104-645: Seething Lane is a street in the City of London . It connects All Hallows-by-the-Tower , Byward Street , with St Olave's Church, Hart Street . The street is named after an Old English expression meaning "full of chaff ", which was derived from the nearby corn market in Fenchurch Street . Samuel Pepys lived there and is buried in St Olave's Church at the junction with Hart Street. A bust of Pepys, created by Karin Jonzen, sits in
208-587: A councillor ) to the Court of Common Council of the corporation. Only electors who are Freemen of the City of London are eligible to stand. The number of commoners a ward sends to the Common Council varies from two to ten, depending on the number of electors in each ward. Since the 2003 review it has been agreed that the four more residential wards: Portsoken , Queenhithe , Aldersgate and Cripplegate together elect 20 of
312-399: A business district, the City has a small resident population of 8,583 based on 2021 census figures, but over 500,000 are employed there (as of 2019) and some estimates put the number of workers in the City to be over 1 million. About three-quarters of the jobs in the City of London are in the financial, professional, and associated business services sectors. The Roman legions established
416-406: A century. The Knollys Inn, on the west site of Seething Lane, was established in 1370 when Sir Robert Knollys purchased the estate from Thomas de Brandon. Sir Francis Walsingham lived on Seething Lane from 1580 until his death ten years later. Frances Seymour, Duchess of Somerset was born at the house in 1599. The Earl of Northumberland owned Walsingham House from 1603 to 1606, and in 1604 it
520-522: A church dedicated to St Paul in London, as the seat of the new bishop. It is assumed, although unproven, that this first Anglo-Saxon cathedral stood on the same site as the later medieval and the present cathedrals. Alfred the Great , King of Wessex occupied and began the resettlement of the old Roman walled area, in 886, and appointed his son-in-law Earl Æthelred of Mercia over it as part of their reconquest of
624-674: A newly built business district near the Potsdamer Platz . The city's historic center (home to the Reichstag building , as well as the Brandenburg Gate and most federal ministries) was largely abandoned when the Berlin Wall cut through the area. Only after the reunification with the redevelopment of Potsdamer Platz , and the construction of numerous shopping centers, government ministries, embassies, office buildings and entertainment venues,
728-641: A purely Roman foundation of London are now common and uncontroversial." At its height, the Roman city had a population of approximately 45,000–60,000 inhabitants. Londinium was an ethnically diverse city, with inhabitants from across the Roman Empire, including natives of Britannia, continental Europe , the Middle East, and North Africa. The Romans built the London Wall some time between AD 190 and 225. The boundaries of
832-427: A representative fashion. Bodies employing fewer than 10 people may appoint 1 voter; those employing 10 to 50 people 1 voter for every 5 employees; those employing more than 50 people 10 voters and 1 additional voter for each 50 employees beyond the first 50. The Act also changed other aspects of an earlier act relating to elections in the city, from 1957. Inner Temple and Middle Temple (which neighbour each other) in
936-556: A settlement known as "Londinium" on the current site of the City of London around AD 43. Its bridge over the River Thames turned the city into a road nexus and major port , serving as a major commercial centre in Roman Britain until its abandonment during the 5th century . Archaeologist Leslie Wallace notes that, because extensive archaeological excavation has not revealed any signs of a significant pre-Roman presence, "arguments for
1040-579: A single urban area. The CBD will often be highly accessible and have a large variety and concentration of specialised goods and services compared to other parts of the city. Midtown Manhattan is the largest central business district in New York City and in the United States. In Chicago , the Chicago Loop is the second-largest central business district in the United States. It is also referred to as
1144-523: A whole. Singapore's CBD is the historic heart of the city-state, which makes it a mix of a tourist attraction and a business center. The CBD includes several multinational corporate headquarters, Singapore Management University , and historical buildings and museums. As of 2016, the Singaporean government intends to redevelop Jurong East into a second CBD in Singapore. The area has also been earmarked as
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#17328455717441248-617: Is Government Hill , the site of the old government headquarters. As the Hong Kong SAR Government Headquarters moved to Tamar, Admiralty, the nearby area is also considered part of the CBD. In Quarry Bay , Taikoo Place and areas nearby, including Admiralty , Wan Chai and Causeway Bay , and Tsim Sha Tsui , Kwun Tong , and Kowloon Bay are regarded as major business districts of Hong Kong. India 's capital New Delhi has been known for its CBD at Connaught Place . For
1352-901: Is a concentration of business in Botafogo harbor and in Barra da Tijuca , a newer Rio de Janeiro suburb located in city's west region. The largest CBD in Colombia is Bogotá 's Centro Internacional , where some of the tallest buildings in South America have been repurposed as national headquarters for Scotiabank Colpatria , Davivienda , and Bancolombia , among others. Over the years, Bogotá has developed minor business districts, which include Avenida Chile , Ciudad Salitre , with companies like Avianca , Rappi , Johnson & Johnson , Terpel , Hilton , Hyatt , Marriott , Sheraton , Ramada , City Express , Aloft and Novotel ; or Complejo Santa Bárbara ,
