British Land: companies want to easily change layouts of London offices
Flexible layouts at London offices would make the capital more attractive to organisations that are considering having a base there.

Such is the suggestion of British Land chief executive Chris Grigg, who told City AM there are lots of leases close to ending in the Square Mile, which provides the opportunity for premises to be redeveloped.

New blocks of London offices will also need to be built to ensure space is as flexible as possible for the needs of businesses.

"We're seeing a big change. There will be several very high-rise buildings in the City, which will make it feel more like Manhattan than it did before," Mr Grigg said.

In addition, a lack of large, open-plan City offices will help rally rents in the capital.

The publication reported him as adding London benefits from "enormous advantages", including the time zone, currency, expertise and its infrastructure.

During the fourth quarter of 2011, there were 27 commercial property investment transactions in the City and Docklands worth £1.75 billion, Cushman & Wakefield recently revealed.

Posted by David Hudek

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