10 Reasons to Invest in Canary Wharf

Landmarks of Canary Wharf

Best known as the headquarters of London’s global financial centre, Canary Wharf has become one of the capital’s most popular addresses for residential property investment.

Here we list 10 of the most compelling reasons to invest in Canary Wharf:

1. Centre of Regeneration: The Transformation From Derelict Dock to Leading Financial District Continues

The site where the Wharf stands was once the busiest shipping port on the globe, dating as far back as 1802. However, the docks began to decline in the 1950s leading to their closure in 1980. This gave way to a huge government backed re-redevelopment of the whole area which was granted status as an enterprise zone in 1983. Today, skyscrapers such as One Canada Square, which dominate the district, bear no resemblance to the Wharf’s former days as a shipping port.

Since the 1990s, regeneration has continued despite the area’s relative maturity in comparison to other London districts. From infrastructure improvements to business expansions and the opening of new retail complexes such as Crossrail Place, the development and popularity of this locale continues to grow.

2. Advanced Transport: A Transport Infrastructure Which Cannot Be Compared

Canary Wharf holds the capital’s most futuristic and sophisticated hub of travel interchanges integrating the DLR, Tube and Thames Clipper river bus services.

DLR

The DLR is London’s only automated metro system, built to serve the Docklands and its rapidly transforming business district. The service links the capital’s two financial hubs – the City and Canary Wharf, and will also link to its third, with the emerging status and massive investment being generated across the Royal Docks.

Jubilee Line

With an average two minute journey time between stations, the Jubilee Line connects to London’s entire transport network while crossing the metropolis in around 20 minutes. With the imminent introduction of a 24-hour Friday and Saturday service, and already being the third busiest on the Tube network, the Jubilee line is fast becoming the capital’s most important and strategic service.

Thames Clipper

For those who prefer the scenic route, Thames Clippers provide regular and fast connections from Canary Wharf to key commuter hubs including Tower Hill, London Bridge, Greenwich, Embankment and Waterloo. With airline-style seating, coffee bars and disabled facilities, the Clippers offer a highly efficient form of public London transport.

3. International Airport: Convenient Travel to 32 Overseas Destinations Including New York

Not many London locations can boast an international airport practically on their doorstep.

Having received the green light for a £200 million expansion, the airport is set to increase the number of arrivals and departures from 70,000 a year to 111,000, almost doubling the number of passengers to six million a year by 2023. Destinations will also expand as larger aircraft will enable flights to Russia and South Africa. The expansion further endorses London City Airport as a world class international gateway for business and private travellers alike.

4. The Crossrail Effect: A New ‘Super Highway’

Infrastructure expansions have historically played a key part in property price performance, especially in the London property market. The extension of London Underground’s Jubilee line in the late 1990s was the largest addition to London’s transport network in more than 25 years and was thought to have generated a land value of about £9 billion.

The new Crossrail interchange at Canary Wharf is one of the largest of its passenger hubs. The £500 million complex descends six-storeys providing some £100,000 square feet of retail space alone. When fully-operational in 2018 the line will provide direct connections to Heathrow Airport amongst a host of other east-west destinations.

Canary Wharf is tipped as one of Crossrail’s biggest winners with international property agents JLL predicting a price growth forecast of 44% by 2020.

5. Business and Finance: The Centre of Global Commerce

With over 97 acres of some of the world’s most highly specified urban architecture and public realm, the number of bankers now employed at Canary Wharf has overtaken that of the City of London, making the district the biggest employer of bankers and executives in Europe. From global banks to leading law firms and media agencies, Canary Wharf’s tenants include Bank of America, Clifford Chance and Trinity Mirror.

Canary Wharf is now attracting London’s fast emerging tech industry – fuelling its next phase of growth.

6. Leisure and Amenities: A Showcase for Opulent Leisure and Sophisticated Cultural Style

Canary Wharf provides the ultimate lifestyle destination for retail excellence, fabulous al-fresco cuisine, art, entertainment and an endless array of diverse culture and recreational pursuits. Its accolades include 845,000 square feet of retail therapy, one of the UK’s most sizable collections of public art and the largest health club in Europe.

The latest retail and dining experience opened in May this year above the Canary Wharf Crossrail station. Crossrail Place, marketed as ‘a brand new world,’ offers famous dining at Big Easy, unique cinema screening at Everyman and Psycle gym for fitness fanatics.

