October 3, 2014
An end to ‘Whitehall Palaces’ as UK government publishes new estates strategy
The UK Government has published an update to its Estates Strategy which it claims will build on its successes of the past four years and spell the end for ‘Whitehall Palaces’. The Government Estates Strategy sets out how the administration plans to make the most efficient and cost-effective use of its property. The first strategy document was published in 2013, but the Government had already by then been looking at ways to downsize and improve the operations of its estate. The new document claims to ‘reflect good progress so far and expands on the scope of work, using the estate to provide better integrated public services and to enable economic growth.’ The report also claims that since 2010 departments have shrunk the central Government estate by over two million square metres as civil service numbers have also reduced by 17 percent, saving around £600 million a year in running costs and generating around £1.4 billion in sales of land and buildings.
Avanta Serviced Office Group has signed a deal to establish a new business centre in the heart of London’s Tech City at The Eagle, a 27 storey art-deco-style development on City Road, EC1, from Mount Anvil – Central London’s specialist residential-led developer. The centre is set to open on the 1st March 2015. The new centre will provide over 26,000 square feet of flexible office space over two floors, with approximately 400 desks. Set within a mixed-use development comprising retail, affordable accommodation, offices and high-end residential, it is located within TFL’s Zone 1, approximately five minutes’ walk from Old Street Rail and Underground Station, just two stops from Kings Cross.bThis is Avanta’s first site within Tech City, also known as Silicon Roundabout, which is the third largest technology start-up cluster in the world and home to over 15,000 growing businesses.