1456-530: Is also one of the most important business districts of Pakistan. Gulberg, Lahore has a large number of important office buildings as well as many high-rises and shopping malls. Pakistan established its first central business district, Lahore Central Business District, also known as Central Business District Punjab (CBD Punjab) by an ACT of Parliament (LCBDDA Act, 2021) in February 2021. Jinnah Avenue in Islamabad
1560-467: Is located at Smithfield , and is undergoing a long-awaited regeneration after doubts as to its continuing use during the 1990s. The city is the third largest UK patron of the arts. It oversees the Barbican Centre and subsidises several important performing arts companies. The London Port Health Authority, which is the responsibility of the corporation, is responsible for all port health functions on
1664-586: Is sometimes called the "great refusal", the Corporation said no to the King, which in part accounts for its unique government structure to the present. By the late 16th century, London increasingly became a major centre for banking, international trade and commerce. The Royal Exchange was founded in 1565 by Sir Thomas Gresham as a centre of commerce for London's merchants, and gained Royal patronage in 1571. Although no longer used for its original purpose, its location at
1768-433: Is the commercial and business center of a city. It contains commercial space and offices, and in larger cities will often be described as a financial district . Geographically, it often coincides with the " city centre " or " downtown ". However, these concepts are not necessarily synonymous: many cities have a central business district located away from its traditional city center, and there may be multiple CBDs within
1872-475: Is the case for all other wards in Great Britain . Particular churches, livery company halls and other historic buildings and structures are associated with a ward, such as St Paul's Cathedral with Castle Baynard , and London Bridge with Bridge; boundary changes in 2003 removed some of these historic connections. Each ward elects an alderman to the Court of Aldermen , and commoners (the City equivalent of
1976-660: Is the first of its kind in Indonesia, and one of the largest commercial center developments in the city. Jakarta started developing its business district in the early 1960s before hosting the Asian Games in 1962 . Surabaya in East Java built its first central business district in the Darmo region. The construction was expected to be completed by 2018 with 150 SOHO units and 500 residences. In Italy , business districts do not coincide with
2080-466: Is the main business district of the city. Blue Area is the central business district of Islamabad . D Ground is the central business district of Faisalabad and Saddar is the main central business district of Rawalpindi . In Peru , the central business district is San Isidro , in Lima , which hosts the majority of Peru's financial industry headquarters. Although still a largely residential district,
2184-403: The 1993 Bishopsgate bombing ( IRA ) and the 7 July 2005 London bombings ( Islamist ). In response to the 1993 bombing, a system of road barriers, checkpoints and surveillance cameras referred to as the " ring of steel " has been maintained to control entry points to the city. The 1970s saw the construction of tall office buildings including the 600-foot (183 m), 47-storey NatWest Tower ,
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#17328455717442288-647: The COEX mall, are major thoroughfares in Seoul. The tallest buildings in Gangnam include Tower Palace One , a residential complex, Trade Tower , Gangnam Finance Center, and Parnas Tower. Seoul's third business district is Yeouido , an island located in central Seoul in the Yeongdeungpo District . Yeouido was developed in the 1970s; since the 1990s, however, it has become Seoul's financial center. Smaller in geographic size that
2392-675: The City of London Police —the Common Council (the main body of the corporation) is the police authority . The corporation also run the Hampstead Heath Constabulary , Epping Forest Keepers and the City of London market constabularies (whose members are no longer attested as constables but retain the historic title). The majority of Greater London is policed by the Metropolitan Police Service , based at New Scotland Yard . The city has one hospital, St Bartholomew's Hospital , also known as 'Barts'. Founded in 1123, it
2496-629: The Crown . Historically its system of government was not unusual, but it was not reformed by the Municipal Corporations Act 1835 and little changed by later reforms, so that it is the only local government in the UK where elections are not run on the basis of one vote for every adult citizen. It is administered by the City of London Corporation , headed by the Lord Mayor of London (not to be confused with
2600-536: The Great Fire. After the fire of 1666, a number of plans were drawn up to remodel the city and its street pattern into a renaissance -style city with planned urban blocks, squares and boulevards. These plans were almost entirely not taken up, and the medieval street pattern re-emerged almost intact. In the 1630s the Crown sought to have the Corporation of the City of London extend its jurisdiction to surrounding areas. In what
2704-537: The London Stock Exchange based in the City. Throughout the 19th century, the City was the world's primary business centre, and it continues to be a major meeting point for businesses. London was ranked second (after New York) in the Global Financial Centres Index , published in 2022. The insurance industry is concentrated in the eastern side of the city, around Lloyd's building . Since about
