British Land is letting to Facebook UK Limited at its newly completed office development at 10 Brock Street. The building forms part of the Regent’s Place mixed-use campus in London’s West End and the letting means that all 320,000 ft² (approx. 29,728 m²) of office space at 10 Brock Street is now fully let less than three months after practical completion of the building.
Facebook has taken 87,719 ft² of space and will occupy three floors of the building on a 10 year lease with a break option after five years. It will move to 10 Brock Street from its current premises at Earlham Street.
Facebook will join Debenhams, Manchester City Football Club and Whitefoord LLP amongst others at 10 Brock Street. The lettings demonstrate the flexibility and appeal of space at Regent’s Place which has a broad range of occupiers, from financial and professional through to media, retail and tech companies.
10 Brock Street, which is the largest office building completed in the West End since 2010, is the latest addition to British Land’s 13 acre mixed use campus at Regent’s Place. Last year, British Land completed the West End’s largest pre-let for six years when Debenhams agreed to take 174,500 ft² of space at the development.
The adjoining residential project, The Triton Building, has also recently completed with 88 apartments out of 94 sold. Three penthouses have just been launched offering panoramic views across London.
Tim Roberts, Head of Offices at British Land, said: “We are excited to welcome another high profile occupier to this excellent West End development. This strong leasing performance demonstrates the appeal of 10 Brock Street and Regent’s Place alike to occupiers looking for high quality office space in a convenient central location. It is testament to the work we have done over the past ten years or so, to transform Regent’s Place into a vibrant mixed-use campus. Regent’s Place has been a key part of our London development pipeline which, along with Broadgate and the recently-acquired Paddington Central, sits well within our strategy of creating estates within central London.”
CBRE and Knight Frank advised British Land and DTZ advised Facebook.
Source: British Land