February 8, 2013
Consolidation of state properties boosts London economy by £3.5bn
According to a new report from property consultancy Knight Frank into the impact of the Government’s policy of consolidating and improving the management of the public sector estate in London, the economy has been boosted by as much as £3.5 billion. The study has reviewed the results of the work carried out by the Cabinet Office’s Efficiency and Reform Group at 16 properties in central London including the Department for Business, Innovation and Skills, the Department for International Development, the Land Registry and the Crown Prosecution Service. Many of these sites were seen as dated and have now been redeveloped for use by other organisations. (more…)
US based technology giant Google has completed the long expected £1bn property deal for a brownfield site in the King’s Cross Regeneration Area in London. The 2.4 acre site is located between King’s Cross and St Pancras rail stations and will be used for the development of an up to 11 storey complex which is due to be complete during 2016. Google will rationalise its two existing London locations into the new office and workplace design aficionados will be expecting great things from a firm that is renowned for its original approach, most recently at its 
No new building ever really deserves to be called ‘landmark’ unless it has acquired a nickname while still on the drawing board. That is why we can be assured that we will be hearing a lot more about the Kohn Pedersen Fox designed 38 storey HQ for US insurer WS Berkeley which has just been granted planning consent and already rejoices in the moniker ‘The Scalpel’. The new facility will provide over 500,000 sq ft of commercial space over 35 floors in Lime Street, East London. 
