West End Office Scheme Pulls in the Tenants
With over 40,000 sq. ft. of grade A office space let to Ricoh, the Triton Street development located in RegentΓÇÖs Place is now 94% full according to a press release published on the British Land website.
The announcement of this latest letting comes at a time when commercial property firms are predicting a growing shortage in the availability of quality office space in Central London, with the development pipeline severely impacted by the financial crisis.
Having only been completed recently, 20 Triton Street comprises of 363,000 sq. ft. of office space and is part of the larger RegentΓÇÖs Place development. Its addition takes the total amount of office space available generated by the 13 acre RegentΓÇÖs Place project to 1.5m sq. ft.
Commenting on the letting, James Danby, Director of London Leasing at British Land, said:
ΓÇ£The speed with which we have achieved almost full occupancy at 10 and 20 Triton Street, in the face of challenging market conditions, is a testament to the quality of building and public realm that RegentΓÇÖs Place offers to its diverse range of West End occupiers. We very much look forward to welcoming Ricoh to this growing community of leading businesses.ΓÇ¥
Having chosen the West End scheme as their new location Ricoh will add to a growing list of big names that have been attracted by the N1 scheme, including Balfour Beatty, Capital one, Santander, JP Morgan and the offices of the General Medical Council.
With this area of the West End clearly proving popular with big businesses, you may be interested to know that officebroker.com advertises 11 serviced offices in the local area, providing smaller / boutique businesses the opportunity to take office space alongside such internationally recognised firms.