The UK Government announced on 11 August 2015 that it has taken a commercial lease of the 8th floor of Aldgate Tower. This is a new facility, 1800 square meters in size, which can be fitted out in a modern and functional way to provide 21st century court rooms which meet the needs of litigants and judges alike. Fit out is expected to be complete by Spring 2016. A government spokesman commented that "Finding a property in London that met the particular requirements of this new Court and its future users, while offering value for public funds, was a significant challenge. We assessed over 70 government and commercial properties, and engaged extensively with stakeholders throughout, before selecting this building."
Aldgate Tower is based on the edge of the City, London’s traditional financial district. It is a short taxi ride from London’s traditional legal district in Holborn, and is conveniently located for London City Airport. With this step, the UK Government is starting to spend some hard cash on the project - which bodes well for completion of the ratification process of the UPC Agreement in 2016 and makes implementation of the UPC seem much more imminent.