Commercial Blog July 2018 - Colliers International | London

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  1. July 2018

  2. Maritime history reworked into creative riverside workspaces

    9 July 2018
    Metropolitan Wharf is a Grade II Listed Victorian riverside warehouse and is one of London’s most impressive wharf buildings. Sitting on the northern banks of the Thames, the building is sandwiched between the cobbles of Wapping Wall and the lapping of the river, in an atmospheric and hugely characterful location that was not only the Capital’s nautical hotspot, but also the launch pad of London’s urban renaissance.
    Wapping is gradually building a name for itself for an emerging scene of creative workspaces that sit alongside its well-established reputation for some of London’s most authentic examples of riverside warehouse apartments. The commercial space created in the 80s and 90s from the initial regeneration of the docks are now being renovated into twenty first century workspaces to match those in the City Fringe, but within a unique quarter abutting the eastern side of Tower Bridge.

    Metropolitan Wharf’s latest incarnation is courtesy of UK Real Estate whose current repositioning of the building is led by Hawkins Brown Architects. Alongside the revitalised commercial element, the refurbishment includes 8 residential penthouses from Design Research Studio, the interior design arm of Tom Dixon.

    We are offering a series of newly refurbished creative workspaces across the first to fifth floors from 1,339 to 3,237ft2. All feature open plan floor plates and a specification including high speed fibre connectivity, exposed brickwork, cast iron columns, galvanised steel perimeter trunking, suspended LED lighting and superb natural daylight through warehouse style windows inspired by the original design.

    If you seek an entrance to be entranced by, here is where you’ll find it with a grand lobby that cuts through the entire depth of the building and takes you from street to riverside terrace under vaulted brick ceilings and past a striking reception desk that evokes the headwear of early diving suits.

    The communal areas also include chill out zones, log fires and contemporary artworks that help in creating plenty of places to sit, talk and relax outside of the office spaces. Other facilities include 24-hour security, passenger lifts, secure bicycle storage and showers. 

    Also within Metropolitan Wharf is Bottega Deli, soon to be joined by a new location for a long-time favourite in the Wapping dining scene, Il Bordello restaurant and bar. There are many other great places to eat and drink that are well worth discovering in the immediate neighbourhood.
     
    Wapping’s transport offering was transformed with the coming of the Overground. Just two stops from Whitechapel and the forthcoming Crossrail interchange, Wapping is now extremely well connected to London’s transport network: just one stop from the DLR at Shadwell and two from the Jubilee Line at Canada Water, meaning Canary Wharf, the City and City Fringe are all within a 10 minute ride.

    The Author

    Joshua Miller
    0207 101 2020
    07917 725 365
    Joshua.Miller@colliers.com
  3. Love Island and a lesson for retailers

    Love Island and a lesson for retailers

    9 July 2018
    More than three million people watch each episode of the current Love Island series. In addition to witnessing the couplings of the contestants, viewers are also exposed to the programme’s sponsor, Missguided – the online fashion brand. What people may be less aware of is that some contestants are also clad in Missguided clothes. So when superfans go in search of the same outfit, guess where they end up?
    It’s an object lesson in how to blend retailing with mainstream media and the ability to buy something on your phone while you watch Georgia clash with Kazimir. 

    Any retailers who have resisted the challenge of the multi-channel world must now know that the game is up. Even if you wanted to stay faithful to a strategy that revolved entirely around your physical stores then you have most likely have been forced to the online table by business rates, lacklustre consumer spending and the fact that your competitors are opening up a competitive edge by taking a more evolved approach.

    So what does the future hold for physical stores? They won’t die out but there will be a lot less of them than even 10 years ago. However, they will be ‘smarter’ (both in terms of brand and connectivity) and also start providing a ‘real life’ portal for online brands. 

