An unprecedented level of ground-breaking development is currently underway, with more than 34 new and refurbished schemes poised to deliver an estimated 3m sq ft of new Grade A office, retail and leisure space with a GDV of up to £5bn by 2028. These include: the 539,000 sq ft of net office redevelopment of the former Daily Express buildings at River Court, 120 Fleet Street; a new 525,000 sq ft ‘Justice Quarter’ at Salisbury Square; and the 292,000 sq ft redevelopment of the former Goldman Sachs HQ at Peterborough Court, 133 Fleet Street.
What makes this pipeline of development so unique is the remarkable coalition of developers, landlords and investors including the City of London Corporation, Landsec, CO-RE and Helical working together in order to future-proof this historic part of London. At the centre of this is the Fleet Street Quarter BID, an organisation that is embracing this collective, collegiate approach to development, and acting as ‘the glue’ between the public and private sector.
Gross Developmental Value over the next five years
Grade A commercial space
In additional rent
Major new developments in Fleet Street Quarter BID area