Debenhams to Expand London Office Space
High street department store chain, Debenhams, has announced that it will be expanding into additional office space at their new RegentΓÇÖs Place HQ in North West London, owned by British Land.
This agreement for an extra 29,500 square feet of office space brings DebenhamsΓÇÖ total office space to 174,500 square feet at 10 Brock Street, which is currently under development.
The lease has been signed for 25 yearsΓÇÖ occupancy.
In September 2011, Debenhams first announced their intention to secure new headquarters at the retail development in NW1 (read Debenhams Secure New Head Office at RegentΓÇÖs Place for further details) for an initial 145,000 sq ft of space.
When complete, the RegentΓÇÖs Place complex will provide a total 760,000 square feet of West End office space and 240,000 square feet of residential flats.
ΓÇ£We are delighted to be taking more space at RegentΓÇÖs Place for our new headquarters,ΓÇ¥ says Michael Sharp, Chief Executive of Debenhams PLC.
ΓÇ£The estateΓÇÖs attributes are clear to see, being well positioned and featuring fantastic amenities, and we continue to work with British Land ahead of moving into the new offices in 2013.ΓÇ¥
ΓÇ£It is hugely pleasing to be letting this additional space to Debenhams, in what is the largest pre-let in the West End for over six years,ΓÇ¥ adds Tim Roberts, Head of Offices at British Land.
ΓÇ£The confidence of major corporates such as Debenhams to select RegentΓÇÖs Place as the location for their headquarters is further evidence of the strength of the estateΓÇÖs appeal, services and amenities and of the increasing demand from occupiers for high quality office space.”
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