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When it comes to the rash of new skyscraper developments aiming to take advantage of the growing lack of office space in Central London, Heron Tower is leading the charge and is well ahead of the pack. The building on Bishopsgate, close to Liverpool Street, is 750 feet tall and is now open for business.
The top three floors are home to bars and restaurants, whilst the rest of the building offers A grade office space for businesses, and already has a 25 per cent capacity. Gerald Ronson, the chief executive of Heron International, was the man to spot the gap in the market and begin construction on Heron Tower even while the recession was still in force, resulting in the Tower being several months ahead of other skyscraper projects intending to offer thousands of square feet of serviced office space, such as the Shard of Glass.
“Heron Tower is one of the few new buildings in the city providing new standards of office space at a time when many financial services companies are experiencing renewed growth and the cycle of lease renewals is appearing on the horizon,” says Heron International’s managing director of property development, Peter Ferrari. “We cater for businesses looking to rent 12,000 to 50,000 square feet. This market for medium sized businesses has been neglected.”
The law firm McDermott Will & Emery is one of the first businesses to make Heron Tower its home, and others are expected to soon follow.
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