7. Riverside Appeal: The Heart of the Capital is the River Thames

The River Thames is considered by many as Britain’s most valuable development site, attracting over 20 million visits a year from walkers, joggers, cyclists, tourists and cruise ship passengers.

Flowing through the capital the River Thames reaches Canary Wharf as it loops around the Isle of Dogs, creating scenic docks which surround the Wharf and extend to West India Quay. From dockside bars and eateries to river boat transport and a rich waterside heritage, the River Thames adds culture, charm and convenience to Canary Wharf.

8. Location, Location, Location: All of London Within Easy Reach

A fantastic infrastructure and convenient location means that Canary Wharf is perfectly placed to experience the very best that the capital has to offer.

Finance and fine dining in the City – 11 minutes to Bank via DLR

Spectacle of arts and culture at the South Bank – 9 minutes to Waterloo via Jubilee line

High-end fashion and theatre of the West End – 15 minutes to Bond Street via Jubilee line

9. Capital Growth: 40-50% Property Price Growth from 2015 to 2020

Regeneration, Crossrail and property demand have together sustained strong capital growth in Canary Wharf.

Knight Frank’s April 2015 figures from their Spring Residential Report highlight a striking 9.2% house price growth in Canary Wharf over the past 12 months; exceeding the average London figures of 2.8% in prime central and 4.5% in prime outer London. And figures are set to rocket even further with the arrival of Crossrail bringing an anticipated 44% increase between 2015 and 2020 according to JLL.

10. Buy-to-Let Potential: Employment has Quadrupled in a Decade

With over 100,000 employees and executives in Canary Wharf, the potential from the corporate rental catchments can’t get any better but it can get bigger! As commercial expansion continues, most interestingly led by new interest from the tech-industry, employment is forecast to double to 200,000 over the next decade. Today the district is the biggest employer of bankers in Europe and London’s highest salary postcode which averages £100,000.

The 30-year transformation of London’s Docklands district:regeneration brings thousands of new homes and Crossrail to east London

London City airport celebrates three epic decades of change, transforming Docklands into a boom town of new neighbourhoods and cultural hubs.

  • When London City airport opened in May 1987, Beckton was so bleak that film director Stanley Kubrick chose it as a location for his epic Vietnam war movie, Full Metal Jacket. But as the airport approaches its 30th birthday, its future, and that of the surrounding Docklands district, has never looked more promising.

    Propelled by the success of Canary Wharf, the Docklands Light Railway, the 2012 Olympics, the creation of the new London City Island neighbourhood and the promise of Royal Docks regeneration, this unsophisticated spot in the boondocks has become a boom town.

    LONDON CITY AIRPORT TURNS 30
    The capital’s smallest airport is flourishing, with the blessing of most local residents who are reassured by a ban on night flights that minimises noise nuisance.

  • Far from being an environmental negative, the airport is considered a big plus for the area. It serves more than 40 UK and European destinations plus New York, while government-approved expansion is unlocking opportunities for longer-haul destinations to Africa and Asia and creating more than 2,000 jobs for locals.

    New owners paid £2 billion for the airport last year and have pledged £350 million of investment, including new jets, to increase the number of annual passengers from 4.5 million to 6.5 million by 2025. More than half are business travellers, a higher proportion than any other UK airport.

    This location is plugged into the DLR, while a London City airport Crossrail station, part of the Canary Wharf to Abbey Wood spur, is on the horizon.

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    Transport-led improvements: DLR is key to the E16 success story

    There are also advanced plans for more river tunnels and bridges in this part of east London, and for an extended riverbus service beyond Woolwich.

    The airport’s spectacular island runway in the middle of Royal Albert Dock seems to enhance the awesome urban setting. Certainly this is a part of the capital to live in if you like big skies and dramatic riverscapes.

    Fast improving, it offers the chance to buy into a cheaper London district with considerable upside. The same applied to nearby Canary Wharf 20 years ago, and look what happened there.

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    Regeneration zone: the area became so grim it was used as a location for Vietnam war film, Full Metal Jacket

    SILVERTOWN GOES FOR GOLD
    The three Royal Docks — Victoria, Albert and George V — formed the largest enclosed docks in the world when they were built more than 100 years ago. The district is equal in size to the area from Hyde Park to Tower Bridge, with 12 miles of waterfront, more than Venice.

