Fleet Street set to receive £5 billion makeover
Developments include a “Justice Quarter” with 18 court rooms
The former Daily Express headquarters is among the buildings being refurbished or newly built in a £5 billion makeover of the former newspaper district of Fleet Street.
/ PAhe former Daily Telegraph and Daily Express headquarters are among the buildings being refurbished or newly built in a £5 billion makeover of the former newspaper district of Fleet Street.
A pipeline of 34 schemes will breathe new life into the area, creating about three million sq ft of new commercial space and attracting 25,000 additional workers, says a new report from business group Fleet Street Quarter.
Developments include a “Justice Quarter” with 18 court rooms, focused on cyber-crime and fraud, delivered by the City of London Corporation at Salisbury Square.
After the newspapers moved in the Eighties and Nineties they were replaced by financial and professional services companies. Now a new wave of creative and tech firms are taking space such as London studio Framestore.
Lady French, chief executive of the Fleet Street Quarter Business Improvement District, said: “We are seeing the evolution of an area; an emerging, sustainable, inclusive hub for today and tomorrow.”
Deputy Shravan Joshi, planning and transportation chairman, City of London Corporation,added: “The Fleet Street Quarter is one of the few places left in London where you can really redevelop and reinvigorate a postcode.
“I would say it’s a once-in-a-generation opportunity. One of the things I am very mindful of is we don’t want to just build for today; we’ve got to be planning for tomorrow.”