Broadgate
Encyclopedia
City of London
The City of London is a small area within Greater London, England. It is the historic core of London around which the modern conurbation grew and has held city status since time immemorial. The City’s boundaries have remained almost unchanged since the Middle Ages, and it is now only a tiny part of...
, owned by British Land
British Land
The British Land Company plc is one of the largest property development and investment companies in the United Kingdom. The firm switched to Real Estate Investment Trust status when REITs were introduced in the United Kingdom in January 2007. It is headquartered in London...
and the Blackstone Group
Blackstone Group
The Blackstone Group L.P. is an American-based alternative asset management and financial services company that specializes in private equity, real estate, and credit and marketable alternative investment strategies, as well as financial advisory services, such as mergers and acquisitions ,...
and managed by Broadgate Estates. The original developer was Rosehaugh
Rosehaugh
Rosehaugh was a major property developer in the City of London and the Docklands in the 1980s and 1990s.The company became known because of its involvement in major redevelopment projects, such as the redevelopment of much of the Docklands and Surrey Quays , Lewisham as well as a number of high...
: it was built by a Bovis
Lend Lease Corporation
Lend Lease Group is a global property and infrastructure company headquartered in Sydney, Australia...
/ Tarmac Construction joint venture and was the largest office development in London until the arrival of Canary Wharf
Canary Wharf
Canary Wharf is a major business district located in London, United Kingdom. It is one of London's two main financial centres, alongside the traditional City of London, and contains many of the UK's tallest buildings, including the second-tallest , One Canada Square...
in the early 1990s.
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
Liverpool Street station
Liverpool Street railway station, also known as London Liverpool Street or simply Liverpool Street, is both a central London railway terminus and a connected London Underground station in the north-eastern corner of the City of London, England...
.
The perimeter of the managed estate is Bishopsgate
Bishopsgate
Bishopsgate is a road and ward in the northeast part of the City of London, extending north from Gracechurch Street to Norton Folgate. It is named after one of the original seven gates in London Wall...
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
Liverpool Street
Liverpool Street can refer to:*Liverpool Street station, a major mainline railway station in Central London, England*Liverpool Street, Hobart, a major street in the Hobart city centre....
to the south. Included in the estate are Broadgate Circle and Exchange Square. Boundary changes which came into effect in 1994 now place the entire estate within the City of London - previously a part was in the London Borough of Hackney
London Borough of Hackney
The London Borough of Hackney is a London borough of North/North East London, and forms part of inner London. The local authority is Hackney London Borough Council....
. It lies within the ward of Bishopsgate.
Several different companies have participated in the development of the estate. Between 2003 and 2009 the whole estate was owned by British Land
British Land
The British Land Company plc is one of the largest property development and investment companies in the United Kingdom. The firm switched to Real Estate Investment Trust status when REITs were introduced in the United Kingdom in January 2007. It is headquartered in London...
, which has been involved since 1984. Statistics from British Land indicate that the estate provides 360000 m² (3,875,007.8 sq ft) of office, retail and leisure accommodation spread over 129000 m² (32 acre) and more than 30,000 people are employed there. In October 2009, British Land sold a 50% share of the estate to the Blackstone Group.
The 538 feet (164 m) Broadgate Tower
Broadgate Tower
The Broadgate Tower is a skyscraper in London's main financial district, the City of London. It was constructed from 2005 to 2009 and is currently the fourth tallest building in the City of London....
, the 4th-tallest building in the City after the Heron Tower
Heron Tower
Heron Tower, also referred to as 110 Bishopsgate, is a skyscraper owned by Heron International in the City of London. It was completed in 2011...
, Tower 42
Tower 42
Tower 42 is the second tallest skyscraper in the City of London and the fifth tallest in London overall. The original name was the National Westminster Tower, having been built to house the National Westminster Bank's International Division. Seen from above, the tower closely resembles the NatWest...
and the 30 St Mary Axe
30 St Mary Axe
30 St Mary Axe, the Swiss Re Building , is a skyscraper in London's main financial district, the City of London, completed in December 2003 and opened at the end of May 2004...
was completed in 2008 and has added more than 820000 sq ft (76,180.5 m²) of commercial floorspace to the estate. This building stands over the railway tracks out of Liverpool Street station.
Broadgate Estates manage other major office and retail developments in London such as Paternoster Square
Paternoster Square
Paternoster Square is an urban development, owned by the Mitsubishi Estate Co., next to St Paul's Cathedral in the City of London, England. In 1942 the area, which takes its name from Paternoster Row, centre of the London publishing trade, was devastated by aerial bombardment in The Blitz during...
, home of the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
.
On August 7, 2010, Broadgate became host to the twice-monthly Broadgate Farmers' Market.