    When shipping ceased in the late Seventies, the area fell into isolation, but attempts to revive it as a global trading centre are succeeding, with science and business parks and a huge commerce and technology “port” aimed initially at Asia-Pacific companies. Regeneration is rippling out, through Canning Town to the new mini city that is Stratford.

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    Rivalling Battersea: £3.5 billion Silvertown Quays will have 3,000 homes, workspace and a piazza as big as Covent Garden’s

    Newly announced Silvertown Tunnel is set to open by 2023 and will integrate with a new 62-acre, 3,000-home neighbourhood called Silvertown Quays.

    This £3.5 billion development is being built around a huge, currently derelict, Art Deco flour mill that is similar in scale to Battersea Power Station. It will be a place to work as well as live, with a central piazza the size of Covent Garden and “brand” showcase pavilions for global design and tech companies.

    NEW ROYAL WHARF DEVELOPMENT BRINGS FAMILY-FRIENDLY TOWNHOUSES
    In this part of Docklands, most new homes are flats in modern-design apartment blocks. But houses are being built too, to encourage families to move to the area. Royal Wharf, formerly a lubricants plant, is another new neighbourhood taking shape, with 3,385 homes, including London’s biggest batch of new townhouses.

    Though the architecture is contemporary, the development is rooted in old-fashioned design principles, inspired by London’s traditional landed estates, with their uncomplicated pattern of streets and squares. It will have its own school and DLR station, and almost half of this mainly low-rise development is open green space.

    Eventually more than 20,000 people will live and work there. Prices from £365,000, with townhouses from £1,082,000. Call 020 7118 0400.

    Royal Albert Wharf, another development, aims to bring convivial waterfront living to the still-raw Beckton landscape. This new “quarter” of 1,500 homes has flats grouped around the dock and a handsome Edwardian pump house. A new bridge across the dock will link with new shops and offices. From £362,000. Call 020 8357 4579.

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    From £399,950: new homes at London City Island

    LONDON CITY ISLAND
    Twelve-acre London City Island sits in a loop of the River Lea as it joins the Thames and has vibrantly coloured glazed-brick apartment blocks alongside lush gardens and an exotic outside swimming pool. And the area is no longer a cultural desert. English National Ballet is quitting Kensington to relocate to a dazzling new headquarters with performance space at City Island.

    London Film School is also moving there, and the development is on the route of The Line, the capital’s first dedicated contemporary art walk running from Stratford to Greenwich and marked with outdoor sculptures by the likes of Gary Hume, Eduardo Paolozzi, and Damien Hirst. Prices from £399,950. Call 020 7118 0400. The scheme also has a New York-style deli and grocery alongside the chill-out spa complex and social club.

    Popular older developments include Western Beach, Capital East, Eastern Quay, Tradewinds and Barrier Point, which has a splendid riverside park. In general, resales start from about £350,000 and rise to more than  £1 million for penthouses.The

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    From £575,000: homes at One Park Drive in Canary Wharf

    CANARY WHARF
    Property values in the London City airport area are still at least 25 per cent below those surrounding the Canary Wharf business zone, where a new wave of luxury skyscrapers is pushing up prices.

    The latest scheme to launch is One Park Drive, a corn-cob shaped 58-storey tower designed by Tate Modern architects Herzog & de Meuron. Prices start at £575,000 for a studio and £1,080,000 for a two-bedroom apartment. Call 020 7001 3800.

    Nearby South Quay Plaza has 888 homes, many in a 66-storey skyscraper built at a 45-degree rotation to ensure apartments are dual aspect. Designed by Foster + Partners, the tower has a luxury health club and brings a new dockside promenade and park plus shops, bars and restaurants. Prices from £675,000. Call Berkeley Homes on 020 3675 4400.

    While these swish homes are aimed at high-earning bankers and corporate lawyers, those further east are more affordable and set to benefit from London Mayor Sadiq Khan’s investment masterplan for the Thames Gateway.

    DAVID SPITTLES

7 things to lookout for when hunting for a new office space

Posted on March 18, 2017 by Workafella in Blog

Before you begin on this arduous journey from finding the location for your office to fine tooth combing the actual facilities of a fully furnished private office, stop to consider these key factors.