2808-524: The ceremonial county of Greater London , and is the smallest ceremonial county in England. The City of London is known colloquially as the Square Mile , as it is 1.12 sq mi (716.80 acres; 2.90 km ) in area. Both the terms the City and the Square Mile are often used as metonyms for the UK's trading and financial services industries, which continue a notable history of being largely based in
2912-465: The ecclesiastical jurisdiction of the Bishop of London . Within the city, the Corporation owns and runs both Smithfield Market and Leadenhall Market . It owns land beyond its boundaries, including open spaces (parks, forests and commons) in and around Greater London, including most of Epping Forest and Hampstead Heath . The Corporation owns Old Spitalfields Market and Billingsgate Fish Market , in
3016-595: The tidal part of the Thames , including the Port of London and related seaports, and London City Airport . The Corporation oversees the Bridge House Estates , which maintains Blackfriars Bridge , Millennium Bridge , Southwark Bridge , London Bridge and Tower Bridge . The City's flag flies over Tower Bridge, although neither footing is in the city. Central business district A central business district ( CBD )
3120-400: The 'square mile' and held 86% of the population, and these were in fact similar to and named after four City of London wards: The city has a unique electoral system. Most of its voters are representatives of businesses and other bodies that occupy premises in the city. Its ancient wards have very unequal numbers of voters. In elections, both the businesses based in the city and the residents of
3224-433: The 100 commoners, whereas the business-dominated remainder elect the remaining 80 commoners. 2003 and 2013 boundary changes have increased the residential emphasis of the mentioned four wards. Census data provides eight nominal rather than 25 real wards, all of varying size and population. Being subject to renaming and definition at any time, these census 'wards' are notable in that four of the eight wards accounted for 67% of
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3328-503: The 1980s, a secondary financial district has existed outside the city, at Canary Wharf, 2.5 miles (4 km) to the east. The legal profession has a major presence in the northern and western sides of the City, especially in the Temple and Chancery Lane areas where the Inns of Court are located, two of which ( Inner Temple and Middle Temple ) fall within the City of London boundary. Primarily
3432-512: The 19th century, with London growing in all directions. To the East the Port of London grew rapidly during the century, with the construction of many docks, needed as the Thames at the City could not cope with the volume of trade. The arrival of the railways and the Tube meant that London could expand over a much greater area. By the mid-19th century, with London still rapidly expanding in population and area,
3536-785: The Anglo-Saxon Heptarchy , the London area came in turn under the Kingdoms of Essex , Mercia , and later Wessex , though from the mid 8th century it was frequently under threat from raids by different groups including the Vikings . Bede records that in AD 604 St Augustine consecrated Mellitus as the first bishop to the Anglo-Saxon kingdom of the East Saxons and their king, Sæberht . Sæberht's uncle and overlord, Æthelberht , king of Kent , built
3640-867: The Baptist in June, is that a single red rose is cut in Seething Lane Gardens by the Company of Watermen and Lightermen and carried in procession to the Lord Mayor of London at the Mansion House . It commemorates the fee of one rose annually, charged by the city to Sir Robert Knolles or Knollys, in compensation for his wife having constructed a wooden footbridge over Seething Lane in 1381. Citations Sources 51°30′38″N 00°04′45″W / 51.51056°N 0.07917°W / 51.51056; -0.07917 City of London The City of London , also known as
3744-587: The Blitz . Whilst St Paul's Cathedral survived the onslaught, large swathes of the area did not and the particularly heavy raids of late December 1940 led to a firestorm called the Second Great Fire of London . There was a major rebuilding programme in the decades following the war, in some parts (such as at the Barbican) dramatically altering the urban landscape. But the destruction of the older historic fabric allowed
3848-566: The CBD. An example is Parramatta , which is considered the financial hub of Western Sydney . São Paulo is a multipolar city, with several business districts. Avenida Faria Lima and the neighboring districts, Itaim Bibi and Vila Olímpia , now concentrate a large part of the financial activities in São Paulo and Brazil . Avenida Paulista and nearby streets is a well-established financial center that has several banking offices and corporate headquarters, as well as hospitals. Its Historic Center
3952-551: The City , is a city , ceremonial county and local government district that contains the ancient centre, and constitutes, along with Canary Wharf , the primary central business district (CBD) of London and one of the leading financial centres of the world. It constituted most of London from its settlement by the Romans in the 1st century AD to the Middle Ages , but the modern area referred to as London has since grown far beyond
4056-465: The City and Middlesex were regarded as one administratively for addressing crime and keeping the peace (not that the county was a dependency of the city). London's sheriffs continued to serve Middlesex until the county was given its own sheriffs again following the Local Government Act 1888 . By 1141 the whole body of the citizenry was considered to constitute a single community. This ' commune '
