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The Royal Exchange London

The Royal Exchange in London was founded in the 16th century by the merchant Sir Thomas Gresham on the suggestion of his factor Richard Clough to act as a centre of commerce for the City of London. The site was provided by the City of London Corporation and the Worshipful Company of Mercers, who still jointly own the freehold. The original foundation was ceremonially opened by Queen Elizabeth I who granted it its "royal" title. The current neoclassical building has a trapezoidal floor plan and is flanked by Cornhill and Threadneedle Street, which converge at Bank junction in the heart of the city. It lies in the Ward of Cornhill. 👉If you like, follow me❤️: 🎥YouTube:    / @visitplaces   🛠Gear used GoPro Hero 8: https://amzn.to/3w4YuSJ 💳The credit card I recommend for travel: https://americanexpress.com/en-gb/ref... 💵The debit card I use when abroad without fee for the currency exchange: https://join.monzo.com/c/zxw5r4x The exchange building has twice been destroyed by fire and subsequently rebuilt. The present building was designed by Sir William Tite in the 1840s. The site was notably occupied by the Lloyd's insurance market for nearly 150 years. Today, the Royal Exchange contains restaurants and luxury shops. Traditionally, the steps of the Royal Exchange are the place where certain royal proclamations (such as the dissolution of parliament) are read out by either a herald or a crier. Following the death or abdication of a monarch and the confirmation of the next monarch's accession to the throne by the Accession Council, the Royal Exchange Building is one of the locations where a herald proclaims the new monarch's reign to the public. In 1982 the Royal Exchange was in disrepair – in particular, the glass roof was in danger of collapse. The newly formed London International Financial Futures Exchange (LIFFE) was the main tenant, using the courtyard for the trading floor, all done without touching the framework of the original building. LIFFE moved to Cannon Bridge in 1991. In 2001 the Royal Exchange (interiors and courtyard) was once again extensively remodelled, this time by architects Aukett Fitzroy Robinson. The works involved the restoration of the fabric of the building, a two floor office extension and replacement of the roof above the courtyard. In a lane by the eastern entrance to the Royal Exchange, stand two statues: one of Paul Julius Reuter who founded his news agency there, and one of George Peabody who founded the Peabody Trust and a business which became J.P. Morgan & Co. In 2013 a lease of Royal Exchange was sold by Anglo Irish Bank to Oxford Properties, a Canadian property company. It had been announced that the site would be sold with a 104-year lease. Oxford Properties Group, a division of the Ontario Municipal Employees Retirement System, bought the retail centre for a reported £86.5 million. In October 2022, Ardent UK acquired the retail element of the Exchange from Oxford Properties Group for around £50 million.