  1. Location – Ok so you want office space. Where? In the downtown business center with flashy furnishing? Or a nook in any corner of the city? The nearer your office is to the business center the more the rent. Generally take a look at your clients. If your clients are mostly from IT industry, even a small office in the IT park will get you more business. Accessibility and vicinity to clients are important points to consider here.
  1. Right size – An open office system with beanbags and cushioned couches maybe the best idea for a fully furnished office but can you afford this? A few small cubicles will occupy far lesser space. Money spent on unused walking spaces can be used elsewhere in business, especially during the early stages.
  1. The image – Your office space is a fantastic branding tool and hence must reflect the style and image of your industry and work culture. Pop singers with their hair down may not be the right wall art everywhere. The image brings us two very important and often confused points. Fully serviced and fully furnished office spaces. One is service and the other is infrastructure. Let’s consider them
  1. Fully furnished – This is the most important factor as you and your team will work in the accepted infrastructure everyday. This includes cabling, suitable light  fixtures and power points, furniture, air conditioning, internet access and most important of all providing the customized office space in the business centre.
  1. Fully serviced – These include all the amenities provided apart from the infrastructure. These ranges from providing photocopy and fax machines and the ability to book conference rooms managed by the serviced office operators to kitchen, pantry services, food options, transportation, security, high speed internet, quality of bathrooms or even the number of electrical outlets can be differentiators between two similar space alternatives.
  1. Flexibility – A friendly and approachable workspace provider in a blessing. Allowance for flexibility is a key factor, as your office space requirements will change as you grow. A flexible option in your lease agreement that entails your expansion of space to meet your business growth is important. Another important factor is the flexibility in timing. Your clientele may range from Australia to North America and all the time zones in between and you may require an office that allows you to come and go at all times.
  1. Hidden costs – Many workspace providers may offer bare bone offices at low prices and add piecemeal prices for every amenity. Wear your magnifying glass while going through the lease agreement and look for these hidden costs. They may include extra for common facilities, maintenance charges, virtual office address, anything. It is advisable to rent space with providers who offer the fully furnished and fully serviced offices with no hidden costs.

Finally, a parting advice: This office space is yours. Look for what is important to you. Prioritize your needs. You may want a space in the middle of the business center and will settle for a desk and chair. You may want to be part of a large coworking area to network with others and build your business. You may want a large space in the middle of nowhere to build your alien-attacking robot. Choose well.

SERVICED OFFICE COMPANY WIN PRESTIGIOUS BCA AWARD AT GALA EVENT

We are excited to announce that our Davenport House Business Centre, Canary Wharf, have been awarded the Independent Business Centre of the Year 2016 at the National BCA Gala Dinner, held at the fabulous Sheraton Grand London Hotel on 25th November 2016.

Tracy Vickers, General Manager at Serviced Office Company, commented:

“We are so proud of the team at Davenport House for winning this prestigious and much coveted award, they always give 110% and this is shown by the number of nominations received from our clients and the context of those nominations – WELL DONE Raquel, Anna & Jenny!

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We are also pleased to be able to congratulate Essensys, our IT & Telco provider, for winning the BCA Partner of the Year award 2016.

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This is how MediaCityUK could look after it doubles in size following second phase of ambitious development

The striking images show what the site on the banks of the Quays will look like after 10 new buildings are added

MediaCityUK phase two - How the huge site will eventually look

Plans for the next huge phase of MediaCityUK – which will see it DOUBLE in size – will go before planning bosses next week.

These striking images show how the thriving area of Salford could look once 10 new buildings are added on the banks of the Quays.

The ambitious blueprints include proposals for four massive apartment blocks containing 1,400 flats, two swanky office blocks, and new creative and media space.

Plans from The Peel Group, which will be considered on Thursday, also include a market and events building – and a ‘Georgian-style’ public square.

Up to 10 new buildings are in the pipeline over the next decade, with a development value of more than £1bn.

Outline planning permission for the MediaCityUK ‘masterplan’ was granted in 2006.

That approval was subject to a number of conditions, including the need for further plans to be submitted within a decade as ‘phase two’ plots were primed for development.

Thursday’s ‘reserved matters application’ will see the appearance, scale and landscaping for each new building scrutinised by council chiefs.