4160-484: The City during Jack Cade's Rebellion before being ousted by London citizens following a bloody battle on London Bridge. In 1550, the area south of London Bridge in Southwark came under the control of the City with the establishment of the ward of Bridge Without . The city was burnt severely on a number of occasions, the worst being in 1123 and in the Great Fire of London in 1666. Both of these fires were referred to as
4264-518: The City had already become only a small part of the wider metropolis. An attempt was made in 1894 with the Royal Commission on the Amalgamation of the City and County of London to end the distinction between the city and the surrounding County of London, but a change of government at Westminster meant the option was not taken up. The city as a distinct polity survived despite its position within
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4368-453: The City of London boundary. The City is now only a small part of the metropolis of Greater London , though it remains a notable part of central London . The City of London is not one of the London boroughs , a status reserved for the other 32 districts (including Greater London's only other city, the City of Westminster ). It is also a separate ceremonial county, being an enclave surrounded by
4472-678: The City today is the Barbican Estate , constructed between 1965 and 1976. The Museum of London was based there until March 2023 (due to reopen in West Smithfield in 2026), whilst a number of other services provided by the corporation are still maintained on the Barbican Estate. The city has a unique political status, a legacy of its uninterrupted integrity as a corporate city since the Anglo-Saxon period and its singular relationship with
4576-406: The City vote. The City of London Corporation was not reformed by the Municipal Corporations Act 1835 , because it had a more extensive electoral franchise than any other borough or city; in fact, it widened this further with its own equivalent legislation allowing one to become a freeman without being a liveryman . In 1801, the city had a population of about 130,000, but increasing development of
4680-515: The City, the adjacent Tower of London , built to dominate the City, is part of its old defensive perimeter. The City has responsibility for five bridges across the Thames in its capacity as trustee of the Bridge House Estates : Blackfriars Bridge , Millennium Bridge , Southwark Bridge , London Bridge and Tower Bridge . The City is a major business and financial centre, with both the Bank of England and
4784-405: The City. The name London is now ordinarily used for a far wider area than just the City. London most often denotes the sprawling London metropolis, or the 32 Greater London boroughs, in addition to the City of London itself. The local authority for the City, namely the City of London Corporation , is unique in the UK and has some unusual responsibilities for a local council, such as being
4888-509: The Conqueror marched on London, reaching as far as Southwark , but failed to get across London Bridge or defeat the Londoners. He eventually crossed the River Thames at Wallingford , pillaging the land as he went. Rather than continuing the war, Edgar the Ætheling , Edwin of Mercia and Morcar of Northumbria surrendered at Berkhamsted . William granted the citizens of London a charter in 1075;
4992-506: The Corporation holds the ancient office of Town Clerk of London . The city is a ceremonial county which has a Commission of Lieutenancy headed by the Lord Mayor instead of a Lord-Lieutenant and has two Sheriffs instead of a High Sheriff (see list of Sheriffs of London ), quasi-judicial offices appointed by the livery companies , an ancient political system based on the representation and protection of trades ( guilds ). Senior members of
5096-626: The London conurbation and numerous local government reforms . Supporting this status, the city was a special parliamentary borough that elected four members to the unreformed House of Commons , who were retained after the Reform Act 1832 ; reduced to two under the Redistribution of Seats Act 1885 ; and ceased to be a separate constituency under the Representation of the People Act 1948 . Since then
5200-402: The Philippines. In Poland , the terms śródmieście or centrum are often used to describe the central business district. The largest central business district in Russia is the Moscow International Business Center (MIBC) in Moscow , a commercial development located just east of the Third Ring Road at the western edge of the Presnensky District in the Central Administrative Okrug of
5304-408: The Roman city were similar to those of the City of London today, though the City extends further west than Londinium's Ludgate , and the Thames was undredged and thus wider than it is today, with Londinium's shoreline slightly north of the city's present shoreline. The Romans built a bridge across the river, as early as AD 50, near to today's London Bridge. By the time the London Wall was constructed,
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#17328455717445408-402: The Roman public buildings in Londinium by this time had fallen into decay and disuse, and gradually after the formal withdrawal the city became almost (if not, at times, entirely) uninhabited. The centre of trade and population moved away from the walled Londinium to Lundenwic ("London market"), a settlement to the west, roughly in the modern-day Strand / Aldwych / Covent Garden area. During
