Land Securities has let the fifth floor of The Zig Zag Building, Victoria, SW1 on a 10 year income lease to the UK’s leading foreign exchange and international payments specialist, moneycorp. Moneycorp’s decision demonstrates the appeal of Victoria and is the latest endorsement as a thriving business destination for the financial sector.
The Zig Zag Building, designed by Patrick Lynch, comprises 188,000ft² (17,465m²) of office space over 11 floors. Land Securities began redevelopment of the building in 2012 in a bid to transform Victoria into a distinct and vibrant West End hub. The building reached practical completion in November, the offices are now 89% let with only the sixth floor comprising 22,000ft² (2,043m²) with stunning views across the Royal Parks and a private roof terrace.
Kaela Fenn-Smith, head of commercial at Land Securities, said: “We are delighted that moneycorp has chosen to move to Victoria from Knightsbridge. Their decision to relocate cements the emergence of Victoria as a new hub for the financial services sector. We are proud that our commitment to place-making and the rejuvenation of Victoria has transformed the area into a first choice destination for a plethora of global, financial businesses.”
Nick Haslehurst, CFOO at moneycorp, said: “We look forward to the next phase of our company’s development in establishing our global headquarters in Victoria. After much consideration we are pleased to announce this move which provides us with capacity for future growth in a high quality location.”
Knight Frank and Cushman & Wakefield advised Land Securities and BNP Paribas advised moneycorp.
