The international competitiveness of
City offices has been saved by the decision not to list Broadgate, a senior official has said.
Writing in the London Evening Standard, Stuart Fraser, the City of London's chairman of the Policy and Resources Committee, stated that the decision to turn down the application by English Heritage means development in the financial hub can continue.
He noted his concerns about the consequences had UBS not been allowed to establish its European headquarters in London's Square Mile.
"The Square Mile is - and always has been - first and foremost a place of business," Mr Fraser asserted in the newspaper, adding that while it is important to protect the heritage of some
City offices, the corporation "must also be responsive to the business needs of current and potential future occupiers".
A meeting between himself and Communities and Local Government secretary Eric Pickles has been planned so Mr Fraser can put forward suggestions on how to protect the business prestige of the City.
On hearing the news that 1-4 Broadgate would not be listed, British Land chief executive Chris Grigg said development of new corporate space including four trading floors within a 700,000 sq ft building can now forge ahead.
Posted by David Hudek
News provided by Adfero in collaboration with Mellersh & Harding. Please note that all copy belongs to (c)Adfero Ltd and does not reflect the views or opinions of Mellersh & Harding unless explicitly stated.
Back