    A good example of this evolution is the French fashion brand, Sézane, which had its beginnings on eBay, before moving to a branded online platform. Having opened physical stores in Paris and New York, the brand’s creator, Morgane Sézalory, has now opened its first London store in Notting Hill, after a successful pop-up trial in South Molton Street.

    This increasing presence of pure-play online brands on the high street is being supplemented by a growing number of brands such as Samsung, Dyson and Volkswagen, which previously sold through stockists, but are now looking to go direct to the consumer through their own store networks.

    Given London’s vast array of brands and shopping offers, these trends are of central importance to the capital. Requirements from both domestic and international retailers for larger London stores appear to be reducing, but there is still demand for smaller and more affordable space with brands looking to make a flagship statement to complement their online strategy. It’s about ‘rightsizing’ store portfolios to focus customer attraction, reduce cost and drive profit. 

    The arrival of Crossrail will make London shopping destinations more accessible but it won’t be a panacea. Shoppers need to want to get to your store – there needs to be a need. 

    Whether that’s something as basic as being able to try something on or you have been compelled to visit by a fantastic social media campaign, the physical store still has a central role in retailing. Not least because people tend to spend more when they’re in a store than when they’re browsing online. 

    Like the Love Island contestants, shoppers tend to be more impulsive when they see something they want in real life.

    The Author

    Colliers Retail Agency Central London
    Bobby Blake
    020 7487 1764
    07979 594 402
    bobby.blake@colliers.com
  4. Let’s talk about Garden Walk

    5 July 2018
    On behalf of a private landlord client – someone we’ve now worked with for over a decade – we are now marketing a newly refurbished duplex office space on Garden Walk in the heart of Shoreditch, with a new refurbishment carried out by the inspirational Thirdway Interiors.
    Part of a purpose built contemporary building constructed in the mid 1990s, with an exterior clad in black tiles and copper mesh, the unit occupies the entire ground and first floors and is the only commercial space in a building of otherwise residential use. The office is fully self-contained and has its own sleek and high-profile entrance in the middle of the building’s street frontage.

    Wrapping around the central residential service core, the floor plate extends to 6,210 ft² and is split as 2,632 ft² on the ground floor and 3,578 ft² on the first floor which are linked by a spiral staircase tucked into a corner at the far end.

    A warm industrial aesthetic runs throughout with the use of complementary urban materials to create a sharp and modern workspace. A light oak floor in timber herringbone sits beneath an exposed concrete ceiling from where services are suspended in galvanised steel: white tubes of LED lighting hang from stainless steel cables and sit among the conduit, trunking and perforated channels.

    Bright white walls are offset by dark grey steelwork, window frames and perimeter trunking with the colourway and décor motifs extending to the newly refurbished male and female WCs: grey chevron tiled floors; white brick tiled walls; contemporary white fittings; dark grey accessories and grouting.

    Outside at the rear is a large, newly decked courtyard that will create an outdoor area for breakout space, informal meetings and a place for colleagues to relax, ponder and socialise.

    The location really is about as Shoreditch as Shoreditch gets: right in the heart of the Shoreditch Triangle, just off Great Eastern Street and directly opposite the Hoxton Hotel, the office is at the centre of all action in this boundary-pushing mecca of creative enterprises and surrounded by some of the best bars and restaurants London has to offer.

    Transport is no less excellent with Old Street station just a few minutes walk and soon due for its own regeneration with the transformation of the famous roundabout into a pedestrian- and cycle-friendly landscaped public piazza.  Other nearby stations include Shoreditch High Street (Overground) and also Liverpool Street, soon to be augmented by the Elizabeth Line and a new Broadgate ticket hall.

    We are quoting an annual rent of £65 per sq ft on a new full repairing and insuring lease.