5512-510: The Thames, and laying a new city street plan. Alfred's taking of London and the rebuilding of the old Roman city was a turning point in history, not only as the permanent establishment of the City of London, but also as part of a unifying moment in early England, with Wessex becoming the dominant English kingdom and the repelling (to some degree) of the Viking occupation and raids. While London, and indeed England, were afterwards subjected to further periods of Viking and Danish raids and occupation,
5616-401: The Viking occupied parts of England. The refortified Anglo-Saxon settlement was known as Lundenburh ("London Fort", a borough ). The historian Asser said that "Alfred, king of the Anglo-Saxons, restored the city of London splendidly ... and made it habitable once more." Alfred's "restoration" entailed reoccupying and refurbishing the nearly deserted Roman walled city, building quays along
5720-455: The Wardmote the ward's Alderman appoints at least one Deputy for the year ahead, and Wardmotes are also held during elections. Each ward also has a Ward Club, which is similar to a residents' association . The wards are ancient and their number has changed three times since time immemorial : Following boundary changes in 1994, and later reform of the business vote in the city, there was a major boundary and electoral representation revision of
5824-449: The area, particularly in Lime Street . In 1708, Christopher Wren 's masterpiece, St Paul's Cathedral , was completed on his birthday. The first service had been held on 2 December 1697, more than 10 years earlier. It replaced the original St Paul's, which had been completely destroyed in the Great Fire of London, and is considered to be one of the finest cathedrals in Britain and a fine example of Baroque architecture . The 18th century
5928-409: The central business district. These terms can be literally translated as " inner city " and "city center". Some of the larger cities have more than one central business district. For example, Berlin alone has three. Due to Berlin's history of division during the Cold War , the city contains central business districts both in West ( Kurfürstendamm ) and in East Berlin ( Alexanderplatz ), as well as
6032-597: The city as a central business district led to this falling to below 5,000 after the Second World War. It has risen slightly to around 9,000 since, largely due to the development of the Barbican Estate . In 2009, the business vote was about 24,000, greatly exceeding residential voters. As the City of London Corporation has not been affected by other municipal legislation over the period of time since then, its electoral practice has become increasingly anomalous. Uniquely for city or borough elections, its elections remain independent-dominated. The business or " non-residential vote "
6136-506: The city is a minority (in terms of population and area) of the Cities of London and Westminster . The city's population fell rapidly in the 19th century and through most of the 20th century, as people moved outwards in all directions to London's vast suburbs , and many residential buildings were demolished to make way for office blocks. Like many areas of London and other British cities, the City fell victim to large scale and highly destructive aerial bombing during World War II , especially in
6240-425: The city was one of a few examples of the English retaining some authority. The city was not covered by the Domesday Book . William built three castles around the city, to keep Londoners subdued: Around 1132 the City was given the right to appoint its own sheriffs rather than having sheriffs appointed by the monarch. London's chosen sheriffs also served as the sheriffs for the county of Middlesex . This meant that
6344-431: The city's CBD. In South Korea , the national capital of Seoul includes three central business districts. The Downtown Seoul , a historic area inside the Fortress Wall of Seoul in the Jongno and Jung districts has historically been the city's political, social and cultural heart, and still houses many corporate headquarters and political institutions in South Korea. It is also the most popular area for tourists and
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#17328455717446448-413: The city's fortunes were in decline, and it faced problems of plague and fire. The Roman Empire entered a long period of instability and decline , including the Carausian Revolt in Britain. In the 3rd and 4th centuries, the city was under attack from Picts , Scots, and Saxon raiders. The decline continued, both for Londinium and the Empire, and in AD 410 the Romans withdrew entirely from Britain. Many of
6552-412: The city's history. Cities with strong preservation laws and maximum building height restrictions to retain the character of the historic and cultural core may have a CBD quite a distance from the city centre (and in some cases, outside the city limits itself). This distinction is quite common in European cities such as Paris , Moscow , Vienna , Prague and Budapest . The New World grew quickly after
6656-590: The city's main commercial district. While the district has a high density of high rise buildings, the tallest building, the SK Building, only reaches a height of 160m due to historic preservation regulations. The second main district, located in the southeast part of Seoul, is Gangnam District , an area that was developed in the 1980s and is now among the city's most affluent neighborhoods. The Gangnam District has concentration mainly in economic power of Seoul, as many of prominent company HQs are located on Teheran Avenue . Gangnam Avenue and Yeondong Avenue, which includes
6760-410: The city. As of 2021, it is still under development. The construction of the MIBC takes place on the Presnenskaya Embankment of the Moskva River , approximately 4 kilometers (2.5 mi) west of Red Square , overlooked by the Third Ring Road. The project occupies an area of 60 hectares. The second-largest central business district is Yekaterinburg-City in Yekaterinburg , the fourth-largest city in
