Land Securities has pre-let 45,000ft² (4,180m²) at 20 Eastbourne Terrace, W2 to The Office Group on a 20-year lease.
The Office Group will occupy eight floors of the comprehensively refurbished building taking the building to 49% pre-let ahead of completion in April 2016. Bordered by Hyde Park to the south and Little Venice to the north, the 18-storey building provides 92,000ft² (8,547m²) of office space, a café, collaboration and business lounge at ground floor, a 2,000ft² (185m²) roof garden on level 17, and fantastic facilities including new cycle spaces, showers, lockers and changing rooms.
The building is situated next the Paddington Underground and the site of Paddington Place or Paddington’s ‘Skinny Shard, developed by Sellar Property Group. In a bid to rejuvenate the area and draw more commercial activity and residents to Paddington, Sellar Property Group along with architect Renzo Piano have designed more than 150,000ft² (13,935m²) of office space as well as 50,000ft² (4,645m²) of high quality retail, restaurants and cafes.
The Office Group is a leading provider of design-led flexible offices, co-working spaces and meeting rooms, with 29 buildings strategically positioned across London. This leasing agreement at 20 Eastbourne Terrace solidifies the growing interest from companies in the area as an up-and-coming commercial hub.
Kaela Fenn-Smith, head of commercial at Land Securities, said: “We’re delighted that The Office Group has signed our first office pre-let. The flexible space The Office Group offers will be beneficial to our current and future customers in Eastbourne Terrace creating an exciting hub for businesses in the centre of Paddington.”
Charlie Green, Co-CEO at The Office Group, said: “Having acquired over 300,000 sq ft of new space in central London in 2015, this letting at Eastbourne Terrace signals the start of another exciting year for The Office Group.”
CBRE and JLL advised Land Securities and Cushman & Wakefield advised The Office Group.
