BID for EC3
22 January 2020
The latest CPA (www.citypropertyassociation.co.uk) seminar hosted by Rogers Stirk Harbour & Partners at The Cheesegrater at 122 Leadenhall Street outlined the aim to form an EC3 “Eastern City Cluster” focussed Business Improvement District ("BID")
Up to 8m sq ft of new commercial development is scheduled for completion in the locality over the next five years (in addition to an existing EC3 office stock of 26.1m sf) . The BID aims to form a public/private collaboration to create an ESG environment to attract and retain the estimated 80,000 new employees. Private BID contributors may include building owners and occupiers many of whom are major insurance and financial corporates but with an increasing number of Technology, Media and Telecommunications companies.
Similar BID initiatives were formed in Cheapside ,Fleet Street and Aldgate to promote and enhance the office ,retail, leisure and amenity offerings together with improved pedestrian accessibility and safety. An alliance in EC3 is much needed as it has the lowest amount of public open space in the City.
The BID is to announce a banner title to replace the (less than catchy!) Eastern City Cluster
One of the scheduled EC3 developments is at 25 Lime Street https://www.25limestreet.co.uk/ opposite Leadenhall Market within the prime Lloyds Triangle where BBG is the retained letting agent for developer Moorgarth - have a look at this film :-
To discuss interest in the EC3 property market, please contact David Alcock