6864-426: The city. Each ward has an Alderman , who until the mid-1960s held office for life but since put themselves up for re-election at least every 6 years, and are the only directly elected Aldermen in the United Kingdom . Wards continue to have a Beadle , an ancient position which is now largely ceremonial whose main remaining function is the running of an annual Wardmote of electors, representatives and officials. At
6968-515: The commercial and business activity located in or in the vicinity of the area. It has a permanent population of around 63,000 inhabitants and, during weekday business hours, a floating population that exceeds 700,000 daily commuters from other districts in Lima , the national capital. San Isidro is served by three stations of El Metropolitano , Lima's bus rapid transit system: Estación Javier Prado , Estación Canaval y Moreyra (with over 16,000 daily passengers) and Estación Aramburú . In
7072-438: The construction of modern and larger-scale developments, whereas in those parts not so badly affected by bomb damage the City retains its older character of smaller buildings. The street pattern, which is still largely medieval, was altered slightly in places, although there is a more recent trend of reversing some of the post-war modernist changes made, such as at Paternoster Square . The City suffered terrorist attacks including
7176-434: The core of the city's downtown. Mexico City also has its own historic city center , the colonial era "Centro Histórico", along with two CBDs: the mid-late 20th century Paseo de la Reforma in Polanco , and the new Santa Fe , respectively. Russia 's largest central business district is the Moscow International Business Center in Moscow . The shape and type of a central business district almost always closely reflect
7280-445: The corner of Cornhill and Threadneedle Street continues to be the geographical centre of the city's core of banking and financial services, with the Bank of England moving to its present site in 1734, opposite the Royal Exchange. Immediately to the south of Cornhill, Lombard Street was the location from 1691 of Lloyd's Coffee House , which became the world-leading insurance market. London's insurance sector continues to be based in
7384-476: The country. It is located on the Iset River , and is under development as of 2021. The area occupies five hectares. Saudi Arabia has several business districts, including: In Singapore , the CBD is in the Downtown Core , one of the constituent planning areas of the Central Area , the country's city center . Its densest point is centered around Raffles Place , where most of Singapore's skyscrapers are located. The CBD sometimes also describes Central Area as
7488-404: The early 21st century, the southeastern district of Surco experienced a significant increase in upscale corporate developments in the area comprised by avenues Manuel Holguín, El Derby, El Polo, and La Encalada due to lower restrictions to grant construction permit and proximity to residential middle and upper class districts and is set to become, after traditional San Isidro and Miraflores ,
7592-507: The emergence of modern transport, therefore a single centre often included many of the region's tallest buildings and served as both a commercial and cultural city centre. In the 21st century, increasing urbanisation has led to the development of megacities that often have multiple CBDs scattered across the urban area. Downtown sections of cities, especially in North America , often are distinct from CBDs and city centres. No two CBDs have
7696-533: The establishment of the City of London and the Kingdom of England prevailed. In the 10th century, Athelstan permitted eight mints to be established, compared with six in his capital, Winchester , indicating the wealth of the city. London Bridge, which had fallen into ruin following the Roman evacuation and abandonment of Londinium, was rebuilt by the Saxons, but was periodically destroyed by Viking raids and storms. As
7800-673: The extended area of Gomti Nagar , and Aminabad in old Lucknow. Kolkata also has central business districts, including B.B.D. Bagh , Park Circus , Esplanade , Salt Lake Sector V , and New Town . The largest CBD in Indonesia is the Golden Triangle ( Segitiga Emas in Indonesian ) in Jakarta . Sudirman Central Business District , a super block that is located within the Golden Triangle,
7904-591: The financial capital of the country, the famous CBD is The Bandra Kurla Complex in Mumbai . In Mumbai itself there is Nariman Point , which is another CBD including Andheri and Parel . Parry's Corner and Nungambakkam are among the main CBDs of Chennai . Bangalore has five notable business districts: UB City , Brigade Gateway, Koramangala , Indiranagar , and Electronic City . Lucknow has three business districts, including Hazratganj Market , Gomti Nagar Extension at
8008-674: The first skyscraper in the UK. By the 2010s, office space development had intensified in the City, especially in the central, northern and eastern parts, with skyscrapers including 30 St. Mary Axe ("the Gherkin"'), Leadenhall Building ("the Cheesegrater"), 20 Fenchurch Street ("the Walkie-Talkie"), the Broadgate Tower , the Heron Tower and 22 Bishopsgate . The main residential section of
8112-458: The focus of trade and population was moved back to within the old Roman walls, the older Saxon settlement of Lundenwic was largely abandoned and gained the name of Ealdwic (the "old settlement"). The name survives today as Aldwych (the "old market-place"), a name of a street and an area of the City of Westminster between Westminster and the City of London. Following the Battle of Hastings , William
