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Why You Should Locate Your Business in Aldgate 13th Oct 2016

Aldgate was one of the 7 historic London city gates through the London defensive wall from Roman Empire times. The name is believed to be derived from ‘Ale-gate’ which literally signifies ‘open to all’. In past years, Aldgate has been referred as the less glamorous part of the city however today this changing rapidly with ongoing investments in the area and popularity of Shoreditch on its door step as a trendy, creative hub. 

Aldgate is the gateway to UK’s most dynamic business centre – the City- and lively East London boroughs via Whitechapel. Since last year Aldgate is going through major development work, with the aim of making the area more pedestrian and cyclist friendly. The significant investment on public transport and road infrastructure will continue until Autumn 2017, as well as exciting new public realm and mixed-use developments coming out of the ground. These impressive changes in the surrounding areas and increasing business population will continue to enhance the nature of Aldgate with increasing demand for residential developments and most certainly office spaces. Figures from the Office for National Statistics state that the City’s total working population is anticipated to increase by 96,000 people by 2026. This impressive trend is rather expected for Aldgate, since it is perfectly located between the traditional “City” businesses as well the innovation driven “Tech City”. This diverse and growing working population also create demand for flexible office spaces and serviced offices in City of London. Serviced offices’ offerings are in great benefit for Aldgate’s growing and changing population such as flexible terms, leading IT and telecom services, and security. Alongside being surrounded by a network of companies with a similar vision, being based ‘in Aldgate’ means being based ‘in opportunities’. Aldgate falls within the Mayor of London’s 33 opportunity areas, giving rise to many renovations and developments, which continuously increase the value of the area.

Developments in the area

The “Minories Estate” redevelopment involves converting the area into a 500,000- sqft mixed-use scheme, including office and retail buildings, 380-bedroom Hampton by Hilton and a residential building providing 87 flats. The new three-building scheme will be known as Minories London and is located only minutes away from New Broad Street and Procter Street.     

  

Goodman’s Fields is another development in Aldgate area, offering a mixed-use urban district with a selection of studios, one, two, and three bedroom apartments and penthouses together with new retail commercial space, a student accommodation platform and a hotel. Thanks to its proximity to the City, the development promises to welcome many businessmen/women when it reaches to completion in Q3 2019.         

 

       

The Scalpel located on 52-54 Lime Street due to be completed in 2017, is designed to be a 190 metres tall commercial office development with an internal floor area of 624,200 sqft over 35 office floors. The new promising landmark skyscraper of London will also include a restaurant and retail area, as well as a public square. Next to creating much needed office spaces for the ever increasing City population, The Scalpel promises to contribute to the overarching branding of the area.

 

 

 
 
 
 
 
 
 
 

These are just a few of the many exciting developments and renovations taking place in Aldgate and in the City. To get your own space,call us now to check the available serviced offices in City of London and be a part of the thrilling new era and promise that Aldgate offers.

Article image sourced from: http://www.e-architect.co.uk/