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Gresham St Paul’s development

Gresham St Paul’s development

5.03.2019

Gresham St Paul’s

Address:
31-45 Gresham Street, London EC2V 7QA
Type:
Commercial
Completion:
Autumn 2020
Area:
170,000 sq ft
Offices:
1
Viewed:
660

Description of Gresham St Paul’s

Gresham St Paul’s is an office development in the City of London EC2.

The development includes a WiredScore Platinum rating, café, reception and business lounge, 254 bike and locker spaces with changing and shower facilities.

Targeting BREEAM Excellent sustainability rating.

Gresham St Paul’s at 40 Gresham Street in the City of London will have approximately 170,000 sq. ft. of prime office space over 9 floors, with large terraces on the top three floors, at the heart of the financial centre and close to St Paul’s Cathedral and other prominent cultural landmarks.

The design is focused on creating a sustainable building for the future by reusing the existing structure. Wilkinson Eyre is looking to maximise natural light through use of the latest glazing technology, and increase fresh air supply to offer a light and air-filled state-of-the-art working environment. To help cater to modern working practises and promote personal well-being, the ground floor has been designed to provide occupiers with a range of amenities, including a café and business lounge. These will help promote creativity and collaboration amongst occupiers by offering a space to recharge, interact and seek inspiration away from the desk.

The technical specifications of Gresham St Paul’s are second to none, with a WiredScore Platinum rating, Wi-Fi enabled café, reception and business lounge, 254 bike and locker spaces with generous changing and shower facilities, and it is targeting a BREEAM Excellent sustainability rating.

The area around Gresham St Paul’s offers round-the-clock amenities to suit every lifestyle from speciality coffee and craft beer pubs to sophisticated restaurants and bars, as well as innovative health and fitness centres located nearby. The design responds to the changing environment and mix of occupiers in the City, which remains the Global Banking and Finance epicentre but is now also home to one-in-twelve tech, media and telecoms businesses, and a young workforce with 61% aged between 22 and 39.

History

Redevelopment of Garrard House, the former Schroders' offices, built in the late 1990s.

2019 March - Office building is launched.

2018 - Planning permission granted for: External alterations comprising (infilling of central bay and inset corners, works to facade), extension to existing office building at levels 7 and 8 (2687sq.m), change of use at ground floor level from office (Class B1) use to retail (Class A1) use (378sq.m), the creation of ancillary cycle parking and shower facilities at basement level. City of London 17/00585/FULMAJ.

Connected Companies

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Commercial Leasing:
Owner:

News: (2)

New Letting

The financial and professional services firm Smith & Williamson has agreed to move its London headquarters to the ground to fifth floors, at Gresham St Paul’s.

Smith & Williamson will be relocating from their existing offices at 10 and 25 Moorgate in the City of London to the new high quality office space, which has a practical completion date of Q3 2020.

Bardo Magel, AFIAA Head of Asset Management International, commented: “The early letting to Smith and Williamson underpins AFIAA’s strong belief in London as Europe’s leading financial centre and rewards AFIAA’s trust in London’s real estate and leasing market, strong economy and professional business partners.

“By redeveloping Gresham St Pauls, AFIAA is offering top premises to top corporate tenants and providing outstanding long term added value to its investors.”

Kevin Darvishi, Leasing Director at Stanhope, added: “We look forward to welcoming Smith & Williamson to Gresham St Paul’s, a sustainable development which will provide a light and air-filled state-of-the art working environment.

“The fantastic facilities within the building, including the Wi-Fi enabled café, reception and business lounge on the ground floor, will provide an enhanced occupier experience and further bolster the City of London’s reputation as a global centre.”

David Cobb and Kevin Stopps, Co-Chief Executives at Smith & Williamson, said: “This is great news for Smith & Williamson and is a significant milestone for our business that aligns fully with our longterm growth ambitions.”

“The decision to relocate in London is one we have considered extremely carefully but, after a rigorous assessment and having given careful consideration to the needs of both our people and our clients, our Board is confident it is the right one for Smith & Williamson.”

“Our new home on Gresham Street will provide a first-class experience for our clients and our people alike and ensures we will all benefit from a modern, sustainable working environment in the heart of the City of London for many years to come.”

Gresham St Paul’s at 40 Gresham Street in the City of London includes approximately 170,000 sq. ft. of prime office space over nine floors, with large terraces on the top three floors. Targeting a BREEAM Excellent sustainability rating, the design, by Stirling Prize winning architects Wilkinson Eyre, has focused on creating a sustainable building for the future by reusing the existing structure.

Gresham St Paul’s is the first development project AFIAA has partnered with Stanhope on - Stanhope were the developers of the original building on the site. Construction commenced in March 2019 at the former headquarters of Schroders to modernise and upgrade the building for occupancy by the autumn of 2020 with 2 retail units and a café open to the public on the ground floor.

Cushman & Wakefield are acting as leasing agents for the building.

08/05/2019 16:04 by Buildington

The Swiss Investment Foundation AFIAA and Stanhope launched the new office building Gresham St Paul’s last week.

Kevin Darvishi, Leasing Director at Stanhope, commented: “The sustainable redevelopment of Gresham St Paul’s will provide a host of amenities on the ground floor, light-filled working spaces that improve business performance and amazing views from the three new terraces of St Paul’s Cathedral.”

Gresham St Paul’s is the first development project AFIAA has partnered with Stanhope on, who were the developers of the original building on the site.

Construction is due to commence in March 2019 at the former headquarters of Schroders to modernise and upgrade the building for occupancy by the autumn of 2020 with 2 retail units and a café open to the public on the ground floor.

AFIAA Head of Asset Management International Bardo Magel said: “We believe in London as one of the world`s and as Europe`s most important and dynamic City for financial and young media/tech industry. By redeveloping Gresham St Pauls AFIAA offers top premises to top corporate tenants and provides outstanding long term added value to its investors.”

11/03/2019 17:52 by Buildington

*DISCLAIMER! Information on this page is for guidance only and remains subject to change. Buildington does not sell or let this property. For more information about this property please register your interest on the original website or get in touch with the Connected Companies.

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