8216-563: The fourth in the world. La Défense hosts 19 of the world's biggest 500 companies , whilst the Paris region as a whole hosts 29 of the world's 500 largest companies, establishing itself as the first city in Europe (and the third worldwide) for the number of companies classified in Fortune Fortune Global 500 . In Germany , the terms Innenstadt and Stadtzentrum may be used to describe
8320-562: The geographical centers of the city because the city center is the historical center of the city, and usually not very suitable to function as a modern business district. A precursor to modern business districts is EUR in Rome , which is now home to several national and international companies and public bodies. The EUR, the Napoli business district , the Milan business district , and City Life , are among
8424-558: The last of which features the only W Hotel in the city. Colombia's other notable CBDs include Parque Berrío in Medellín , Bocagrande in Cartagena (the largest touristic CBD in the country), and Paseo de Bolívar in Barranquilla . La Défense , west of Paris , is France 's largest central business district. La Défense was in 2017 ranked as the leading CBD in continental Europe, and
8528-500: The livery companies are known as liverymen and form the Common Hall, which chooses the lord mayor, the sheriffs and certain other officers. The city is made up of 25 wards . They are survivors of the medieval government system that allowed a very local area to exist as a self-governing unit within the wider city. They can be described as electoral/political divisions; ceremonial, geographic and administrative entities; sub-divisions of
8632-581: The master planning of Bonifacio Global City. Ortigas Center (fourth), with an area of more than 100 hectares (250 acres), is the Philippines' second most important business district after the Makati CBD and is home to Asian Development Bank. Meanwhile, the Makati Central Business District (third), also known as the Makati CBD, is the leading financial and the largest central business district in
8736-568: The most important commercial areas in Italy. Other important business and financial centers are present in Genoa and Brescia . In Pakistan, a central business district or a large, concentrated urban setting within a settlement is called a shehar . Karachi is Pakistan's largest city and the country's economic hub; the I. I. Chundrigar Road acts as Karachi's main financial district. Shahra-e-Faisal in Karachi
8840-574: The neighbouring London Borough of Tower Hamlets . It owns and helps fund the Old Bailey , the Central Criminal Court for England and Wales , as a gift to the nation, having begun as the City and Middlesex Sessions. The Honourable The Irish Society , a body closely linked with the corporation, also owns many public spaces in Northern Ireland . The city has its own independent police force,
8944-473: The new financial center of Lima . The Philippines has three major central business districts, which are all located in Metro Manila. Bonifacio Global City (second) is the newest and one of the largest central business districts in the Philippines. The Bases Conversion and Development Authority (BCDA), Ayala Land, Inc. and Evergreen Holdings, Inc. controls Fort Bonifacio Development Corporation, which oversees
9048-564: The other two business districts, Yeouido has some of Seoul's tallest skyscrapers, including Parc1 Tower , International Finance Center Seoul , and the 63 Building . Yeouido is where the National Assembly of South Korea and many media companies and political institutions are based. Smaller but notable central business districts in South Korea include the Jamsil area, which is the location of
9152-607: The police authority. It is also unusual in having responsibilities and ownerships beyond its boundaries, e.g. Hampstead Heath . The corporation is headed by the Lord Mayor of the City of London (an office separate from, and much older than, the Mayor of London ). The Lord Mayor, as of November 2023, is Michael Mainelli . The City is made up of 25 wards , with administration at the historic Guildhall . Other historic sites include St Paul's Cathedral , Royal Exchange , Mansion House , Old Bailey , and Smithfield Market . Although not within
9256-531: The public garden at the south end of the street. The term 'seething' originated from the Old English word sifeða that meant bran, chaff, or siftings. The street was named prior to the thirteenth century, when the lane was a narrow path, and grain was threshed there. In the 14th century, the street contained several houses owned by the Lords Grey of Codnor, with records suggesting ownership dating back at least
9360-576: The retention of the business vote argue that it is a cause of institutional inertia. The City of London (Ward Elections) Act 2002 , a private Act of Parliament, reformed the voting system and greatly increased the business franchise, allowing many more businesses to be represented. Under the new system, the number of non-resident voters has doubled from 16,000 to 32,000. Previously disenfranchised firms (and other organisations) are entitled to nominate voters, in addition to those already represented, and all such bodies are now required to choose their voters in
9464-441: The same spatial shape, but there are certain common geometric patterns, which are largely a result of centralised commercial and industrial activities. In Australia , the term CBD is widely used officially and colloquially, in the sense of city centre. The two biggest cities, Melbourne and Sydney , have large CBDs. Sydney features growing micro central business districts, which serve as the hub for their respective areas outside
