Old Broad Street London: Property, Development, Location, Architecture, Owner
125 Old Broad Street
City of London Offices Building Information, England, UK – by Trollope & Colls
27 Nov 2007
125 Old Broad Street London
Address: 125 Old Broad Street, London EC2
Former title: Stock Exchange Tower
Size: 31,000 m²
Completion: December 2007
Ownership: Hammerson 50%/GE Real Estate 25%/ Bank of Ireland 25%
No of tenants: N/A
125 Old Broad Street Offices
In February 2006, Hammerson started work on the redevelopment of the 26-storey tower building at 125 Old Broad Street, formerly occupied by the London Stock Exchange, to provide 29,400 m² of Grade A office accommodation and 1,600 m² of retail and storage space. Completion is scheduled for December 2007.
In November 2006, Hammerson sold a 50% stake in the development to two joint venture partners, GE Real Estate and Bank of Ireland to show a profit of £46 million.
125 Old Broad Street London – Information from Hammerson PR in 271107
Standing at 100 m (328 ft) tall with 26 floors, the Stock Exchange Tower was completed by Trollope & Colls in 1970 and officially opened by Queen Elizabeth II on 8 November 1972.
It served as the headquarters, offices and trading floor for the London Stock Exchange until the exchange departed for new premises in nearby Paternoster Square in July 2004. Face-to-face trading was conducted on the trading floor of the exchange until it was abolished in favour of electronic trading in the October 1986 deregulation of the London Stock Exchange known as the ‘Big Bang’.
On 20 July 1990 the Provisional IRA exploded a bomb inside the tower, causing its evacuation. The bomb destroyed the public viewing areas in the building which subsequently closed in 1992. It was also evacuated on 11 September 2001 after the terrorist attacks on the World Trade Center in New York City.
The building underwent a major renovation which saw its pre-cast concrete façade reclad in a high-performance glass curtain wall, and thousands of square metres of additional office space created, including a new 10-storey building at No. 60 Threadneedle Street, a six-storey wing to the east, and a single-storey wing to the northwest. As part of the renovation, the floor plates were extended beyond the perimeter of the original building to give more overall space. The renovation scheme was designed by Grimshaw Architects.
The building has 11 passenger lifts and one goods lift, as well as firefighting lifts and vehicle shuttle lifts.
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Old Broad Street London – page