Cultural Mile

The City of London Corporation, together with the Barbican, Guildhall School of Music & Drama, London Symphony Orchestra and Museum of London, have announced plans for a major destination for culture and creativity in the Square Mile. Unveiled as ‘Culture Mile’, this ambitious and transformational initiative will create a vibrant cultural area in the north-west corner of the City over the next 10 to 15 years. Stretching just under a mile from Farringdon to Moorgate, Culture Mile will have creative exchange, cultural collaboration and learning at its core in an area where 2,000 years of history collide with the world’s best in culture.

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Property Investment Board Performance

The City of London’s Property Investment Portfolio delivered strong upper quartile performance for the year ending 31 March 2017. The MSCI UK March 2017 Annual March Universe assesses the property performance of 231 property portfolios, containing 10,105 properties, valued at £185.7 billion as at 31 March 2017. The City of London subscribes to and contributes data to MSCI to allow its three commercial estates to be benchmarked against the MSCI Universe Benchmark and a specialist benchmark.The overall performance of the three Property Investment Portfolios has been amalgamated into a “House Fund”.

As at 31 March 2017 the City of London’s performance was:

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City of London Corporation Open Spaces Bill

The City Corporation’s Bill on open spaces was successfully revived (without incident) in the Commons and Lords following the General Election. Standing Orders require two days’ notice of Third Reading (the stage which the Bill had reached when the Election was called) and so it was not possible to table it before the House rose. Notice of Third Reading will therefore be tabled on 5 September, the day the Commons returns from the Recess.

London Emergency Services Network

The London Assembly’s Oversight Committee took evidence from a number of representatives from the emergency services on the transition from the Airwave communication system to the use of the Emergency Services Network (ESN). The Committee heard that Airwave had been a success on its own terms, but that the system had reached the end of its life.

ESN would, the Committee heard, provide both voice and data functionalities, offer better coverage, allow greater interoperable working between the emergency services, and be cheaper than the existing system.

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