9568-471: The separate Mayor of London , an office created only in the year 2000), which is responsible for a number of functions and has interests in land beyond the city's boundaries. Unlike other English local authorities, the corporation has two council bodies: the (now largely ceremonial) Court of Aldermen and the Court of Common Council . The Court of Aldermen represents the wards, with each ward (irrespective of size) returning one alderman. The chief executive of
9672-510: The site of an erotic encounter with a Mrs Daniels, after which he bought her eight pairs of gloves at a nearby milliner's shop. He is buried in St Olave's Church which is at the north-western end of the street at its junction with Hart Street. A bust of Pepys, created by Karin Jonzen , sits in Seething Lane Gardens at the south end of the street. An annual tradition held on the Nativity of Saint John
9776-530: The site of the rail terminus for the Kuala Lumpur–Singapore High Speed Rail . South Africa 's largest cities, Cape Town , Durban , Johannesburg , Pretoria , and Port Elizabeth , have CBDs that include the corporate headquarters for many of South Africa's largest companies, its convention centers , and many of the country's tallest buildings. Cape Town has one of South Africa's most iconic skyline (which includes Table Mountain ) and
9880-581: The wards in 2003, and they were reviewed again in 2010 for change in 2013, though not to such a dramatic extent. The review was conducted by senior officers of the corporation and senior judges of the Old Bailey ; the wards are reviewed by this process to avoid malapportionment . The procedure of review is unique in the United Kingdom as it is not conducted by the Electoral Commission or a local government boundary commission every 8 to 12 years, which
9984-431: The western ward of Farringdon Without are within the boundaries and liberties of the City, but can be thought of as independent enclaves . They are two of the few remaining liberties , an old name for a geographic division with special rights. They are extra-parochial areas , historically not governed by the City of London Corporation (and are today regarded as local authorities for most purposes ) and equally outside
10088-520: Was a combined office and residential building on the east side of Seething Lane constructed between 1720 and 1725. It supported two large doorways flanked by four large Roman Doric columns. The property was demolished in 1913 and replaced with offices for the Port of London Authority . Seething Lane was Samuel Pepys 's home when he became the Navy Board's Clerk of the Acts , and is mentioned in his diaries as
10192-519: Was a period of rapid growth for London, reflecting an increasing national population, the early stirrings of the Industrial Revolution , and London's role at the centre of the evolving British Empire . The urban area expanded beyond the borders of the City of London, most notably during this period towards the West End and Westminster. Expansion continued and became more rapid by the beginning of
10296-501: Was abolished in other UK local council elections by the Representation of the People Act 1969 , but was preserved in the City of London. The principal reason given by successive UK governments for retaining this mechanism for giving businesses representation, is that the city is "primarily a place for doing business". About 330,000 non-residents constitute the day-time population and use most of its services, far outnumbering residents, who number around 7,000 (2011). By contrast, opponents of
10400-531: Was formerly also held. Many of the medieval offices and traditions continue to the present day, demonstrating the unique nature of the City and its Corporation . In 1381, the Peasants' Revolt affected London. The rebels took the City and the Tower of London, but the rebellion ended after its leader, Wat Tyler, was killed during a confrontation that included Lord Mayor William Walworth . In 1450, rebel forces again occupied
10504-582: Was the area revived. In Frankfurt am Main 's city center, there is a business district called the " Bankenviertel ". In Düsseldorf , there is a business district which is located around the famous high street Königsallee with banks, shops and offices. Traditionally, the Central Business District "CBD" of Hong Kong is Central , where many multinational financial services corporations have their headquarters. Consulates general and consulates of many countries are also located in this area, as
10608-507: Was the city's first business center; There, the São Paulo Stock Exchange is located. The region comprising Avenidas Berrini, Doutor Chucri Zaidan, and Nações Unidas, the city's newest commercial district, has offices of multinational companies and also commercial services. In Rio de Janeiro , Brazil's second-largest city, the main business district still is in downtown, where Petrobrás and Vale headquarters are located, but there
10712-441: Was the origin of the City of London Corporation and the citizens gained the right to appoint, with the king's consent, a mayor in 1189—and to directly elect the mayor from 1215. From medieval times, the city has been composed of 25 ancient wards , each headed by an alderman , who chairs Wardmotes , which still take place at least annually. A Folkmoot , for the whole of the City held at the outdoor cross of St Paul's Cathedral ,
10816-545: Was visited by the priest Henry Garnet and the Spanish ambassador Juan de Tassis, 1st Count of Villamediana . The Navy Office building here was constructed in 1656. Samuel Pepys moved into a house on the lane in 1660 when he became Clerk of the Acts of the Navy. The office was destroyed by fire in 1673 and rebuilt over the following two years, designed by Sir Christopher Wren . It was demolished in 1788. Catherine Court, also by Wren,
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