Hammerson plc and its partner, the Corporation of London, have reached practical completion of Bishops Square, Spitalfields, London E1, their new office building of 70,600 m² (760,000 ft²) and have handed over the building to Allen & Overy, the leading international law firm, for fitting out works.
Designed by Fosters & Partners, Bishops Square provides 70,600 m² of offices, 4,000 m² of retail accommodation and extensive public space and amenities. There has been an encouraging level of interest from retailers and restaurant operators for units at Bishops Square.
John Richards, Chief Executive of Hammerson plc, said: "Bishops Square is an exceptional project. We have worked closely with the Corporation of London and Allen & Overy to create an outstanding office environment that meets the occupiers' needs, whilst enhancing this vibrant area."
Michael Snyder, Chairman of Policy and Resources Committee, of the Corporation of London, said: "Bishops Square represents the completion of the majority of our regeneration plans for the former Spitalfields Market. Our partner, Hammerson, has delivered an exciting mixed-use development of which we can be proud. Indeed, it is an excellent example of the quality of building that is needed for the City of London to maintain its pre-eminent position as the world's leading international financial centre."
David Morley, Managing Partner, of Allen & Overy, said: "We are excited to be taking over this landmark new building, a project which represents our biggest ever investment in the future. We have worked closely with the developers throughout design and construction to create a high quality working environment in which our people can do their best work for our clients. It is one of the most ecologically advanced buildings in London and achieves high environmental standards. We are looking forward to joining the culturally diverse and thriving Spitalfields community in our new home when fit out is completed towards the end of 2006."