‘Phase one’, which started in 2007, was completed earlier this year, with ITV, the BBC and the University of Salford – and 250 others – opening up new bases at the £650m Quays HQ.

A staggering 1.5m sq ft of office, media, residential, university, retail and leisure space has been built so far.

A multi-storey car park boasting more than 2,000 spaces was also constructed.

‘Phase two’ will expand MediaCityUK by 2.3m sq ft across a nine plots.

MediaCityUK phase two - How the huge site will eventually look

MediaCityUK phase two – How the huge site will eventually look

Plans, which are recommended for approval by town hall officers, include two office buildings, four apartment blocks up to 25-storeys high, thousands more parking spaces and vast public realm improvements.

There will also be 26 duplex townhouses and maisonettes.

To make way for the second phase of the huge project, the Pie Factory and the Greenhouse building are set to be demolished.

MediaCityUK managing director Stephen Wild said: “Phase two provides a unique opportunity for a new generation of designs to complement what is already a thriving and vibrant destination.”

MediaCityUK could double in size in the next 10 years

MediaCityUK is set to double in size over the next decade under ambitious plans submitted to Salford City Council.

Up to ten new buildings are envisaged with a development value of more than £1bn.

Key features of phase two of MediaCityUK include 540,000 sq ft of offices, 1,800 apartments, retail and leisure, complemented by innovative public spaces with a pedestrian promenade running through the scheme.

A full list of phase two details can be found here.

Outline approval for the plans was granted in 2006. A condition of that permission was that detailed proposals, including all building designs and specifications, needed to be brought forward this year. The plans are expected to be considered by Salford’s planning panel in September.

MediaCityUK is a joint venture between Peel Land and Property and Legal and General Capital, who share a long-term commitment to the further expansion of a creative and digital hub which already houses 250 businesses including the BBC, ITV, dock10, Ericsson and SIS.

Steven Underwood, chief executive of The Peel Group, said: “This application is another major step forward in the evolution of MediaCityUK.

“Our partnership with Legal and General Capital, alongside continued support from the public sector, provides a strong platform to deliver future development phases of the UK’s fastest growing hub for the creative and digital industries.

“MediaCityUK is a shining example of what can be achieved across the Northern Powerhouse, combining the talents of great people with ambition and vision.’

Paul Stanworth, managing director, Legal and General Capital, said: “Urban regeneration of the scale being delivered at MediaCityUK has the ability to make a sizeable economic impact, both locally and nationally.

“Legal and General Capital saw this potential when we invested in the project last year and are excited to be working with The Peel Group together with key partners to put forward plans for the second phase.

“We hope to deliver much-needed homes, hubs for businesses and new retail, leisure and public spaces for residents, workers and visitors to enjoy.”

Development at MediaCityUK continues apace with the new Tomorrow building coming on stream during the summer and The Lightbox apartment block due to commence construction in early 2017.

Stephen Wild, managing director, MediaCityUK, added: “We pride ourselves on having created much-loved buildings such as The Pie Factory and The Greenhouse.

“Phase two will provide a unique opportunity for a new generation of designs to complement what is already a thriving and vibrant destination.

“Like any city, we continue to grow in line with the needs of business – today’s plans show the huge potential for the MediaCityUK of 2026.”

A team of architects led by master planners, Chapman Taylor, was appointed to design the individual plots.

7 JUN 2016 BY LUCY ROUE

5 OF THE BEST: FUNKY NEW MANAGEMENT TOOLS

FROM COLOUR-CHANGING SLEEP PODS TO DIGITAL LUNCHBOXES, INSIGHTSTAKES A LOOK AT FIVE OF THE MOST INNOVATIVE AND QUIRKY TOOLS ON THE MARKET TO HELP MANAGERS BE THE BEST THEY CAN BE

Jermaine Haughton

The demands of the modern workplace require managers not just to oversee and delegate the work of their staff, but to also be responsible for the motivation, creativity and responsiveness of their team. Not to mention multitasking on more than three or four projects at the same time.

Gadgets and apps have been developed to support managers in dealing with these challenges, and here Insightsreviews five of the coolest, funkiest and most innovative management tools on the market.

MY COOCOON

Created by Valerie Corcias and Dominique Kelly, founders of designer accessories and apparel firm Pantone Universe, My Coocoon provides workers with padded, comfy pods with a surrounding orb that changes colour to match the user’s mood, using a smart-connected app.

