North West property "giant" launches flagship central London office development

North West based property company, FI Real Estate Management (FIREM), has launched a new “flagship” office development in central London following a £3m refurbishment programme.

18 King William Street, located next to the new Bank Station entrance and Monument tube, is a prominent, seven-storey building occupying a prime position at the junction of King William Street and Cannon Street.

While representing the Chorley based company’s launch into the London market, the building joins FIREM’s existing £1.2bn worth of assets across the UK. This portfolio comprises more than 10 million sq ft of property and land with plans to build a further 6.5 million sq ft in the pipeline.

An anchor tenant has already been secured, with one of the UK’s leading providers of flexible office space taking occupancy of the whole building. FigFlex London will be the largest FigFlex centre to-date, providing 900 work spaces for freelancers and new start ups to multinational companies across 50,000 sq ft.

Managing director, Tim Knowles, who founded FI Real Estate Management (FIREM) in 1982, commented: “18 King William Street represents a huge statement of ambition to make our presence known in the capital and expand our UK-wide portfolio.

“We are driven by a determination to stay ahead of the curve in terms of what businesses need from their space, and our investment strategy ensures that the evolving needs of businesses are met with the highest quality developments.

“The resoundingly positive response to our newly-refurbished 18 King William Street development is a mark of the many months of master planning and refurbishment work that has created something truly special for the London market.”

Ryan Barber, asset manager at FI Real Estate Management, added: “How companies utilise office space has changed significantly in the last 24 months and we are investing in our portfolio to respond to these changes.

“Our anchor tenant at 18 King William Street has already reached more than 67 per cent occupancy, which is proof of the huge demand for high quality, flexible, coworking space with unrivalled customer service in a prime location.”

By Matthew Neville – Senior Correspondent, Bdaily

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