    The Author

    Joshua Miller
    0207 101 2020
    07917 725 365
    Joshua.Miller@colliers.com
  5. See-through qualities: glass-fronted revamped office floors on Old Street

    2 July 2018
    You may well have noticed 140 Old Street on your way around the City Fringe: an entirely glass façade between the brick and stone elevations of the adjoining Victorian buildings creating a brazenly modern intervention in a typical, traditional streetscape.
    What is not so apparent from the front is how the office spaces within from the first floor up have large banks of glass along their entire left and right flanks as well as further windows at the rear, providing an all encompassing sense of natural light on every side.

    A development by DTZ Investors, the newly revamped floors have been finished to a Cat A standard by Peldon Rose. We currently have the ground floor and second floor units available, measuring 3494ft2 and 2568ft2 respectively, with the ground floor having its own separate street entrance.

    Inside, the open plan layouts display a modern industrial aesthetic that’s been given a singular twist through dramatic contrasts. Bright white paintwork and raised metal tile floors are offset by the use of anthracite coloured air conditioning ducts, window frames, interior doors and suspended LED light boxes, with the resulting effect of distinctive, bold and inviting workspaces.

    Amenities within the building include a passenger lift, security entryphone system, 24-hour access and sleek communal WC and shower facilities with white wall tiles and sanitary fittings matched with grey grouting and floor tiles that continue the complementary palette of the office floors.

    The location is not only supremely accessible, but also absolutely perfect for attracting and retaining the best talent for your business. Old Street station (Northern Line and National Rail) is but a few minutes’ walk and is scheduled for substantial redevelopment later this year to include a transformed ticket hall and the remodelling of the iconic roundabout into a large public piazza. 

    Just 1 minute’s walk brings you to the fantastic daily street food market of Whitecross Street – one of the most popular places to eat, meet and socialise with both local workers and residents – while the recently opened culinary boulevard at The Bower is but a few hundred yards. Effectively at the meeting point of Shoreditch and Clerkenwell, 140 Old Street is surrounded by an incredible array of cafes, bars restaurant and shops that combine to create a unique and vibrant buzz that makes it a great place to come to work. 



    The Author

    Alexander Howarth
    0207 871 7430
    07841 514264
    alexander.howarth@colliers.com
  6. Mic on Mondays | Duncan Walker

    2 July 2018
    Duncan Walker is Managing Director at Skyports, an urban aviation infrastructure that help the process of delivering goods by drones. Duncan tells us about the company and how it will enhance delivery and logistics in the future.

    What is Skyports & what is the service you deliver?

    We set up last year to try and capture the benefit of the emerging drone market, across the world in many places there is a lot of technological development. Actual deliveries and passenger movement by drone is now in China, the US and Switzerland, but not very much in the UK. We have been looking across the world as to where these drones are creating real benefit. Our view is that they are most beneficial in urban locations so we set up to provide landing zones, which we call vertiports, effectively heliports, for electric drones in London and other cities around the world.

    Where did the idea for the business originate from?

    My co-founder, Simon Morrish, and I originated the idea in the middle of last year when we became more and more aware of what was happening in the drone world and the amount of money going into technological development. Both in terms of the vehicles themselves and all of the enabling technology around it, the air space management and the operational platforms. However, very little investment going in to the infrastructure that enables these things to operate. I am a real estate guy by background, with that in mind we thought this was a good opportunity to try and create the network to enable drones to be very effective at the point when they have full aviation authority sign off and the technology is fully embraced and proven, our belief is that will ramp up very quickly.

    How does your service change delivery & logistics?

    It is very much an extension to the existing delivery network in more rural locations it can solve some of those very expensive, inefficient journeys which are hampered by typography, mountains and lakes, which makes ground based delivers very expensive. In urban locations, it is an extension to the same day, same hour delivery network which is very costly to logistics providers and very difficult to service in urban locations where there is lots of congestion and lots of pollution. So we are a bolt on to that service, very efficient, low cost, very predictable delivery times and viable across a whole range of goods and services.

    What is the future of Skyports?

