The building, which will boast 60,000 square feet of office space, will be one of two buildings, which will make up the London Bridge Quarter development.
Leading architect Renzo Piano designed the 17-storey building, dubbed The Place, and construction has already commenced.
Irvine Sellar, Chairman of Sellar Group, said: “The Place will be London’s largest and most efficient office building to hit the market in 2013 – at a time when there is expected to be a real shortage of prime Grade A space available to let. The Place benefits from sharing architectural, design and construction DNA with The Shard, which will be completed next year.
“Its location, on top of one of London’s busiest transport hubs, fulfils the needs of the employer and employees alike, as it is served by a mainline station, two underground lines, Thames Link and a large number of bus routes making the daily commute so much easier. But also it is located in one of the capital’s most dynamic and increasingly attractive areas that benefit from a wide range of cultural and leisure activities.”
CB Richard Ellis and Colliers International are in charge of letting the building. Digby Flower of CBRE called the London Bridge area “one of the capital’s most vibrant communities.”
He added that The Place provides the most efficient floor plates and sustainability levels possible.
Due to The Place’s double skin façade, only 12 per cent of the sun’s heat goes into the building, which cuts down drastically on the need to cool the building.
Also, carbon emissions from The Place are approximately 60 per cent less than the typical Grade A office building in London.
Editor’s notes: Using members of the team that built The Shard, The Place was completed in 2013. The 18-storey building in the London Bridge Quadrant provides over 430,000 square feet of office space and over 21,000 square feet of retail space.
The Place was also known as The Baby Shard until 2014 when its name was changed to The News Building as it, at the time, housed all of News UK’s London operations, including The Times, The Sunday Times, The Sun, The Wall Street Journal, Dow Jones, talkSPORT, TalkRADIO, Times Radio, Virgin Radio. Book publisher HarperCollins also rented office space in the building.
In January 2017, Sky News opened its new Business Studio in the building. However, in September 2019, Sky moved its business studios to join its sister channel CNBC Europe at 10 Fleet Place.
The building made the news, so to speak, in July 2022 when Extinction Rebellion activists smashed windows of the building in response to The Sun and The Times’ coverage of the 2022 United Kingdom heatwave.
Hybrid workspace provider Regus also operates space out of The News Building offering a range of flexible office and workspace solutions that act as agile alternatives to leased office space.