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Broadgate

Coordinates: 51°31′08″N 0°05′01″W / 51.519°N 0.0835°W / 51.519; -0.0835
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(Redirected from Broadgate Circle)

For other places with the same name, see Broadgate (disambiguation).
Broadgate Circle

Broadgate is a large, 32-acre (13 ha) office and retail estate in the Bishopsgate area of the City of London. It is owned by British Land and GIC and managed by British Land.[1]

History

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The original developer was a joint venture of Rosehaugh and Stanhope plc:[2] it was built by a Bovis / Tarmac Construction joint venture[3] and was the largest office development in London until the arrival of Canary Wharf in the early 1990s. The original scheme was designed by Arup Associates, Team 2, which was headed by Peter Foggo, who later left Arup to set up his own practice Peter Foggo Associates, where he completed the initial phase of works.[4]

Location

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Part of the Broadgate Centre, viewed from the top of the Willis Building in 2006. The cranes for the new Broadgate Tower can be seen in the background.

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. The perimeter of the managed estate is Bishopsgate 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 to the south. Included in the estate are Broadgate Circle and Exchange Square.[5]

Boundary changes which came into effect in 1994 now place the entire estate within the Bishopsgate area of the City of London, previously was in the Shoreditch, in the London Borough of Hackney.[6]

Ownership

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Several different companies such as British Rail have participated in the development of the estate. Between 2003 and 2009 the whole estate was owned by British Land, which has been involved since 1984. Statistics from British Land indicate that the estate provides 360,000 m2 (3,900,000 sq ft) of office, retail and leisure accommodation spread over 129,000 m2 (32 acres) and more than 30,000 people are employed there.[7] In October 2009, British Land sold a 50% share of the estate to the Blackstone Group.[8] In 2014, GIC agreed to acquire the 50% interest in Broadgate owned by the Blackstone Group.[9]

Buildings

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The Broadgate site features several works of public art, the largest of which is Richard Serra's 55 ft (17 m) high, free standing sculpture, Fulcrum.

The 538-foot (164 m) Broadgate Tower, the 5th-tallest building in the City after the Heron Tower, Tower 42, The Leadenhall Building and 30 St Mary Axe was completed in 2008 and has added more than 820,000 sq ft (76,000 m2) of commercial floorspace to the estate. This building stands over the railway tracks out of Liverpool Street station.[10]

In early 2011 there was controversy over the redevelopment of the site of a Peter Foggo building, when it was suggested by the City of London's Chief Planning Officer Peter Rees and Ken Shuttleworth that Peter Foggo would have been pleased that the building would be demolished.[11]

The headquarters of Swiss bank UBS are situated at 5 Broadgate, a steel-clad groundscraper designed by Ken Shuttleworth of Make Architects.[12]

Events

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On 7 August 2010, Broadgate became host to the twice-monthly Broadgate Farmers' Market.[13]

In the winter months Broadgate Circle used to host Broadgate Ice; London's only turn up and skate ice rink. In November 2017, Broadgate installed their first Christmas market. [14]

Arts Programme

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In 2012, Broadgate announced the Broadgate Art Trail which would showcase 16 artworks over a 32-acre plot.[15]

References

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  1. ^ "Savills acquires British Land's third-party property management portfolio". Savills.
  2. ^ "Sir Stuart Lipton: The veteran property developer with a vision for a swathe of rundown London". The Evening Standard. 12 December 2014. Retrieved 15 May 2024.
  3. ^ "Cranes and blue sky on a large construction site at Broadgate development in the City of London". Glix. Retrieved 15 May 2024.
  4. ^ "Practice History of Foggo Associates". Foggo.com. Retrieved 7 December 2016.
  5. ^ "Getting around broadgate". Broadgate. Retrieved 15 May 2024.
  6. ^ "The City and London Borough Boundaries Order 1993", legislation.gov.uk, The National Archives, 28 May 1993, SI 1993/1445, retrieved 21 February 2021
  7. ^ Broadgate (50% owned) Archived 4 March 2010 at the Wayback Machine
  8. ^ Strategic Partnership for Broadgate Archived 9 January 2010 at the Wayback Machine
  9. ^ British Land and GIC Sign Joint Venture Agreement for Broadgate 24 December 2015 Archived 26 February 2014 at the Wayback Machine
  10. ^ "Broadgate Tower". Skyscraper Center. Retrieved 15 June 2019.
  11. ^ Booth, Robert. "Heritage or horror? Row over Broadgate demolition plan". The Guardian. Retrieved 4 May 2020.
  12. ^ "5 Broadgate". Make Architects. Retrieved 9 February 2022.
  13. ^ "'Broadgate Farmers Market'". Retrieved 21 November 2014.
  14. ^ "'The Winter Forest - Broadgate'".
  15. ^ Moss, Abigail. "Broadgate Art Trail: Broadgate the place to be?". The Upcoming. Retrieved 6 March 2021.
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Media related to Broadgate, London at Wikimedia Commons

51°31′08″N 0°05′01″W / 51.519°N 0.0835°W / 51.519; -0.0835

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