Invested In Getting London’s Office Buildings Connected

There have been age-old problems with internet connectivity within office buildings:

• Offices sit empty for much longer than they ought to, partially due to lack of availability of enterprise grade internet connectivity. Leases don’t get signed and rental income is lost each month that each unit remains empty.
• Tenants typically identify the need to sort out connectivity quite late in the process. They contact an ISP only to discover it may take months before they get connected, and that they must obtain a wayleave agreement which involves bearing the cost of the landlord’s solicitor fees as well as their own. There may potentially also have to bear the cost of the property manager’s administration fees. Notwithstanding the potential Extra Construction Charges (ECC’s) which may be incurred if additional works are required to get the fibre to the building.
• Landlords/property advisors/managers get frustrated with the administrative burden of completing separate Wayleave Agreements and Licences To Alter (LTAs) for each new tenant connectivity request.