply of - and to match the demand for - high quality office space in the Square Mile.

"The Heaney case has cast doubt upon the basis to which rights of lights issues are to be resolved and represents a significant obstacle to future developments both in the city and indeed throughout the country.

"The Planning and Transportation Committee’s decision to agree to the use of powers under S237 ensures that developments deemed to promote economic development and other public benefits in the City - of which 20 Fenchurch Street is certainly one - can proceed without running the risk of injunctions being applied with regards to rights of light."

The decision is subject to the concurrence of the Policy and Resources Committee which is due to meet on Thursday 12 May and the Court of Common Council which is due to meet on Thursday 9 June.

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