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Landmark office fit out sparks bidding war

Posted by Trevor
August 8, 2013 in Office Partitioning

What has so far been considered one of the largest office fit outs ever is likely to spark a huge bidding war for the contract.

According to industry sources, the deal to fit-out Number 5 Broadgate, in the heart of London’s Square Mile, is one of the biggest to come on the market in years.

It is valued in the region of £100 million. As such, it is likely to interest some of the biggest and most innovative names in the industry.

The redevelopment of the site, which will see new offices for Swiss Bank UBS, takes up more than 700,000 square feet of new space. It will deliver state-of-the-art trading facilities for more than 750 traders. It will also offer outstanding facilities for more than 5,000 other staff.

A modern layout, the clever use of forward thinking practices such as office partitions to promote productivity and flow are likely to be called for. The site itself started to be developed back in April 2012, with the banking giant slated to be moving in towards the end of 2014. With the work progressing well, UBS is starting to open talks with fit-out firms.

An industry source said:

“This is one of the biggest fit out deals to hit the market for a while so the bidding race is sure to be ultra-competitive.”

Once completed, the building will become the new headquarters for the firm. UBS presently occupies a number of buildings in the Liverpool Street area of the capital’s traditional financial district.

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