Tower 42 invests £50m to launch new retail boulevard
The Avenue is a pedestrian walkway bordered by retail units which wraps around the Tower 42 building, connecting Old Broad Street to Bishopsgate.
The new 77,000 square feet (sq ft) of retail space includes outlets like Joe and the Juice, Marks and Spencer, the restaurant and bakery Paul and gastropub Broadleaf.
“The City is crying out for more quality retail space,” said Philip Lewis, CEO of the Tower 42 Estate. “The Avenue responds to this and provides the occupiers on the Estate and in the surrounding area with modern amenities.
“There are more than 4,000 people working here on the Estate so the new retail has a ready-made on-site catchment of customers, which is further enhanced by other offices and businesses nearby.”
Tower 42 estate already manages 500,000 sq ft of office, retail and leisure spaces including the newly opened 15 Bishopsgate which was pre-let to co-working company WeWork and is home 1,000 people.
The Tower 42 building was originally opened in the mid-1980s as the NatWest Tower, designed by architect Richard Seifert. At 182 metres, it was Britain’s first skyscraper and held the title of the tallest building in the City for 30 years
(Article by Oscar Lopez for CityAM. Oscar is a reporter covering property, markets, alternative investments and technology)