Docklands virtual office & office space


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Docklands virtual office & office space

Why would i need a virtual office in the Docklands?

The area of Docklands which had been historically known as the Port of London, was identified for redevelopment after the port had been unable to adapt to the usage of containers in cargo transportation methods. In fact, the government had first started using the name London Docklands back in 1971. Later on in 1981, the London Docklands Development Corporation was initiated and entrusted with the sole purpose of redeveloping the Docklands area. With this, many encouraging incentives such as property tax exemption and capital allowances were introduced in order to attract investors with the aim of turning Docklands into a business district.

Much commercial and residential, along with virtual office and office space development took place during the 80s and the 90s, in which one of the most prominent projects was the Canary Wharf project. This project included the construction of the tallest building in England, 1 Canada Square. In fact, the Canary Wharf project was aimed to create a second financial district within London. Flanking 1 Canada Square on either side are the HSBC Tower at 8 Canada Square and the Citigroup Center at 25 Canada Square, both prominent and international banks. During the 1990s after Canary Wharf had been completed, the building faced threats of being a white elephant when transportation infrastructure, the Jubilee Line in particular, had been halted during the midst of a property bust. However, once work was resumed on the Jubilee line, tenancy within Canary Wharf started to grow and attracted many financial corporations such as Credit Suisse, Citigroup, Lehman Brothers as well as media companies such as Reuters and the Daily Mirror. Even selected government organizations such as the Financial Services Authority have set up their offices in this renowned commercial center.

Within the 86 acres of Canary Wharf lies a combination of other commercial and shopping buildings, with 63,000 people working out of the 18 commercial buildings, retail outlets and conference and banquet centers. Further down the street from 1 Canada Square lies the 40 Bank Street with major tenants comprising of legal firms such as Skadden, Arps, Slate, Meagher & Flom and also Allen & Overy. With a high density of legal firms, it is no doubt then that 40 Bank Street is the major virtual office center for organizations engaged in the legal industry.

Right next to 1 Canada Square is the Cabot Place, which is one of the newest shopping areas in Canary Wharf. One of the prominent features of this mall is that the design has been conceptualized by a group of world renowned architects – Cesar Pelli & Associates, Adamson Associates, Frederick Gibberd Coombes & Partners and Building Design Partnership. There are a total of 140 retail outlets in Cabot Place covering a total area of 21, 156 sq m. Divided into Cabot Place East and Cabot Place West, this would be a suitable location to set up a virtual office or rent an office space for retail businesses or restaurants. Indeed, Cabot Place has been constructed on either side of the Docklands Light Railway and is also conveniently connected to 1 Canada Square to provide easy access to office workers.

Down the road from Cabot Place is the majestic 25 Bank Street, where the famous investment banker Lehman Brothers is located. Standing at 502 ft tall, 25 Bank Street offers 33 floors of office space. Indeed, with floor space available of between 10,000 and 205,000 sq ft, setting up a virtual office here would truly be suited for any corporation with business dealings in the financial industry. Right next to 25 Bank Street is 20 Bank Street, a unique building with concrete panels of granite color and aluminum windows nicely matched with curtain walling. The uniqueness of 20 Bank Street lies in the fact that the north façade is built with a suspended glass façade with fins. With Morgan Stanley as its major tenant, this building would land prestige to companies which set up virtual offices or rent office spaces in this venue.

Perhaps one of the more prominent buildings located next to the Canada Square is The 1 Churchill Place, which stands at a height of 513 feet. With Barclays bank as its major tenant, The 1 Churchill Place stands at great importance as another financial center within Canary Wharf. One of the most unique features about this plaza is the existence of a 500 sq meter man-made nature reserve at the roof-top. This has been specifically built to attract a series of fauna such as insects and nesting birds. Another significant feature about 1 Churchill Place is the increased security features that have been incorporated into the building. Completed only after the 9/11 bombing, the 1 Churchill Plaza has been fixed with air-conditioned intakes at the roof to prevent roof entry into the building.

All in all, the Canary Wharf project within Docklands now comprise of a total of 13 buildings, most of which are populated by tenants from the financial or legal business industries. Canary Wharf is still growing as there are currently many buildings either still under construction, or in the plan for future development. In time, Canary Wharf is set on its path to become the nucleus for commercial growth within the Docklands area once other commercial buildings are in place. Building that are in the plan for development are Canary Wharf NQ 1 and 10 Churchill Place.

In conclusion, with Docklands greatly developed over the past two decades, renting an office space here would provide any company not only with reputation, but also with the latest facilities within acres of commercial area. With most infrastructure planned and laid out, virtual offices and office spaces in the docklands would gain from the reputation of a highly developed location in the vicinity of London.

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