+
Vacant offices in City of London to be transformed into 1,500 homes
Real Estate

Vacant offices in City of London to be transformed into 1,500 homes

The City of London Corporation has announced that offices and other buildings within London's Square Mile, which have been left vacant due to the Covid-19 pandemic, will be redeveloped and transformed into at least 1,500 new homes by the end of the decade.

The corporation told the media it would work with the property industry to enable and promote sustainable, flexible and adaptable buildings, including exploring new ways to use vacant spaces.

The announcement comes as many office workers have permanently adopted remote work during the Covid-19 pandemic, leaving prime real estate vacant in the UK's historical financial centre.

In a new report called ‘The Square Mile: Future City’, the corporation identified priorities for the next five years after consulting the public and industry leaders.

It was produced by the body's Recovery Taskforce, which was formed in response to the pandemic to define a more inclusive, innovative and sustainable vision for the city over the next five years.

The report also details investment in green finance, technology and infrastructure, with the city committed to achieving carbon neutrality by 2040.

Introducing traffic-free Saturdays or Sundays was suggested as a way to promote nightlife in an area typically deserted after the weekday traders and bankers have gone home.

A pilot scheme trialling the use of small cell and rooftop mobile infrastructure as part of plans to launch complete 5G coverage in the Square Mile.

Increasing numbers of major companies are embracing a hybrid or flexible staffing approach that blends home and office work.

Image Source


Also Read:Canada Pension Plan Investments to fund RMZ’s office space development

Also Read: Stylised innovative interiors for your space!

The City of London Corporation has announced that offices and other buildings within London's Square Mile, which have been left vacant due to the Covid-19 pandemic, will be redeveloped and transformed into at least 1,500 new homes by the end of the decade. The corporation told the media it would work with the property industry to enable and promote sustainable, flexible and adaptable buildings, including exploring new ways to use vacant spaces. The announcement comes as many office workers have permanently adopted remote work during the Covid-19 pandemic, leaving prime real estate vacant in the UK's historical financial centre. In a new report called ‘The Square Mile: Future City’, the corporation identified priorities for the next five years after consulting the public and industry leaders. It was produced by the body's Recovery Taskforce, which was formed in response to the pandemic to define a more inclusive, innovative and sustainable vision for the city over the next five years. The report also details investment in green finance, technology and infrastructure, with the city committed to achieving carbon neutrality by 2040. Introducing traffic-free Saturdays or Sundays was suggested as a way to promote nightlife in an area typically deserted after the weekday traders and bankers have gone home. A pilot scheme trialling the use of small cell and rooftop mobile infrastructure as part of plans to launch complete 5G coverage in the Square Mile. Increasing numbers of major companies are embracing a hybrid or flexible staffing approach that blends home and office work. Image SourceAlso Read:Canada Pension Plan Investments to fund RMZ’s office space development Also Read: Stylised innovative interiors for your space!

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code