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.
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
-
How to achieve a secure retirement, as more retirees admit to struggling with debtTwenty-six percent of retirees now have unsecured debt – a sharp rise compared to two years ago – with many underestimating how much a typical retirement costs
-
The key October self-assessment tax return deadlines to remember so you can avoid a shock billThere are two important dates for self-assessment taxpayers to remember in October
