Debenhams asks British Land for more office space
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.
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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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.
JH
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
8 of the best properties for sale with equestrian facilities
The best properties for sale with equestrian facilities – from a Georgian manor in Ceredigion, Wales, to a period farmhouse with an equine swimming pool in Banbury, Oxfordshire
By Natasha Langan Published
-
Energy bills to rise by 1.2% in January 2025
Energy bills are set to rise 1.2% in the New Year when the latest energy price cap comes into play, Ofgem has confirmed
By Dan McEvoy Published