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10 December 2020

Europe’s first vertical village, 22 Bishopsgate, has reached completion.

Powered 100 per cent by renewable energy, 22 Bishopsgate is designed to put people first and aims to set new technology and sustainability standards for the workplace alongside commitments to health, learning and inclusion.

"Many aspects of 22 Bishopsgate were aspirational when they were originated but are now, fundamental necessities, and many more ideas are available to us using new technologies." 

–Harry Badham

UK Development Director, AXA IM - Real Assets

Opening Mid-2021

Lipton Rogers Developments, AXA IM - Real Assets’ development partner for the project and Multiplex, the development’s main contractor, have now handed the project over to 22 Bishopsgate’s operational team who will oversee the onboarding of the first occupiers. The project is expected to be fully operational and formally open mid next year.

Around 60 per cent of the space, representing around 680,000 sqft, has already been pre-leased to 14 occupiers across asset management, legal, technology, and professional services sectors. 

The first five tenants, spread across eight floors in total, are due to complete the fit-out of their space early next year, with some having commenced their works in late 2019 / early 2020.  

A further four companies are already in the process of fitting out another seven floors in total, with staff expected to take residency during Q2 2020.

The remaining four pre-let occupiers are expected to begin fit-out of eight floors during the first few months of 2021. Guest management company Portico has been selected to provide resident and guest services.

Picture: a photograph of a co-working space within 22 Bishopsgate. Image credit: 22bishopsgate.com

Harry Badham, UK Development Director at AXA IM - Real Assets, commented: “From the outset, 22 Bishopsgate was conceived as a people-centred and technological advanced building and now, more than ever, do we appreciate the importance of that goal.  Against the backdrop of the pandemic, many structural changes that were dictating the future of the real estate industry have accelerated exponentially - changing people’s expectations and leading to increased demand for healthier, more uplifting, more purposeful and more productive spaces. 

“Many aspects of 22 Bishopsgate were aspirational when they were originated but are now, fundamental necessities, and many more ideas are available to us using new technologies. We have no doubt that, while it continues to evolve and adapt, the office will remain central to people’s lives - driven by the collaboration, learning, relationships, continuity and sense of belonging it helps inspire. To create a great place for our residents, we must also be prepared to be continually assessed and to continually respond to their requirements.”

22 Bishopsgate - A Benchmark for Smart Buildings

With approximately 150,000 sq ft of amenities, 22 Bishopsgate will be the first major London building to embody the structural and cultural shifts in how people work and live, which have only accelerated as a result of the current pandemic.

22 Bishopsgate incorporates a range of new technologies and innovations including 52 double-decker lifts (of 60 in total) which can travel at 30 km per hour and will be the fastest in London.

The operational team has already put into action the app-based entry and security system which allows residents one-click registration and touchless access to the building using NFC or QR technology or (opt-in) facial recognition system. 

Once fully operational the app will allow workers in the building to control smart blinds, which are built into the triple glazed windows to control sunlight as well as pre-order food and drink items from The Market to have ready for collection on entrance or booking app for a number of on-site services in the building, including meeting rooms and spa slots.

All the technology and systems of the building operate over a converged network and are connected to a self-learning fault detection and diagnosis system. This collects and analyses over one million data points per day on temperature, air, light, water and the flow of people with the aim of increasing energy efficiency, lowering operational costs and simplifying repairs. 

Picture: a photograph showing a view of a common area within 22 Bishopsgate. Image credit: 22bishopsgate.com

Article written by Ella Tansley | Published 10 December 2020

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