Top companies willing to move to attract talent, says landlord

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Lucinda Bell, chief financial officer at British Land, told the Standard the company was benefiting from “an occupier market which is much less location loyal than it used to be”.

She said: “People want to be in space that is attractive and in a good area for transport and amenities.  The battle for talent means some  will relocate.”

Deals included Facebook, which had its London head office in Covent Garden, taking 60,000 square feet on Euston Road.

Earlier this year British Land  also let space to the 737 ft Cheesegrater’s architect Rogers Stirk Harbour + Partners, which is  moving from Hammersmith. The skyscraper, officially called the Leadenhall Building, is now 90% let or under offer.

British Land today said that it  had agreed 132,000 sq ft of office lettings in the three months to  30 June.

Chris Grigg, chief executive, added: “In the supply-constrained City market we’re positive about our prospects on the remaining space [at the Cheesegrater].”

During the quarter the firm lodged plans for 300,000 sq ft of offices and shops at 1 Finsbury Avenue, near Liverpool Street station. The first-quarter dividend was 7.09p — 2.5% ahead of last year. The shares were down 3p to 843.5p.

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July 21, 2015 |
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