British Land said that department store chain Debenhams is to take additional office space at the property group's Regent's Place development in north-west London.
Debenhams, which is moving its head office, has agreed to pre-let a further 29,500 square feet (sq. ft) of office space at 10 Brock Street, Regent's Place, NW1. As a result, Debenhams has now agreed to pre-let 174,500 sq. ft of office space, for a 25-year term without breaks, which is over half of the total space being developed at 10 Brock Street.
The development of 10 Brock Street will complete British Land's Regent's Place estate, located near Euston Tower, which has been transformed over the last five years through major redevelopment and upgrades to the public spaces and retail offerings.
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Tim Roberts, Head of Offices at British Land, noted that the Debenhams arrangement is the largest pre-let in the West End for over six years.
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