Debenhams sign pre-let at West End office scheme

British Land secures 145,000 sq ft pre-let at Regent’s Place

Article posted: 21 Sep 2011

British Land has agreed terms to pre-let 145,000 sq ft of office space in Euston, NW1 to Debenhams plc for a new headquarters at 10 Brock Street, Regent’s Place. The new office building is being developed as part of British Land’s 500,000 sq ft mixed-use development at the North East Quadrant.

The NEQ development, which will complete the Regent’s Place estate, will comprise 340,000 sq ft of offices along with 40,000 sq ft of retail and community space, as well as 120,000 sq ft of residential accommodation. Debenhams will be occupying approximately 40% of the Wilkinson Eyre designed building.

On completion of the development in summer 2013, Debenhams will occupy the ground to fourth floors of 10 Brock Street for a term of 25 years without break.

Debenhams is the latest of a diverse range of major occupiers to select Regent’s Place for their main headquarters offices in the UK following recent lettings to Aegis Group, Gazprom, Lend Lease, Ricoh, and Dimensional Fund Advisors. The development will complete the Regent’s Place estate, which will have doubled in size over the last four years to around 2m sq ft of office, retail and residential space, providing high quality accommodation for 14,000 workers and residents. 

Commenting on the pre-let, Michael Sharp, Chief Executive of Debenhams plc said: “We are delighted to have secured space at Regent’s Place for our new headquarters. The estate is well positioned in the West End with great communication links across London. It also provides outstanding amenities and sense of community for its occupants. We look forward to working with British Land and moving into the new offices in 2013.”

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Posted by Ingrid