    I think there is going to be a lot of evolution, we originally are an infrastructure place with the heliports for these cargo and passenger carrying drones, the market is emerging very quickly. Recent PWC report identified over 100 billion pound market for drones to capture and we will move with that. We are beginning to do more end to end operations in other territories where regulations are a little bit more advanced than they are here in the UK. So we may well become a service provider of sorts but ultimately we are really focused on providing that ground based infrastructure and being the heliport.

    How is Colliers helping your business grow?

    We have just started working with Colliers, Colliers obviously have a huge network across the UK for landlords and building owners. We have begun to work with them to try and explore the idea, how they can offer an additional service to their clients, how we can help them and they can help us to create that network and introduce us to a number of landlords.


  7. June 2018

  8. Making shopping special

    27 June 2018
    Increasingly the challenge for any shopping scene today is to create environments that are compelling to shoppers.
    In that context, for this year’s Midsummer Retail Report, we made a film that focused on three shops in London that we think are important for how they are adapting to the new retail landscape.

    The shops were Supreme, the Sweaty Betty store in Carnaby Street, and Selfridges If you’re over 20 years old, you may not even be aware of Supreme - unless you’re really into your streetwear.

    It’s at the epicentre of London’s streetwear scene and regularly creates a tremendous buzz at its store by controlling the ‘drops’ of the latest brands and newest products. The result can be huge queues down the street which, in turn, generates curiosity and gives the brand tremendous cachet with its target market. The constricted supply has even spawned a secondary market for Supreme products with items routinely appearing for sale on Depop and online minutes after they’ve been bought in store. 

    The Sweaty Betty Carnaby store is a milestone in the development of the brand. Spread across three floors it brings together fitness fashion and food. The central retail offer has been augmented with a fitness studio in the basement. There’s a ‘Duck & Dry’ blow dry service for post-work-out styling, and the Farm Girl café is located on the top floor. The space can now host events and has created more reasons for people to visit. It’s an object lesson in how to increase the reach of a brand. 

    The final store that the film highlights was Selfridges which might be a surprise to some – especially as there’s no shortage of pundits saying that the department store concept is dead. 

    Of course, Selfridges is no run-of the-mill store. It has occupied a special place in London’s retail scene for more than a century. But what’s remarkable is how it has not rested on its laurels. When the Weston Family bought it in 2011 it had just been named the Best Department Store in the World, but they still embarked on a huge programme of renovation, improvement and extension whilst buying in adjoining freeholds to better control its environment. The confidence and scale of this approach is best demonstrated by the huge new Accessories Hall entrance. Selfridges has reinvented the Department Store for the 21st century. So, three very different stores. The common dominator is that they all have a very clear sense of their brand and how it can be leveraged to produce shopper demand and a sense of excitement and value. 

    Later this year, we’ll see Grosvenor enable the opening of other stores which have grasped this need for differentiation. Matchesfashion.com is creating a stunning private shopper store in Mayfair while The Eccleston Yards scheme on the borders of Victoria and Belgravia will blur the lines between food, retail, co-working and wellbeing. 

    The challenge for all retailers is to nurture the kind of excitement, diversity and appeal that these types of stores can provide. And landlords need to look at how they can encourage that. 

    The Author

    Sara Law - Colliers London
    Sara Law
    020 7344 6849
    07814 495712
    sara.law@colliers.com
  9. Mic on Mondays | Dominic Wright

    25 June 2018
    Riverside Capital is a property investment company founded by Dominic Wright and Sasha Stupar in August 2010. Dominic, Group Chief Executive, tell us about the company and their recent decision to invest in the city.

    Tell us about Riverside Capital?

    We are a property investment company that offers high network investors from around the world a platform to invest in commercial property deals in the UK. We work by finding a specific building or portfolio that we like, we go out to the investors and we say; this is the specific opportunity, this is why we like it, this is how much money we think we can make, do you want to invest with us? Therefore, investors get the chance to choose which deals they come in to and how much they come in for.

