Online Retailers Take Offices on High Holborn
Serviced office provider Orega have reported a high representation of take up from the e-commerce industry in recent months, following leases signed with Play.com and LinkShare, both belonging to Japanese parent company, Rakuten.
OregaΓÇÖs High Holborn business centre in London has opened its doors to the high profile e-commerce organisations who will join a range of companies, from recruitment and resourcing to global communications and research, at the five-storey offices at 16 High Holborn.
Along with Rakuten, many fellow East Asian and South East Asian organisations have been showing interest in the Holborn area over recent months.
Most recently, German fund managers KanAm sold off their offices at 90 High Holborn and One Exchange Square to Malaysian investment firm, Permodalan Nasional Berhad.
The collective interest of China, Hong Kong, Singapore and Malaysia make up the keenest investors in London office space according to Bloomberg, accounting for 51% of the total commercial real estate market.
Meanwhile, Bloomberg has reported that British investment in the capital fell to just 19% in 2010.
Play.com and LinkShare are relocating from previous premises in Farringdon and Tottenham Court Road respectively. In total, they will occupy an 80% majority of Orega High HolbornΓÇÖs 3,500 sq ft fourth floor.
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