Tech giant eyes East End space for 2019 relocation
As votes of confidence in London’s technological future go, NEX Group’s decision to look at space in the East End comes as a significant boost.
The financial tech firm, which has been based in offices in Broadgate for 13 years is eyeing 115,000sq ft of space in Spitalfields at the London Fruit And Wool Exchange, a site still under construction.
Fortunately NEX has no intention of taking up residence before 2019, when it will occupy about a third of the structure.
It’s at such a nascent stage, in fact, developer Exemplar has yet to set up a standalone website for the scheme which will eventually deliver 320,000sq ft fo space including 40,000sq ft of retail, restaurant, cafe, SME and community space.
For NEX, which is also consolidating its New York office space at 4 Times Square, the mooted move represents a step into the future.
CEO Jenny Knott said: “Like NEX, the London Fruit And Wool Exchange has undergone a transformation since its origins as London’s pre-eminent goods market.
“NEX is a financial technology business so we are really excited to be moving closer to a technology and commercial hub which aligns more closely with the NEX brand, and which provides the highest quality space for our employees.”
An artist’s impression of how the London Fruit And Wool Exchange in Spitalfields will look when work is complete