Land Securities Group PLC (“Land Securities”) has let 97,000 ft² (approx. 9.011 m²) at Thomas More Square, E1 (“TM Sq”) to Ipsos MORI and Mitsui O.S.K. Lines (“MOL”), ahead of significant improvements to the TM Sq estate. The companies are taking 65,000 ft² (6.038 m²) and 32,000 ft² (2.972 m²) respectively and both have signed 15 year leases with a 10 year break clause.
The moves come after Land Securities was granted planning permission in June 2014 for a comprehensive redesign of 3 TM Sq and the TM Sq estate’s public realm. The estate will benefit from 23,000 ft² (2.136 m²) of new restaurant and retail space, while office tenants will enjoy a new double height entrance incorporating an extensive business lounge.
The refurbished space at TM Sq is being designed by BDP Architects and a further 100,000 ft² (9.290 m²) will be available from mid-2015.
The TM Sq estate, which is jointly owned with Cadillac Fairview, is located between St Katharine’s Docks and London Dock, and is well positioned to benefit from the enhanced leisure and retail offerings at these locations.
Kaela Fenn-Smith, Head of Commercial at Land Securities, said: “We’re delighted that Ipsos MORI and MOL have chosen to relocate to our new proposition at TM Sq. We have completely re-designed the public realm and introduced new retail space, transforming what TM Sq can offer businesses in this part of London.”
Source: Land Securities