Tech startups favour offices in Silicon London
TMCnet - World's Largest Communications and Technology Community
New Coverage :  Asterisk  |  Call Recording  |  SIP Trunking  |  Fax Software  |  Load Balancer  |  PBX  |  SIP Phones  |  Small Cells
Webinars
Channels by Topic
Share
 
| More
RSS-XML alerts
Print this page
E-mail this page to a friend
TMCnews
[February 01, 2012]

Tech startups favour offices in Silicon London

(Guardian (UK) Via Acquire Media NewsEdge) Tech clusters are springing up all over London as international heavyweights including Google, Groupon and Facebook expand and scores of startups try to establish themselves.

Three weeks ago Spanish telecoms group Telefonica, which owns O2, chose Regent Street, central London, as the headquarters of its new global digital business. Telefonica Digital will take space in the Crown Estate's Quadrant 3 development.


Matthew Key, chief executive of Telefonica Digital, said: "London is arguably the biggest hub for technology startups outside Silicon Valley and a global centre for the media and advertising industries. It attracts the best talent." While overall demand for office space in central London fell by 27% last year, take-up from IT and telecoms firms more than doubled between 2010 and 2011, according to a report called Silicon London by property consultancy Knight Frank.

Aside from the creative hub in Shoreditch known as the Silicon Round about, home to more than 300 startups, tech clusters have sprung up in Clerkenwell, Covent Garden, Fitzrovia and the South Bank.


Chris Lewis, Deloitte's head of technology, media and telecommunications real estate, said: "There is an unstoppable move east within the tech super sector. Slowly it will have tentacles reaching across all of central London." (c) 2012 Guardian Newspapers Limited.

[ Back To TMCnet.com's Homepage ]

Bookmark mobile.TMCnet.com on your mobile phone now to stay on top of the latest tech news.
Featured White Papers
Featured White Paper RSS feed
Human Capital Asset Management and Workforce Optimization
Mobile Bill Shock: Leveraging FCCRegulations to Enhance the Subscriber Experience and Create Stronger Subscriber Loyalty
WiMAX Business Deployment Guide: Portability, not mobility, may be what makes WiMAX an attractive option for your current business broadband needs
view all white papers…
Top Stories
Today's TMCnet Top Stories and News Articles
In SEPA 2011 Ratings, PG&E Has the Number-…
Speech Analytics Provide Speedy Way to Search Recorded Calls
TMCnet Dialer Software Week in Review
Online Project Management Week in Review
Too Much Information is Overwhelming Doctors, Hospitals
more of today's top stories...
Related VoIP News
Latest IP Communitions and VoIP News
TMCnet VoIP Routers Week in Review
TMCnet Next Generation Communications Week in Review
Alcatel's AppGlide Provides Holistic View of the End-user Online Video Experience
Tekelec Adds Ten More DSR Clients
Alcatel-Lucent Goes on Tour
blog comments powered by Disqus

Upcoming Events

ITEXPO West 2012
October 2- 5, 2012
The Austin Convention Center
Austin, Texas
Mobility Tech Conference & Expo
October 3- 5, 2012
The Austin Convention Center
Austin, Texas
MSPAlliance MSPWorld™
October 3- 5, 2012
The Austin Convention Center
Austin, Texas

DevCon5
DevCon5 provides you with the information and tools you need to exploit the capabilities of revolutionary HTML5 technology
View all >>
Subscribe FREE to all of TMC's monthly magazines. Click here now.