    How have you worked with Colliers to invest in the City of London?

    We have a long standing relationship with Colliers and their City and West End offices. We have worked on a number of transactions with them over the years. Most recently we acquired a building in Shoreditch last year where Colliers conducted the lettings. And on our latest deal Sherborne house Colliers were acting for the seller where we were the buyer.

    What particularly drew you to the Sherborne house deal?

    Sherborne house for us is exactly what we are looking for in commercial investment opportunity, it has a prime location, it is a fantastic building. Really for us it gives us a chance to demonstrate our asset management capabilities to drive returns for investors.

    Where do you see the city market going over the next couple of years?

    I think the city market over the next couple of years is going to be in a relatively benign environment so we are expecting to see relatively low levels of rental growth. What that means is it’s all about picking the right micro locations for investing and the right buildings. As well as things like infrastructure projects such as the redevelopment of Bank station and new landmark developments like Bloomberg are going to make a difference to micro locations such as Cannon Street.

  10. Here to stay

    21 June 2018
    As we move into the holiday season and hotels get busier and busier, it’s interesting to look at how Airbnb continues to influence the visitor accommodation market in London.

    Whilst there is great public awareness of the service, it still represents a small - but growing - part of the London market. Its share rose from 5% to 6.9% last year - a modest percentage but one that represents around 6.7m overnight stays.

    As the scale of Airbnb grows, the lack of regulation becomes a greater concern to many. The parallels with that other iconic 21st century tech solution, Uber, are clear. Last year, TfL cancelled Uber’s London license and it is now nervously awaiting the result of its appeal which is due on 25 June.

    There’s no suggestion that Airbnb faces anything as draconian but other cities around the world have introduced legislation to govern the service. In Berlin, since May 2016 hosts have been prohibited from offering an entire home on the platform. London already has a rule that only lets hosts let out their home for a maximum of 90 nights a year – but there is some concern about how this can be monitored – and this does not address concerns over personal security and fraud. Madrid and Paris have recently announced that legislation will be introduced.

    Hoteliers, meanwhile, are crying “foul” as they see themselves competing on an uneven playing field.  Hoteliers have to charge VAT, they have business rates, they have rigorous fire, life safety standards to meet and they pay all of their staff through the books.  There is a belief that Airbnb suppliers pay none or very few of these charges.  There is a strengthening lobby against the concept with Japan completely closing down their listings and a number of high profile law suits about to be heard in New York against a concept that they see as predicated upon avoidance of regulation and taxes.

    Back in the marketplace, it’s interesting to see that we’re witnessing relatively little negative impact on the hotel sector with the capital’s hotels achieving similar results to last year. The effect is felt mostly in the leisure market with the more lucrative business traveller still preferring the convenience of hotels.  However, if Airbnb does crack the business market (and they are trying too) the effect on hotels is sure to be greater and the clamour for improved regulation will rise.

    Despite the increased presence of Airbnb, we’re still seeing strong business cases for proposed London hotels. This year will see a new wave of hotels in the capital ranging from the budget to the most luxurious so it seems that the two accommodation alternatives are happily co-existing at present.

    Author:

    Marc Finney | Head of Hotels & Resorts Consulting
    Marc.Finney@colliers.com
    Office: +44 20 7344 6601
    Mobile: +44 7825 602797

  11. Mic on Mondays | Adam Blaskey

    18 June 2018
    Adam Blaskey is the founder and CEO of The Clubhouse, London’s leading business club, business lounge and meeting space. Adam tells us how Clubhouse came to be and what makes their idea work so well.

    Can you explain how you got the idea behind Clubhouse? 