Intended to act as a gentle and intimate space for staff to regain confidence and concentration while completing their work, the start-up’s founders believe the product’s unique use of colour therapy can be the ideal calming effect for managers and their teams.

Last year the installation spent two months in Canary Wharf. “It stayed in an incubator with people working on financial technology,” said Kelly. “All the staff changed their way of working, and they changed the way they connected with work and with other people”

Research is divided on the impact colour therapy can have on improving an individual’s handling of pressure and stress, but some experts are convinced by its benefits.

Ingrid Collins, a consultant psychologist, said: “We know that the cells of the human body are constructed from atoms and that each atom consists of particles of energy in constant motion. We are therefore at the most fundamental level made of energy and information, so when we add a particular colour we are adding energy into our lives.”

KLAXOON

Collaboration and engagement are two buzzwords managers up-and-down the country refer to on a daily basis. Klaxoon’s cross-device platform is an example of a new tool which helps bring those terms into reality.

Consisting of a collection of tools that facilitate interactivity, Klaxoon Session allows users to simply plug in their content and be ready to offer simple, playful and effective activities to a group, including quizzes, surveys, challenges, brainstorming activities or live messaging to up to 1,000 participants.

Research from Epson and the Centre for Economics and Business Research (Cebr) has found workers waste two hours and 39 minutes in meetings every week, and it’s costing businesses an estimated £26bn a year.

Repetition of information, lack of focus amongst attendees and unstructured agendas were seen as the top time-wasters in meetings closely followed by technology.

Through Klaxoon, company presentations or meetings can take into account delegates’ opinions and interests, as managers can launch surveys to determine how many people understood the content.

PREPD

Prepd Pack attempts to make lunch easier, healthier and digital by using its sealed multi-configuration lunch boxes and app to help users plan, prepare and track the nutritional value of their lunches.

While breakfast is commonly considered the most important meal of the day, lunch is not far behind. Often providing a much-needed break away the office, having a nutritional meal is essential to avoiding an afternoon slump.

Beverly Beuermann-King, a Canadian stress and wellness expert, believes that how we handle our lunch breaks has a huge impact on how we feel for the rest of the day.

“It is about using our energy wisely and replenishing that energy so that we have a rhythm to life,” she said. “We know that our digestion needs time to do its thing properly. We also know our bodies need down time in the middle of stressful situations to recoup energy and be able to refocus.”

The Prepd app contains easy to follow meal plans, making it easier to cook lunch for multiple days at a time, and prepare a week’s worth of lunches in under an hour.

Furthermore, workers who are trying to lose weight can benefit from the Prepd App providing instant access to the calories and ingredients within the meal, as well as feedback about their diet.

At a time when 13% of workers seldom or never’ take time for lunch at all, Prepd is useful for reminding managers that lunch can be simple, cost-effective and not time-consuming,

CHARLIE

A key networking tool, Charlie can help managers prepare for key meetings, and corporate social events by giving them essential background information on whoever they are about to meet.

Gathering together data from a range of sources, including social media and news sites, Charlie automatically sends users a one‐page profile on the people they’re set to talk to, before they even meet them.

This gives managers a vital advantage, allowing them to identify the key interests and motivations of the subject, the best way to open up a fruitful discussion and make the all-important, great first impression.

Research shows that most people decide whether or not they like you within the first seven seconds of meeting, spending the rest of the conversation internally justifying their initial reaction, so hitting the right note at the beginning of a meeting is essential.

LIVESCRIBE 3 SMARTPEN

Connected to iOS and Android devices, the Smartpen is a fast and easy way of digitising note-taking.

Designed to work and write like a premium ballpoint pen, the Livescribe 3 Smartpen uses Bluetooth to send everything that is written by the user straight to their smartphone or tablet.

Whether you’re on the commute and an idea pops into your head, or you’re at a major client meeting receiving feedback, taking notes is an invaluable part of a manager’s life.

Therefore, by storing and organising everything the user has written on paper, arranging notes chronologically, syncing recorded audio to the written or drawn words and allowing for the sending and sharing of PDF’s of notes, Livescribe helps managers build up a easily-accessible bank of knowledge and information that they can access at any point.

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