QOB Interiors Ready is currently doing the CAT B fit-out of seven floors in the Copyright Building to create the new headquarters for Capita.
The works comprise the coordination and installation of a fully integrated mechanical, electrical, data and audio visual scheme to provide a versatile environment for Capita’s operations
The largely open plan office space and feature staircase linking floors is a key focus of Capita and their collaborative way of working.
The 25-week programme is set for completion in May 2018.
Source: QOB qobinteriors.com
29/03/2018 15:45 by Buildington
Two out of three retail units at The Copyright Building are let or under offer.
Source: Interim Results 2017, Derwent London Plc. 10.8.2017
11/08/2017 07:23 by Buildington
Derwent London has just started to market the remaining 20,000 sq ft of retail and restaurant space at The Copyright Building.
The project remains on course for delivery in the second half of 2017.
The ERV of the building is £7.3m net, and the remaining capital expenditure is £24m.
Source: Derwent London Annual Results 2016 Preliminary Announcement derwentlondon.com 28.02.2017
28/02/2017 10:31 by Buildington
The Copyright Building has topped out!
A ceremony event hosted by Derwent London and Skanska saw over 120 people come together to congratulate the project team on completing the building’s main structure.
Located in the West End of London, The Copyright Building is a 9,950sqm commercial development designed by Piercy & Company. When complete, the scheme will provide retail space on the ground and lower ground floors and offices across seven floors featuring two roof terraces.
Speaking at the ceremony Skanska Managing Director Steve Holbrook said: “I’m extremely proud to be here today to celebrate this fantastic achievement. It’s been great to be involved in this distinctive development, a notable addition to our portfolio of office and retail schemes in the capital. I would like to thank everyone who has been involved in the project so far and wish the team continued success as the development continues through to completion.”
Director of Derwent London, Paul Williams, added: “This is a very exciting day for us, with The Copyright Building becoming a reality and taking its place as a new landmark building in Fitzrovia. We believe the building will provide a fantastic home for Capita with its high quality office space, expansive roof terraces with panoramic views across central London and comprehensive cycling and shower facilities.”
Topping out is a phrase used to describe the traditional celebration of the completion of the building's main structure. Dating back to pagan times, this ceremony is said to bring luck and prosperity on the occupants of the new structure. An evergreen tree is hoisted over the building, which is said to ward off evil spirits.
Works are due to be completed in autumn 2017.
18/11/2016 09:14 by Buildington
Strutt & Parker has advised Derwent London on the pre-letting of the office element of The Copyright Building on Berners Street to Capita Business Services Limited.
Capita has agreed to take 87,150 sq ft at a rent of £7.4m. This includes the ground floor reception of 1,500 sq ft and office floors one to seven. Capita will be taking a 20-year lease with no breaks at an average office rent of £86 per sq ft.
The Copyright Building, located in Fitzrovia, is immediately to the south of Fitzroy Place and opposite the Sanderson Hotel. In October 2014 Derwent London's scheme received planning consent and, shortly after, a new headlease was agreed with the freeholder taking the lease term to 127 years with a gearing of 12.5% of rents. The scheme commenced in January 2015 and is due to complete in H2 2017. In addition to the office space, there is 20,000 sq ft of A1/A3 retail.
John Burns, Chief Executive Officer of Derwent London, commented:
"The Copyright Building is an exciting and dynamic new development and we are delighted that Capita has chosen it as their new UK head office. Since its purchase in December 2012 we have gained planning consent, acquired an interest in a building that completed the site assembly, regeared the headlease, and maintained full occupation until we were ready to start on site."
Derwent London was represented by Deloitte Real Estate, Strutt & Parker and HMC and Capita acted on their own behalf.
28/02/2016 08:18 by Buildington
Derwent London has awarded Skanska a £45 million fixed-price contract to design and build a commercial development on Berners Street in Fitzrovia.
Designed by Piercy & Company, the 9,800m2 scheme will be a mixture of retail and offices. The ground floor will provide 1,850m2 of retail space. There will be 7,950m2 of fully fitted out category ‘A’ offices across seven floors with two floors of roof terraces.
Skanska Managing Director Paul Heather said: “We are delighted to have been awarded our first project for Derwent London, a developer which Skanska has wanted to work with for many years. We look forward to developing our working relationship through the successful delivery of the Copyright Building.”
Derwent London Head of Development Richard Baldwin said: “We are very pleased to have appointed Skanska as the main contractor on the Copyright Building. Together we will deliver a first class office and retail scheme in one of London’s most attractive areas.”
The scheme is targeting the BREEAM Excellent environmental standard, using sustainable approaches throughout the construction phase and installing solar panels on the building’s green roof.
To deliver this project, Skanska has put together a specialist in-house team to combine its skills in design, construction, mechanical and electrical engineering and ceiling installation. The team will install and commission chilled plasterboard ceilings, which are new to the UK, to all of the seven upper floors.
Works are expected to be completed in autumn 2017.
26/02/2016 08:34 by Buildington
The site of The Copyright Building, 25-33 Berners Street W1 is under demolition.
Source: First Quarter Business Update by Derwent London 7. May 2015 www.derwentlondon.com
07/05/2015 19:54 by Buildington
Work has commenced on 105,000 sq ft at The Copyright Building reports Derwent London plc in its Annual Results for 2014.
26/02/2015 22:24 by Buildington