Sky plans new West London offices

BSkyB close to signing for 162,413 sq ft of office space at First Central

Article posted: 13 Jun 2011

Broadcasting giant BSkyB is said to be close to signing the biggest office space deal in West London since the beginning of the economic crisis.

Advanced discussions are thought to be taking place to agree heads of terms on 162,413 sq ft of office space in Park Royal, NW10, at the FC200 building in the First Central Business Park.

A joint venture between developer London Regional and landowner Diageo, First Central is the focus for commercial regeneration of the Park Royal area to provide new offices, retail facilities and a hotel within a landscaped campus. BSkyB will share the park with Diageo which occupies a separate 150,000 sq ft headquarters building.

BSkyB will pay around £20 per sq ft on a 10-year lease with a five-year break option which is thought to be a key factor in the deal, giving the broadcaster the option to exercise the break if necessary to move to Sky’s expanding office campus in Osterley.

It is believed that Sky will vacate existing office space in Brentford at Horizons West where it is subleasing space from GlaxoSmithKline.

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Posted by Jo