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Enron Mail |
Maybe we should knock down the walls of those cavernous offices on the top=
=20 floor. Mark Frevert@ENRON 07/24/2000 06:17 AM To: Steven J Kean/HOU/EES@EES, Cindy Olson/Corp/Enron@ENRON, Mark=20 Palmer/Corp/Enron@ENRON, Mark Koenig/Corp/Enron@ENRON cc: =20 Subject: Canary Wharf - Update for Executive Committee Just a quick update on our real estate escapades. Regards . Mark ---------------------- Forwarded by Mark Frevert/NA/Enron on 07/24/2000 06:= 09=20 AM --------------------------- Fernley Dyson@ECT 07/24/2000 05:33 AM To: John Sherriff/LON/ECT@ECT, Mark Frevert/NA/Enron@Enron cc: Jackie Gentle/LON/ECT@ECT, Jon Chapman/LON/ECT@ECT=20 Subject: Canary Wharf - Update for Executive Committee John - as requested. You may wish to 'top and tail' this. Enron continues to expand aggressively in Europe. Forty Grosvenor Place, o= ur=20 European Headquarters, continues to accommodate this expansion, but the lon= g=20 lead times involved in obtaining premises in London require us to evaluate= =20 the future accommodation requirements of the business now.=20 We are considering a number of scenarios, and have reviewed all currently= =20 available sites within a 25 mile radius of Central London. Ideally we would= =20 be looking to accommodate all Enron employees in one building, and we requi= re=20 significant swing capacity to expand or contract the space available=20 depending on our business requirements. One of the options currently available is a site being developed by Canary= =20 Wharf in London's Docklands. We have been looking to secure an option on th= is=20 site so that we may properly evaluate the opportunity and consult with our= =20 employees. On Friday 21 July we agreed non-binding Heads of Terms with Canary Wharf fo= r=20 the letting of 1.5m sq. ft. This was a prerequisite to obtaining exclusivit= y=20 whereby we have until 30 September to negotiate contractual terms or walk= =20 away from the deal. We will continue to evaluate other options, and there is clearly no=20 commitment to conclude a deal with Canary Wharf. An announcement was made to employees at the all staff update last Thursday= =20 (attached). Media speculation has forced Canary Wharf to issue a London Stock Exchange= =20 Announcement confirming that we have agreed outline terms on a potential=20 letting and that discussions continue. ---------------------- Forwarded by Fernley Dyson/LON/ECT on 24/07/2000 10:= 41=20 --------------------------- =20 =09 =09Enron Information Technology =09 =09From: Enron Europe General Announcement 21/07= /2000=20 15:22 =09 Please respond to Jackie Gentle/LON/ECT To: ECT London cc: =20 Subject: Newsletter: EuroFlash!! =20 Yesterday morning during the all-employee staff update, Fernley Dyson, on= =20 behalf of John Sherriff, provided staff with an update on the impact Enron= =01,s=20 rapid growth in Europe is having on our overall space needs at Enron House.= =20 It was acknowledged that this is an important subject and one about which= =20 many employees have a lot of questions.=20 The message was clear. In the day to day decision-making process about Enr= on=01, s commercial activities, it is critical to understand what options are=20 available and to keep as many avenues open as possible. In turn, it is=20 equally important to take this same approach when looking at Enron=01,s fut= ure=20 office space requirements. What is the bottom line? Looking to the future, the preference would be for all London-based employe= es=20 to be housed in a single location. One of the options under consideration is Canary Wharf, but we must stress= =20 that no decision has been taken at this time. We are currently evaluating all the options available to us in the London= =20 property market. If we are to move to a new building, it will not occur before 2003. We will be seeking input and feedback from employees as part of the=20 decision-making process. We are committed to keeping the channels of communication open and to provi= de=20 information to employees on a timely basis.=20
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