    We launched The Clubhouse in 2012 and that was born purely out of my need of this kind of space. My background is not in this sector at all, it’s actually residential property and before that I used to be in the city. I developed residential property for the best part of 15 years, and I found myself increasingly meeting my clients in hotel lobbies and coffee shops around Mayfair. I didn’t need an office in town, so I didn’t need a co-working space or a serviced office, but I needed somewhere that was smart and impressive to meet my clients which wasn’t a coffee shop, hotel lobby or typical members club. So the need was my own and today The Clubhouse fills that gap very neatly and is defined between a coffee shop and hotel lobby on the one hand and the serviced office and co-working space on the other. 

    What are your long term growth plans for the business?

    In my residential property days, I always saw London as this kind of group of urban villages, all very distinct personalities. So whether you live in Notting Hill or Shoreditch or Wandsworth, they are all very different areas. I think over the last few years, where people work has started to follow that path. So we want to build up a network of clubhouses across London in all the key areas where people work so our key members have got somewhere to drop into. So we started off in Mayfair, we have a clubhouse in St James, here in Bank and we are opening in Holborn next month. So that will be 4 Clubhouses but I think we could probably get up to 8 or 10 in the key work locations. Particularly as there has been some major infrastructure improvements in areas like Victoria and Kings Cross, so I would hope we will see a Clubhouse there very soon.

    How do you establish the right office when opening a new Clubhouse location?

    When we opened it was really based on my needs and six years on we have learned from our members. We have about 1000 members, from about 400 different companies and everything we do here is designed around the needs of our members. In fact, we have one aim which is simply; to make our members and their businesses more successful. One way that we are very different to how most co-working spaces operate is the level of service that with give. We are very hospitality driven and we get to know what the needs of our members are, either through just chatting to them or surveys that we do. So each Clubhouse is now designed around the needs of those members. Typically, we need about 10-12.5 thousand sq ft to make our model work and within that space we can really provide everything a member needs. What I mean by that, is providing a smarter, more flexible, more agile alternative to them having an office for themselves.  

    What was it about 20 St Andrew Street which drew your attention? 

    The next and 4th Clubhouse will open at 20 St Andrews Street and that will open at the end of June and again it’s really driven by the needs of our members. Our members are meeting clients all over London, they might be in Mayfair in the morning, they might be over in the City in the afternoon. So having somewhere in Holborn really has great advantage by putting somewhere in the middle. We then have a nice spread across central London from Mayfair and St James’s in the West, through to Holborn to the City. Transport connections are very key for us, because most people will look to meet someone where it is easy to get to. When Crossrail opens very soon you will be able to get to The Clubhouse in Mayfair just off Bond Street to Farringdon in no time at all and then through to Moorgate which is only a stones through from the Clubhouse at Bank. So you will be able to get from all extremes in about 10 minutes, which will be fantastic for our members.

    Can you give us a sneak insight into how Clubhouse will look in 20 St Andrews St once work is completed?

    At 20 St Andrews Street we will keep evolving what we are doing here, so everything we do is based around the needs of our members like I said, and we like to raise the bar each time in terms of design. At The Clubhouse bank we worked with Fletcher Priest, who did the external architecture of the building but also did the interior for us as well. We are also working with them on the interior of 20 St Andrews Street. It is a fraction smaller, it is 10 thousand sq ft over the top 2 floors, we have an amazing roof terrace at the top and we will be offering everything that we do in our other Clubhouses. That includes a large presentation room that can seat about 60 people and we have names that after two very prominent names in the area; Haywood, who designed Holborn Circus and Wren, who was responsible for re-building St Andrews Church. This follows a theme that we’ve got at various Clubhouses that we have. So for example the equivalent room over in the City is named after Soane and Baker, two architects that worked on the bank of England. We like to bring a bit of local history into our spaces. We will have a great room that can seat up to 60 people, presentation and theatre style. We will also have a deli offering a great selection of snacks, sandwiches and salads, which keeps our members fuelled when they are busy at work. As well as a range of meeting rooms, hot desks, lounges and really everything our members need while they are doing business in town.

    Which location do you spend most of your time at?

