Al Jazeera Set for Shard Move

Posted on 20 July, 2013 by Jodee Redmond

Qatar based television broadcaster Al Jazeera is poised to become the first commercial tenant of the Shard. The news came just days after the announcement that Rupert Murdoch’s News Corp, will take up the whole of the Shard’s sister building, The Place.

The deal, which is the biggest one completed in London in the past eight years, follows several months of speculation that the owners have been struggling to find tenants.

Irvine Sellar, chairman of Sellar Property Group, said that Al Jazeera and a number of unnamed tenants are already fitting out floors in the building.

He stated, “The Shard will be fully leased by the end of 2014 in accordance with our business plan.”

The three restaurants situated on the 31st-33rd floors are already welcoming guests, and the city’s first Shangri-La hotel will open in the autumn. The 12 apartments located at the summit of the tower will be ready to market once the hotel is fully open.

Mr. Sellar said, “If you take the News Corporation brands and add Shangri-La, Al Jazeera and the restaurants…what a list of brands.”

He went on to say that by the end of 2014 there will be 12,500 people permanently employed in the two buildings and approximately one million people a year will be visiting the viewing gallery.

This will be the “first vertical town in Europe,” Sellar added.

Al Jazeera has taken 28,000 sq ft on a single floor for, what will become, its flagship studio. The broadcaster’s current London newsroom is in Knightsbridge.




Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Recent Posts

The best places to stay on the Riviera

The latest property data has identified Newquay as the fastest property seller’s market in the UK

Investing in your garden can increase your property’s value

French Riviera temping high-end homebuyers

How can the ownership rights of my commercial property impact a business sale?

Should I incorporate virtual property viewings permanently?

Investment expected to increase across Asia-Pacific in 2021

UK property industry slows as the conclusion of tax break looms

BNP Paribas cautioned investors on Friday as debt-trading bonanza that increased its earnings this past year

Over 300,000 property purchases fell through in 2020 – we show the most frequent motives and the best way to get your house sale back on track

House Prices in the Capital Surpass £500,000

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants

BA cuts 12,000 jobs, unions hit back

Media Streaming Service See Record Subscriptions