Broadgate

{{Short description|Office and retail estate in the City of London}}

{{Use dmy dates|date=November 2014}}

{{Use British English|date=November 2014}}

{{Other places}}

File:Broadgate Circle.jpg

Broadgate is a large, {{convert|32|acre|ha|0|sing=on}} office and retail estate in the Bishopsgate area of the City of London. It is owned by British Land and GIC and managed by British Land.{{Cite web |url = https://www.savills.co.uk/insight-and-opinion/savills-news/241269/savills-acquires-british-land-s-third-party-property-management-portfolio |title = Savills acquires British Land's third-party property management portfolio |publisher=Savills}}

History

The original developer was a joint venture of Rosehaugh and Stanhope plc:{{cite news|url=https://www.standard.co.uk/business/markets/sir-stuart-lipton-the-veteran-property-developer-with-a-vision-for-a-swathe-of-rundown-london-9920001.html|title=Sir Stuart Lipton: The veteran property developer with a vision for a swathe of rundown London|date=12 December 2014|newspaper=The Evening Standard|access-date=15 May 2024}} it was built by a Bovis / Tarmac Construction joint venture{{cite web|url=https://www.glix.hu/stock-image/GLIX-115-D1EB48/cranes-and-blue-sky-on-a-large-construction-site-at-broadgate-development-in-the-city-of-london-looking-up-from-a-low-angle-we-see-just-two-clouds-in-an-otherwise-blue-sky-with-four-of-the-projects-cr-stock-photo|title=Cranes and blue sky on a large construction site at Broadgate development in the City of London|publisher=Glix| access-date=15 May 2024}} and was the largest office development in London until the arrival of Canary Wharf in the early 1990s. The original scheme was designed by Arup Associates, Team 2, which was headed by Peter Foggo, who later left Arup to set up his own practice Peter Foggo Associates, where he completed the initial phase of works.{{cite web|url=http://www.foggo.com/practice/history |title=Practice History of Foggo Associates |website=Foggo.com |date= |access-date=7 December 2016}}

Location

File:broadgate centre london.jpg in 2006. The cranes for the new Broadgate Tower can be seen in the background.]]

The modern and mainly-pedestrianised development is located on the original site of Broad Street station (closed in 1986) and beside and above the railway approaches into Liverpool Street station. The perimeter of the managed estate is Bishopsgate to the east, Sun Street, Appold Street and the eastern part of Worship Street to the north, the southern part of Wilson Street to the west and Eldon Street and Liverpool Street to the south. Included in the estate are Broadgate Circle and Exchange Square.{{cite web|url=https://www.broadgate.co.uk/getting-here/around|title=Getting around broadgate|publisher=Broadgate|access-date=15 May 2024}}

Boundary changes which came into effect in 1994 now place the entire estate within the Bishopsgate area of the City of London, previously was in the Shoreditch, in the London Borough of Hackney.{{Cite legislation UK|type=si|number=1445|si=The City and London Borough Boundaries Order 1993|access-date=21 February 2021|year=1993|date=28 May 1993}}

Ownership

Several different companies, including British Rail, have participated in the development of the estate. Between 2003 and 2009 the whole estate was owned by British Land, which has been involved since 1984. Statistics from British Land indicate that the estate provides {{convert|360000|m2|sqft|-5|abbr=on}} of office, retail and leisure accommodation spread over {{convert|129000|m2|acre|0|abbr=on}} and more than 30,000 people are employed there.[http://www.britishland.com/property/london_offices/city Broadgate (50% owned)] {{webarchive|url=https://web.archive.org/web/20100304183446/http://www.britishland.com/property/london_offices/city|date=4 March 2010}} In October 2009, British Land sold a 50% share of the estate to the Blackstone Group.[http://www.britishland.com/investors/broadgatejv Strategic Partnership for Broadgate] {{webarchive|url=https://web.archive.org/web/20100109184232/http://www.britishland.com/investors/broadgatejv|date=9 January 2010}} In 2014, GIC agreed to acquire the 50% interest in Broadgate owned by the Blackstone Group.[http://www.britishland.com/media/news/2013/24-12-2013.aspx British Land and GIC Sign Joint Venture Agreement for Broadgate] 24 December 2015 {{webarchive|url=https://web.archive.org/web/20140226202727/http://www.britishland.com/media/news/2013/24-12-2013.aspx|date=26 February 2014}}

Buildings

File:RichardSerra Fulcrum.jpg's {{convert|55|ft|m|abbr=on}} high, free standing sculpture, Fulcrum.]]

The {{convert|538|ft|m|sing=on}} Broadgate Tower, the 5th-tallest building in the City after the Heron Tower, Tower 42, The Leadenhall Building and 30 St Mary Axe was completed in 2008 and has added more than {{convert|820000|sqft|m2|abbr=on}} of commercial floorspace to the estate. This building stands over the railway tracks out of Liverpool Street station.{{Cite web|url=https://www.skyscrapercenter.com/building/the-broadgate-tower/3257|title=Broadgate Tower|publisher=Skyscraper Center|access-date=15 June 2019}}

In early 2011 there was controversy over the redevelopment of the site of a Peter Foggo building, when it was suggested by the City of London's Chief Planning Officer Peter Rees and Ken Shuttleworth that Peter Foggo would have been pleased that the building would be demolished.{{cite web|url=https://www.theguardian.com/uk/2011/may/12/broadgate-demolition-plan-row|title=Heritage or horror? Row over Broadgate demolition plan|last=Booth|first=Robert|work=The Guardian|access-date=4 May 2020}}

The headquarters of Swiss bank UBS are situated at 5 Broadgate, a steel-clad groundscraper designed by Ken Shuttleworth of Make Architects.{{Cite web|title=5 Broadgate|url=https://www.makearchitects.com/projects/5-broadgate/|access-date=2022-02-09|website=Make Architects}}

Events

On 7 August 2010, Broadgate became host to the twice-monthly Broadgate Farmers' Market.{{cite web|url=http://www.lfm.org.uk/markets/broadgate/|title='Broadgate Farmers Market'|access-date=21 November 2014}}

In the winter months Broadgate Circle used to host Broadgate Ice; London's only turn up and skate ice rink. In November 2017, Broadgate installed their first Christmas market. {{cite web|url=http://thewinterforest.broadgate.co.uk/|title='The Winter Forest - Broadgate'}}

Arts Programme

In 2012, Broadgate announced the Broadgate Art Trail which would showcase 16 artworks over a 32-acre plot.{{Cite web|last=Moss|first=Abigail|title=Broadgate Art Trail: Broadgate the place to be?|url=https://www.theupcoming.co.uk/2012/06/22/broadgate-art-trail-broadgate-the-place-to-be/|access-date=2021-03-06|website=The Upcoming}}

References

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