    It’s tricky because I love all of them, they are like my babies in a way, but I have tried to spend a fairly equal amount of time across all of them. Our main offices at the moment is in St James’ but I’m in the city a couple of days a week and I will certainly be spending some time at St Andrews Street.

    Since opening in 2012 how has the London Office market changed in your eyes?

    I think it has changed massively, as I have said The Clubhouse was born out of a need, it wasn’t something I researched and I didn’t predict the future of the office market. When we opened it was about the same time as WeWork opened their first building, we all know how they have gone on and now become the largest occupier in London. Really this is testament to how quickly businesses are now growing. When I had the idea back in 2008 and the light bulb moment took place a couple of things happened, the financial crisis set in and that was the biggest thing that gave all these aspiring entrepreneurs and especially lots of people that worked for larger corporate firms, the motivation to go out and set up their own business. So there are lots of frustrated business people and entrepreneurs out there who want to do their own thing but particularly when you are reaching your mid 30s/40s and if you have a family and a mortgage, it’s quite a big jump to go and set up your own business. So back in 2008/2009, the opportunity cost of that completely shifted and you had a lot of people that thought ‘right I’m not going to get paid how I have been paid before, I have got this great contact book, let me go and set up my own business. Also at the same time it was the birth of cloud computing, the iPad is only 10 years old, so suddenly you had the technology that supported the way in which people were thinking of working. So you had the demand, you had the technology but what wasn’t really there was a flexible alternative to an office that people setting up a business could use or people that had business outside of town and just wanted a remote base to attract the best people, to recruit or retain the best talent they could in London. I think that’s where The Clubhouse really fits in. Now because that technology has allowed people to work in a different way and people have realised and become accustomed to working in a different way, that is why we have seen such a growth in flexible workspace and collaborative workspaces. As well as the concept of meeting space and office space as a service, very much like a software is a service offering. So there has been a fundamental shift over the last few years, which is why flexible workspace is certainly not going to be anything temporary but it is going to be here for the long term. I think that is quite exciting because the choice is there. The number of flexible workspace providers in London is enormous, but yet 6 years on no one is really doing what we do here at The Clubhouse the way we do it. 

    Find out more about The Clubhouse

  12. Labour exchange: Talent Motion swaps serviced office for private workspace

    11 June 2018
    The Tenant Representation team has just helped recruitment consultancy Talent Motion in its move to bigger, better and brighter offices.
    Founded in 2009, Talent Motion is a specialist in the ‘Built Environment’, with an emphasis on relocating senior professionals throughout the UK, Asia and Australasia.

    Operating out of serviced offices in Austin Friars, just around the corner from the Back of England, the company was looking to acquire its own office space without straying too far from its existing location.

    The brief was for at least 700ft2 with good natural light and smart reception and communal areas. We were also asked to seek some flexibility of term to allow for fast growth.

    After our team compiled a shortlist of candidate spaces, Talent Motion settled on 725ft2 on the 5th floor office of 37 Sun Street EC2, whose contemporary entrance lobby creates just the right first impression with its blades of light set into a walnut clad wall, and a floor of large-format porcelain tiles.

    The move to Sun Street takes Talent Motion less than half a mile from Austin Friars, but that sort distance trades a very typical city environment for one that’s still resolutely about business, but with a noticeably increased vibrancy.

    Just around the corner from Finsbury Circus - and bordering the southern edge of Shoreditch - the company's new offices are also just a few minutes walk from Liverpool Street,  Moorgate and Old Street stations. It's a combination of factors that deliver highly accessibility, a strong commercial environment and an ideal position from where to enjoy London's creative quarter, including the upcoming regeneration of Old Street Roundabout into a landscaped public piazza.

    The move is also something of a reunion for Talent Motion’s founder, Dominic Evans, who worked on Sun Street a number of years ago.

    The Author

    Dash Boyeva
    020 7344 6623
    07811 111888
    dash.boyeva@colliers.com
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