Bloomberg's new £1bn London HQ

Bloomberg opens new £1bn European HQ in London

Located in the heart of the City of London, it is the first wholly owned and designed Bloomberg building in the world.

The building has been designed to facilitate collaboration and fuel innovation, bringing Bloomberg’s 4,000 London-based employees under one roof for the first ever time.

It is located on one of the UK’s most significant archaeological sites, home to the ancient Temple of Mithras and at the heart of what was Roman London’s commercial centre.

The development also represents a major investment in the UK economy. According to a privately commissioned economic impact study, almost 90% of the project’s expenditure was retained in the UK over the course of construction.

Around half of that was spent with local suppliers in London, including the employment of 13,500 construction workers (9.5 million man hours).

Michael R. Bloomberg said: “Our new building aims to empower our employees so that we can better serve our customers, while complementing and adding new life to this historic neighborhood.

“Lord Foster’s spectacular design brings people together in ways that will promote collaboration and communication, and it forges new frontiers in sustainability that we hope will serve as a model for other companies.

“We have a great future here in London, and this is a big investment in the city.”

The Mayor of London, Sadiq Khan, said: “This fantastic new building is a huge vote of confidence in London as a destination for global business.

“It is also a shining example of what can be achieved by combining fantastic British architecture and the latest green technology to reduce our impact on the environment.

“This investment, and the fact London will continue to be the home of Bloomberg’s European operations, shows London is open for business.

“I’m delighted that Mike Bloomberg and the innovative organisation he founded share my confidence in London’s future prosperity.”

Published: 25 October 2017

Article by Bryce Wilcock
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