Tech gi­ant eyes East End space for 2019 relocation

The Wharf - - Property -

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

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