London’s financial district turning an empty office into a new home

The city of London, the financial district of the British capital, plans to transform empty offices into new homes as part of a plan to adapt to a new reality under the CCP (Chinese Communist Party) virus pandemic.

The district’s governing body, the City of London Corporation, said it would work with the real estate industry to “find new ways to use free space and aim for at least 1,500 new homes by 2030.”

This is part of a plan developed by City Corporation’s Recovery Task Force to develop an action plan for the next five years to make the district, also known as Square Mile, more competitive and attractive.

“Squaremile needs to adapt to post-pandemic economic and social trends in order to remain the world’s leading ecosystem,” said City Corporation. report It was released on Tuesday.

The company “curates an ecosystem of potential technology-driven businesses,” and “cooperates with the technology sector, which was not previously located on square miles, to help access this ecosystem.” ..

It also provides the cultural and creative industry with low-cost, long-term lending in empty and infrequently used spaces.

William Lassell, Mayor of London, said: The future of square miles is bright and will face the challenge of adapting to the new normals that emerge after the pandemic. “

Catherine McGuinness, Policy Chairman of City Corporation, said:

“Square miles need to evolve to provide an attractive ecosystem for workers, visitors, learners and residents.”

Less than one in seven leaders at a major UK company expects to return to office full-time by the end of this year, according to a new survey released earlier this month by office firm IWG.

According to the findings, companies are much more likely to pursue a hybrid work model in the future than asking staff to work in the central office five days a week.

PA contributed to this report.

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